Author(s):
Menezes, António Gomes de ; Vieira, José Cabral
Date: 2006
Persistent ID: http://hdl.handle.net/10400.3/1139
Origin: Repositório da Universidade dos Açores
Subject(s): Airline Services; Air Transportation Policy; Conditional Logit; Stated Preferences Choice Games; Willingness to Pay; Airline Services; Airline Services; Air Transportation Policy; Air Transportation Policy; Conditional Logit; Conditional Logit; Stated Preferences Choice Games; Stated Preferences Choice Games; Willingness to Pay; Willingness to Pay
Description
We analyze consumer preferences for airline services attributes between Ponta Delgada and Lisbon. For this purpose, we conduct a stated preferences choice game and estimate a microeconometric model à la McFadden (1974). Our results are statistically significant and imply willingness to pay measures economically high for attributes such as punctuality warranties and comfort. We interpret these results at the light of the theories found in Kahneman (2003). Willingness to pay for additional daily flights is quite low. This result is important to how should the policy maker liberalize this sector.
