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首页> 外文期刊>Economics of Transportation >How much do consumers really value air travel on-time performance, and to what extent are airlines motivated to improve their on-time performance?
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How much do consumers really value air travel on-time performance, and to what extent are airlines motivated to improve their on-time performance?

机译：消费者对航空公司的航班准点率表现有何评价？航空公司在多大程度上会提高其航班准点率？

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This paper estimates the value consumers place on air travel on-time performance (OTP), and the extent to which airlines are motivated to improve their OTP. We find robust evidence that consumers value OTP and are willing to pay to avoid delays. Airlines can invest to improve OTP, but would independently choose to do so only if on-time performance improvement leads to increases in profitability. Using a methodology that does not require having actual cost data to draw inference on cost changes associated with improvement in OTP, we analyze airlines' optimal OTP-improvement investment choice. The modeling framework allows us to provide estimates of OTP-related marginal investment costs per minute of improvement necessary to achieve specific percent reductions in arrival delay minutes from the current levels of arrival delay minutes observed in the data.
机译：本文估算了消费者对航空航班准点率（OTP）的重视程度，以及航空公司提高其OTP积极性的程度。我们发现有力的证据表明消费者重视OTP，并愿意为避免延误而付费。航空公司可以进行投资来改善OTP，但是只有在按时提高绩效可以提高盈利能力的情况下，航空公司才会独立选择这样做。我们使用不需要具有实际成本数据的方法来推断与OTP改善相关的成本变化，从而分析了航空公司最佳OTP改善投资选择。建模框架使我们能够提供每分钟改进所需的与OTP相关的边际投资成本的估计值，以实现从数据中观察到的当前到达延迟时间的特定水平降低到达延迟时间的特定百分比。

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