A Mathematical Model on the Temporal Dynamics of Aviation Competitive Pricing
Tichaona Chikore, Ph.D. et al.
This study investigates the competitive dynamics of airport pricing using U.S. airport data to validate the findings. It employs linear and nonlinear ordinary differential equation models to analyze the influence of competitive interactions and internal factors on pricing decisions. The methodology involves parameter estimation via optimization techniques and quantile regression to capture heterogeneity across market segments. Mathematical analysis and simulation results show that if competitive