A study of the option pricing method in the agency problem between airlines and travel agents

被引：1
|
作者：
Tsai, HT
Lin, CG
Huang, L [1 ]
机构：
[1] Natl Kaohsiung Hospitality Coll, Dept Travel Management, Kaohsiung, Taiwan
[2] Natl Sun Yat Sen Univ, Dept Business Management, Kaohsiung 80424, Taiwan
[3] Soochow Univ, Dept Business Math, Taipei, Taiwan
来源：
JOURNAL OF AIR TRANSPORT MANAGEMENT | 2004年 / 10卷 / 02期
关键词：
option pricing method; airlines; agency cost; travel industry;
D O I：
10.1016/j.jairtraman.2003.09.003
中图分类号：
U [交通运输];
学科分类号：
08 ; 0823 ;
摘要：
The option pricing method is used to analyze the agency problem between airlines and travel agencies. An Airline Agency Option Pricing model is employed whereby different ticket price processes, the quantity targets of tickets sold, the correlation between the ticket price and ticket quantity, and various incentive programs affect the agency costs between airlines and travel agencies. it is found that airlines should cautiously design their incentive programs to mitigate the impact caused by the agency problem that could influence the operations of travel-related suppliers. (C) 2003 Elsevier Ltd. All rights reserved.
引用
收藏
页码：151 / 160
页数：10
相关论文
共 39 条
  • [1] The Agency Agreement Between Travel Agents and Airlines in the Digital Milieu: Perspectives from Competition Law
    Lord, Brendan
    AIR & SPACE LAW, 2018, 43 (4-5): : 495 - 504
  • [2] The Adjoint Method for the Inverse Problem of Option Pricing
    Wang, Shou-Lei
    Yang, Yu-Fei
    Zeng, Yu-Hua
    MATHEMATICAL PROBLEMS IN ENGINEERING, 2014, 2014
  • [3] Spline approximation method to solve an option pricing problem
    Khabir, Mohmed H. M.
    Patidar, Kailash C.
    JOURNAL OF DIFFERENCE EQUATIONS AND APPLICATIONS, 2012, 18 (11) : 1801 - 1816
  • [4] ON PROJECTIVE GRADIENT METHOD FOR THE INVERSE PROBLEM OF OPTION PRICING
    Ma, Qing-Hua
    Xu, Zuo-Liang
    Jin, Chang
    BOUNDARY VALUE PROBLEMS, INTEGRAL EQUATIONS AND RELATED PROBLEMS, 2011, : 154 - 162
  • [5] The operator splitting method for the European option pricing problem
    Daoud, Yassir
    Ozis, Turgut
    PROCEEDINGS OF THE FIFTH INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING MANAGEMENT, 2011, : 476 - 481
  • [6] Artificial Boundary Method for European Pricing Option Problem
    Li, Hongshan
    Huang, Zhongyi
    EAST ASIAN JOURNAL ON APPLIED MATHEMATICS, 2020, 10 (04) : 746 - 773
  • [7] Upwind difference method for solving the pricing problem of Asian option
    School of Sciences, Northeastern University, Shenyang 110004, China
    Dongbei Daxue Xuebao, 2006, 3 (328-331):
  • [8] Analysis of the Discontinuous Galerkin Method Applied to the European Option Pricing Problem
    Hozman, J.
    39TH INTERNATIONAL CONFERENCE APPLICATIONS OF MATHEMATICS IN ENGINEERING AND ECONOMICS (AMEE13), 2013, 1570 : 227 - 234
  • [9] The Numerical Method for Solving the Problem of Pricing an American Put-Option
    Gileva, L.
    Shaydurov, V
    Efremov, A.
    APPLICATION OF MATHEMATICS IN TECHNICAL AND NATURAL SCIENCES (AMITANS 2020), 2020, 2302
  • [10] Variational Formulation of Option Pricing Problem a Platform for Finite Element Method in Finance
    Lukas, Ladislav
    33RD INTERNATIONAL CONFERENCE MATHEMATICAL METHODS IN ECONOMICS (MME 2015), 2015, : 467 - 472
1234