Complements for instructors about the model of demand of the Airline Economics Simulation
You must be familiar with the simulation before watching this video: https://lud.io/transport or https://economics-games.com/industrial-organization.
1 – General Considerations and Customers’ Characteristics: 1:07
2 – Dynamics of sales inside a phase: 4:11
3 – Comparing customers’ characteristics between phases: 7:42
4 – Why the effect of frequencies on sales exhibit decreasing returns: 11:19
5 – When can a cheaper firm sell less than its competitor? Example 1 (because of different frequencies or comfort): 14:22
6 – When can a cheaper firm sell less than its competitor? Example 2 (because of seat quotas): 18:04
7 – When can a cheaper firm sell less than its competitor? Example 3 (because of the random component of individual choices): 22:54
The video is maybe not polished enough to show to your students, but should be quite useful to the instructors who run the Airline Game in their courses.