This paper describes a dynamic demand model, referred to as dynamic abstract mode model, for estimating both the short- and long-term responses of air passengers to changes in relative air-sea travel cost components in competitive markets. The implementation of the model in the competitive...

The recent marketing literature reflects a growing interest in structural models, stemming from (1) the desire to test a variety of behavioral theories with market data, and (2) recent developments that facilitate estimation of and inference for these models. Whether one should always go through...