United Airlines vows not to call police on passengers as CEO apologizes for fiasco
United Airlines vows not to call police on passengers as CEO apologizes for fiasco
- April 12, 2017
- Jan Brueckner, economics, via the Los Angeles Times, April 12, 2017
-----
Jan Brueckner, professor of economics at UC Irvine, said overbooking can actually benefit consumers. If an airline flies with empty seats, it forgoes revenue on the flight. “Eliminating empty seats is a good idea because it keeps fares down,” he said. “People don’t like it because it’s crowded, but still, they care more about the price than anything.”
For the full story, please visit http://www.latimes.com/business/la-fi-united-boarding-20170412-story.html.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Share on:
Related News Items
- Careet RightForeclosures are surging under Donald Trump
- Careet RightOrange County faces a population exodus. Its housing market couldn't care less.
- Careet RightHow did an 'implausible' claim about jobs created by LA's 'mansion tax' get cited by watchdogs?
- Careet RightEconomics of Anteater life
- Careet RightQuestioning the housing crisis: Demand matters too