Text:
Northwest Airlines has started auctioning vouchers for overbooked flights. It seems NWA thought they were overpaying passengers for displacing them from flights and are using the auction mechanism to lower the amount they pay per voucher. Too bad they do not take the same perspective on regular seat sales.
References:
You Tell Us What Your Seat Is Worth
<< http://freakonomics.blogs.nytimes.com/2008/07/24/you-tell-us-what-your-seat-is-worth/>>
Northwest Airlines has started auctioning vouchers for overbooked flights. It seems NWA thought they were overpaying passengers for displacing them from flights and are using the auction mechanism to lower the amount they pay per voucher. Too bad they do not take the same perspective on regular seat sales.
References:
You Tell Us What Your Seat Is Worth
<< http://freakonomics.blogs.nytimes.com/2008/07/24/you-tell-us-what-your-seat-is-worth/>>
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