1. Air travel during times of crisis: The role of social preferences and uncertainty.
- Author
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Randrianarisoa, Laingo M.
- Subjects
- *
INDIVIDUALS' preferences , *INTERNATIONAL air travel , *GOVERNMENT policy , *AIR travel , *SOCIAL policy , *PASSENGERS - Abstract
This paper investigates the role of social preferences and uncertainty for air travel demand, by linking experimentally validated measures of social preferences and uncertainty index to passenger data for 36 European countries from 2019 to 2022. The empirical analysis separates the effects of government restrictions from that of social preferences, while considering the impact of uncertainty surrounding the pandemic event. The results highlight the importance of accounting for the individuals' social preferences when implementing aviation-related policy measures. The findings also reveal that uncertainty can trigger unexpected behaviour from the passengers, resulting in the ineffectiveness of public policies during times of crisis. • The importance of social preferences and uncertainty for passenger demand is evaluated. • Focus on international flights within Europe from 2019 to 2022. • A unique dataset merging passenger data with experimentally validated measures is used. • The effectiveness of air travel-related policies depends on the social traits of the populations. • Uncertainty triggers unexpected effects on air travel demand. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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