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Dupuit, Colson and the beginnings of the SNCF: The road to Yield Management
[Dupuit, Colson et les débuts de la SNCF : La voie vers le Yield Management]

Author

Listed:
  • Joachim De Paoli

    (UJML - Université Jean Moulin - Lyon 3 - Université de Lyon, Iaelyon - Iaelyon School of Management - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon, Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon)

Abstract

The Yield Management is the main method used nowadays by airlines companies in order to set their prices. It is often presented as an innovation developed inside the airline sector in the United States at the end of the 1970's. However, this paper demonstrates, that it has important similarities with an older theory: the pricing method of infrastructures exploited by a monopoly proposed by Jules Dupuit in 1844, developed by Clément Colson from 1890 and applied by SNCF at its creation in 1937. Indeed, Yield Management is based on Dupuit's idea of charging each user a price as close as possible of to the use value attributed to the transport. To get users to reveal this use value, low-cost companies use an option mechanism that is found in Colson's developments and in the pricing system used when the SNCF was created.

Suggested Citation

  • Joachim De Paoli, 2024. "Dupuit, Colson and the beginnings of the SNCF: The road to Yield Management [Dupuit, Colson et les débuts de la SNCF : La voie vers le Yield Management]," Post-Print hal-04448093, HAL.
    • Handle: RePEc:hal:journl:hal-04448093
    as

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