Competition in long distance transport: Impacts on prices, frequencies, and demand in the Czech Republic
| Autor: | Richard Kališ, Marek Kasa, Hana Fitzová, Vilém Pařil |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Czech
050210 logistics & transportation Strategy and Management 05 social sciences Economics Econometrics and Finance (miscellaneous) 0211 other engineering and technologies General Decision Sciences 021107 urban & regional planning Transportation 02 engineering and technology Management Science and Operations Research Price variation Competition Open access Price strategy Frequency Elasticity Passenger transport language.human_language Competition (economics) Tourism Leisure and Hospitality Management 0502 economics and business language Business Business and International Management Monopoly Industrial organization |
| Zdroj: | Research in Transportation Business & Management |
| ISSN: | 2210-5395 |
| Popis: | This article analyses the effect of different entry regulations on company conduct and traveller behaviour. The paper presents a comprehensive case study of three railway markets with significantly different entry policies using data on prices and frequencies together with a survey conducted to obtain revealed preferences. The study employs data from the three main lines in the Czech Republic. The two open access markets tended to provide significantly higher connection frequencies than the line with regulated entry did. Surprisingly, low price variation across the rail and bus markets suggests low monopoly power for the monopolised incumbent and its uniform price strategy across markets with different entry regulations. On the other hand, high price sensitivity among travellers confirms the importance of intramodal competition. This article analyses the effect of different entry regulations on company conduct and traveller behaviour. The paper presents a comprehensive case study of three railway markets with significantly different entry policies using data on prices and frequencies together with a survey conducted to obtain revealed preferences. The study employs data from the three main lines in the Czech Republic. The two open access markets tended to provide significantly higher connection frequencies than the line with regulated entry did. Surprisingly, low price variation across the rail and bus markets suggests low monopoly power for the monopolised incumbent and its uniform price strategy across markets with different entry regulations. On the other hand, high price sensitivity among travellers confirms the importance of intramodal competition. |
| Databáze: | OpenAIRE |
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