1. Making hay while the sun shines.
- Author
-
Szymanski, Stefan
- Subjects
ACCESS roads to ferries ,TRANSPORTATION rates ,CHANNEL Tunnel (Coquelles, France, & Folkestone, England) ,FRANCHISE clause (Marine insurance) ,UNDERWATER tunnels ,RETAIL franchises - Abstract
This paper analyses the pricing behaviour of cross channel ferry companies in the eight year period between awarding the Channel Tunnel franchise and the completion of the construction of the Tunnel. The ferry companies appear to have ‘made hay’ by significantly increasing some published prices for car ferry journeys in real terms over the period. The paper presents a model of regulatory intervention which can account for increasing prices. [ABSTRACT FROM AUTHOR]
- Published
- 1996
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