1. Effects of open access competition on prices and frequencies on the interurban railway market: evidence from Europe
- Author
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Florent Laroche, Ayana Lamatkhanova, Laboratoire Aménagement Économie Transports (LAET), Université Lumière - Lyon 2 (UL2)-École Nationale des Travaux Publics de l'État (ENTPE)-Centre National de la Recherche Scientifique (CNRS), and Laroche, Florent
- Subjects
Index (economics) ,Strategy and Management ,media_common.quotation_subject ,Economics, Econometrics and Finance (miscellaneous) ,General Decision Sciences ,Transportation ,Management Science and Operations Research ,Direct competition ,Type of service ,Oligopoly ,Competition (economics) ,Regulation approach ,Originality ,0502 economics and business ,Herfindhal-Hirschman index ,Economics ,JEL: L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance ,050207 economics ,Business and International Management ,[SHS.ECO] Humanities and Social Sciences/Economics and Finance ,Duopoly ,Industrial organization ,Interurban ,media_common ,050210 logistics & transportation ,05 social sciences ,[SHS.ECO]Humanities and Social Sciences/Economics and Finance ,JEL: L - Industrial Organization ,Travel time ,Tourism, Leisure and Hospitality Management ,JEL: L - Industrial Organization/L.L5 - Regulation and Industrial Policy ,JEL: L - Industrial Organization/L.L9 - Industry Studies: Transportation and Utilities ,Railway competition ,Oligopolistic market - Abstract
This paper explores the effect of competition on prices and frequencies for the Interurban rail market in Europe. Intramodal competition is assessed by the Herfindahl-Hirschman Index (HHI). Intermodal competition takes into account new types of service such as coach and carpooling services. The originality of the analysis stems from the method and database used. The results show that intra-modal competition has a significant impact on frequencies but not on economy class prices because of oligopolistic organizations (duopoly). In addition, the effects of intermodal competition are limited mainly because of considerable differences between services in terms of travel time, comfort and users' preferences.
- Published
- 2020