Effects of Airline Entry on High-Speed Rail

被引:20
作者
Wang, Chunan [1 ,2 ]
Jiang, Changmin [3 ]
Zhang, Anming [4 ]
机构
[1] Beihang Univ, Sch Econ & Management, Beijing, Peoples R China
[2] MoE Key Lab Complex Syst Anal & Management Decis, Beijing, Peoples R China
[3] Univ Int Business & Econ, Sch Int Trade & Econ, Beijing, Peoples R China
[4] Univ British Columbia, Sauder Sch Business, Vancouver, BC, Canada
基金
中国国家自然科学基金;
关键词
high-speed rail; airline entry; number of train stops; service frequency; train size; welfare; AIR TRANSPORT COMPETITION; LOW-COST CARRIER; NETWORK; PASSENGER; MARKET; LEVEL; COOPERATION; DEMAND; PRICES; CHINA;
D O I
10.1016/j.trb.2021.10.004
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper investigates how an incumbent high-speed rail (HSR) operator responds to the entry of an airline. We find that the entry reduces frequencies of HSR service, but it reduces the frequency of HSR service with a small number of stops more. Furthermore, measuring the train size by the number of passengers carried per trip, the airline entry reduces train size of HSR service with a large number of stops, but it does not significantly affect train size of HSR service with a small number of stops. Third, the airline entry improves social welfare in most cases. However, the distribution of such welfare gain is uneven among different markets. Finally, several policy implications are provided.
引用
收藏
页码:242 / 265
页数:24
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