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| Author: | Gonzalez-Savignat, M. |
| Title: | Competition in air transport. The case of the high speed train |
| Journal: | Journal of Transport, Economics and Policy
2004 : JAN, VOL. 38:1, p. 77-108 |
| Index terms: | Air transport Rail transport Competition Markets Spain Models |
| Language: | eng |
| Abstract: | This article analyses the potential of the high speed train (here as: h-s-t.) to compete with the airline market. The context proposed is hypothetical, given that the h-s-t. alternative is not yet available on the route subject to research. To model passenger preferences relative to the characteristics of the alternatives, experimental design techniques are applied, allowing for the design of the market that will be evaluated by current airline passengers. Based on the information collected, modal choices are analyzed, estimating a logit model with both alternatives. Demand modelling allows us to predict the substitutability level of the h-s-t. compared with the plane for different types of journey and traveller. The results confirm that the h-s-t. will have an important impact on the airline market, with a considerable deviation of passengers towards the new railway service. The simulation of different policies related to service variables stresses the fact that this impact will mainly depend on travel time, given that as this time increases, the h-s-t. will lose market share. |
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