Showing 1 - 10 of 95
It is a common finding in empirical discrete choice studies that the estimated mean relative values of the coefficients (i.e. WTP's) from multinomial logit (MNL) estimations differ from those calculated using mixed logit estimations, where the mixed logit has the better statistical fit. However,...
Persistent link: https://www.econbiz.de/10011257275
faces competition from a slower but betteraccessible transport mode. To access the fast transport network individuals haveto …In a circular city model, I consider network design and pricing decisions for asingle fast transport connection that … presence of competition the profit-maximizingand socially optimal decision would be to cluster the two stations. Bycontrast, in …
Persistent link: https://www.econbiz.de/10011249541
="http://www.sciencedirect.com/science/article/pii/S0094119011000921">Journal of Urban Economics</A>, 71(3), 278-88.<P>This paper studies inter- and intramodal competition in the London …-Paris passenger market. Using revealed preference data, we estimate nested and mixed multinomial logit models to examine passenger … to St Pancras International station. The results show that competition is present in this market. Demand is elastic, and …
Persistent link: https://www.econbiz.de/10011255519
One of the main unanswered questions in the field of urban economics is to which extent subsidies to public transit are justified. We examine one of the main benefits of public transit, a reduction in car congestion externalities, the so-called congestion relief benefit, using quasi-natural...
Persistent link: https://www.econbiz.de/10011255778
taking into account competition between multiple privatized transport operator types. The operators, including high …This paper develops a methodology to assess transport infrastructure investments and their effects on a Nash equilibria …-speed rail, hub and spoke legacy airlines and low cost carriers, maximize profit functions via prices, frequency and train …
Persistent link: https://www.econbiz.de/10011257086
, even if the total travel demand is inelastic, serial Bertrand-Nash competition on the public transport links leads to … participants in a multi-modal commuter network where roads are not priced, but public transport has a usage fee, which is set while … public transport operator, which operates all public transport links, and markets in which separate operators own each public …
Persistent link: https://www.econbiz.de/10011257596
We develop a method to screen for local cartels. We first test whether there is statistical evidence of clustering of outlets that score high on some characteristic that is consistent with collusive behavior. If so, we determine in a second step the most suspicious regions where further...
Persistent link: https://www.econbiz.de/10011255447
We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search environment, the search behavior of consumers. Endogenous...
Persistent link: https://www.econbiz.de/10011255485
This paper studies the incentives to merge in a Bertrand competition model where firms sell differentiatedproducts and …
Persistent link: https://www.econbiz.de/10011255518
This paper is the first to examine the effect of minimum price guaranteesin a sequential search model. Minimum price guarantees are notadvertised and only known to consumers when they come to the shop.We show that in such an environment, minimum price guarantees increasethe value of buying the...
Persistent link: https://www.econbiz.de/10011255718