We incorporate previously omitted controls of external conditions in transportation and commodity markets into Porter's (1983) analysis of industry demand, conduct and stability of the JEC railroad cartel. We estimate the equilibrium price path, non-parametrically, and find that the reaction of...

This paper is motivated by the US freight railroad industry, which is characterized by a major restructuring over the last 30 years. In particular, the number of active firms decreased from 26 in 1978 to seven in 2006 due to several takeover waves. The empirical focus concerns the estimation of...

We investigate the impact of the 1996 UP/SP railroads merger on rail rates for potential 2-to-1 shippers. As part of its merger conditions, the Surface Transportation Board (STB) granted trackage rights to BNSF to preserve competition for these shippers. Using the STB's Carload Waybill Sample...

We analyse the behaviour of market participants in a multi-modal commuter network where roads are not priced, but public transport has a usage fee, which is set while taking the effects on the roads into account. In particular, we analyse the difference between markets with a monopolistic public...

English Abstract: This paper presents evidence of the head-on open access competition which took place on the market of long-distance passenger rail services in Poland in 2009-2015. The regional governments-owned challenger managed to raise its market share to more than 33% (2010) but eventually...

The current study explores the asymmetric cost behaviour in US shipping industry. More precisely, it investigates whether various categories of expenses show asymmetric behaviour after increases or decreases in the stream of their revenues and examines the impact of leverage on managers'...

Liner shipping Companies dominate maritime trade in the world's main geographic areas, with a form of organization based on transshipment. The structure of trade is now driving the shipping Companies to move toward exerting direct or indirect domination over large inland areas from whence goods...

Since the 1995 Barcelona Conference, the Mediterranean has acquired an increasingly important role in the political strategies of the European Union and in countries bordering on the Mediterranean; at the same time, it has assumed a primary function in the expansion of maritime transport. The...

The tendency towards consolidation of the liner shipping companies requires the development of the 'hub and spokes' model in the Mediterranean as well. In this framework, we argue that the network model will be reinforced as compared to the 'point to point' model. However, only a few studies are...