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The demand for air transport is largely determined by the spending capacity of customers. This paper aims to offer more insight into the determinants of price elasticities in the aviation sector. It seeks to identify both common and contrasting factors that influence the price elasticities, on...
Persistent link: https://www.econbiz.de/10010682086
There is an abundance of literature on cost functions and economies of scale in the rail sector. Results from such studies are used in decisions on privatization, regulation and mergers. Different studies may, however, come to very different conclusions. In this paper we examine the results of...
Persistent link: https://www.econbiz.de/10010822676
This paper aims to present a newly developed distance friction minimization (DFM) method in the context of data envelopment analysis (DEA) in order to generate an appropriate (non-radial) efficiency-improving projection model, for both input reduction and output increase. In this approach, a...
Persistent link: https://www.econbiz.de/10008865031
Low-cost carriers like easyJet, Buzz and Ryanair use catching slogans highlighting their sometimes very low fares to attract passengers. This paper analyses pricing behaviour in the London–Paris market where low-cost carriers and conventional carriers are active. The central question is...
Persistent link: https://www.econbiz.de/10011162886
In the paper a nested logit model is used to describe passenger preferences concerning airports and airlines. A statistical model for the passengers' sequential choice of airport and airline is calibrated. It appears that the choice sequence first airport, then airline is statistically...
Persistent link: https://www.econbiz.de/10005281912
The demand for air transport is largely determined by the spending capacity of customers. This paper aims to offer more insight into the determinants of price elasticities in the aviation sector. It seeks to identify both common and contrasting factors that influence the price elasticities, on...
Persistent link: https://www.econbiz.de/10005281926
In this paper a model, based on the nested multinomial logit model, is used to analyze airport competition and airline competition in a multiple airport region. It is shown that if the frequency elasticity of demand is smaller than 1, airfare-frequency and airport tax equilibria exist and are...
Persistent link: https://www.econbiz.de/10005281966
Automobile gasoline demand can be expressed as a multiplicative function of fuel efficiency, mileage per car and car ownership. This implies a linear relationship between the price elasticity of total fuel demand and the price elasticities of fuel efficiency, mileage per car and car ownership....
Persistent link: https://www.econbiz.de/10005228426
Using data envelopment analysis, efficiency ratios for European airports are determined. It appears that most airports are operating under increasing returns to scale. This is also reflected in the most productive scale size determined for the airports.
Persistent link: https://www.econbiz.de/10005199205
Automobile gasoline demand can be expressed as a multiplicative function of fuel efficiency, mileage per car and car ownership. This implies a linear relationship between the price elasticity of total fuel demand and the price elasticities of fuel efficiency, mileage per car and car ownership....
Persistent link: https://www.econbiz.de/10011256551