Showing 1 - 10 of 12
We explore the impacts of high-speed rail (HSR) developments on airport-level traffic by considering not only the availability of air-HSR intermodal linkage between the airport and HSR station but also the position of the airport's city in the HSR network. The latter is measured by both the...
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This study investigates the effects of high-speed rail (HSR) services on Chinese airlines. Our analysis suggests that the HSR service will be competitive in terms of network connectivity, total travel time and cost efficiency. On the other hand, growth of the Chinese airline industry has been...
Persistent link: https://www.econbiz.de/10010868643
This paper analyzes the effects of cooperation between a hub-and-spoke airline and a high-speed rail (HSR) operator when the hub airport may be capacity-constrained. We find that such cooperation reduces traffic in markets where prior modal competition occurs, but may increase traffic in other...
Persistent link: https://www.econbiz.de/10010744365
This paper investigates the effects of competition between air transport and high-speed rail (HSR). While airlines are assumed to maximize profit, HSR may maximize a weighted sum of profit and social welfare. We show that both airfare and HSR fare fall as the weight of welfare in the HSR’s...
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With unique house transaction data, we study the distributional effect of high-speed rail (HSR) by examining the house price premium of industrial parks in two important core-periphery pairs of China. For “Shanghai-Suzhou” pair, the premium of manufacturing industrial parks grows in the...
Persistent link: https://www.econbiz.de/10012829482
This paper examines the impact of China's large-scale high-speed rail (HSR) expansion, announced in June 2016, on low-cost carriers (LCCs) and the associated benefits assessment of the expansion program. Our analysis suggests that HSR imposes a greater threat to LCCs than to full service...
Persistent link: https://www.econbiz.de/10012977167
While the existing literature has focused on the short-term impacts, this paper investigates the long-term impacts of high-speed rail (HSR) competition on airlines. An analytical model is developed to study how an airline may change its network and market coverage when facing HSR competition on...
Persistent link: https://www.econbiz.de/10012995994
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