Abstract

http://ssrn.com/abstract=1416663
 


 



Intermodal Competition in the London-Paris Passenger Market: High-Speed Rail and Air Transport


Christiaan Behrens


VU University Amsterdam - Department of Economics

Eric A. J. H. Pels


Vrije Universiteit - Department of Spatial Economic

June 9, 2009

Tinbergen Institute Discussion Paper 09-051/3

Abstract:     
This paper studies inter- and intra-modal competition in the London-Paris passenger market. Using revealed preference data, we estimate nested and mixed multinomial logit models to examine passenger behaviour in the London-Paris market. We present a case study on the relocation of Eurostar services from Waterloo International to St Pancras International station. The results show that competition is present in this market. Demand is elastic, and passengers are heterogeneous in their valuation of fares and accessibility. Aviation and high-speed rail are homogenous in unobserved effects. The large market share of the Eurostar and the withdrawal of aviation alternatives indicate that competition will decline in the long-run.

Number of Pages in PDF File: 26

Keywords: inter- and intra-modal competition, nested logit, mixed logit, aviation, rail

JEL Classification: R40, R41

working papers series


Download This Paper

Date posted: June 11, 2009  

Suggested Citation

Behrens, Christiaan and Pels, Eric A. J. H., Intermodal Competition in the London-Paris Passenger Market: High-Speed Rail and Air Transport (June 9, 2009). Tinbergen Institute Discussion Paper 09-051/3. Available at SSRN: http://ssrn.com/abstract=1416663 or http://dx.doi.org/10.2139/ssrn.1416663

Contact Information

Christiaan Behrens (Contact Author)
VU University Amsterdam - Department of Economics ( email )
De Boelelaan 1105
1081 HV Amsterdam
Netherlands
Eric A.J.H. Pels
Vrije Universiteit - Department of Spatial Economic ( email )
De Boelelaan 1105
1081HV Amsterdam
Netherlands
+31-20-4446049 (Phone)
+31-20-4446004 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 920
Downloads: 225
Download Rank: 76,858

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.375 seconds