Impact of high-speed rail on market concentration and Lerner index in China's airline market

Journal of Air Transport Management - Tập 83 - Trang 101755 - 2020
Qiong Zhang1, Hangjun Yang2, Qiang Wang2, Anming Zhang3, Yahua Zhang4
1School of Economics and Management, Anhui Normal University, Wuhu 241000, China
2School of International Trade and Economics, University of International Business and Economics, Beijing 100029, China
3Sauder School of Business, University of British Columbia, Vancouver, BC, V6T 1Z2, Canada
4School of Commerce, University of Southern Queensland, Toowoomba, 4350, Queensland, Australia

Tóm tắt

Từ khóa


Tài liệu tham khảo

Appelbaum, 1982, The estimation of the degree of oligopoly power, J. Econom., 19, 287, 10.1016/0304-4076(82)90006-9

Bain, 1951, Relation of profit rate to industry concentration: American manufacturing 1936-1940, Q. J. Econ., 65, 293, 10.2307/1882217

Bain, 1956

Bain, 1968

Belleflamme, 2015

Belobaba, 1994, Airline market concentration: an analysis of US origin-destination markets, J. Air Transp. Manag., 1, 5, 10.1016/0969-6997(94)90026-4

2017

Blair, 2014, Quality-enhancing merger efficiencies, Iowa Law Rev., 100, 1969

Brander, 1990, Market conduct in the airline industry: an empirical investigation, RAND J. Econ., 21, 567, 10.2307/2555469

Brander, 1993, Dynamic oligopoly behaviour in the airline industry, Int. J. Ind. Organ., 11, 407, 10.1016/0167-7187(93)90017-7

Bresnahan, 1989, Empirical studies of industries with market power, vol. II

CAPA, 2013

Caves, 1980, Corporate strategy and structure, J. Econ. Lit., 28, 64

Chen, 2017, Impacts of high-speed rail on domestic air transportation in China, J. Transp. Geogr., 62, 184, 10.1016/j.jtrangeo.2017.04.002

Chiambaretto, 2012, Air-rail intermodal agreements: balancing the competition and environmental effects, J. Air Transp. Manag., 23, 36, 10.1016/j.jairtraman.2012.01.012

China City Statistical Yearbook (2011-2014). China Statistics Press, Beijing.

China Railway

ECA Air Traffic Working Group, 2004, 297

Fischer, 2003, Price-cost margins in the US airline industry using a conjectural variation approach, J. Transp. Econ. Policy, 37, 227

Fu, 2012, Will China's airline industry survive the entry of high-speed rail?, Res. Transp. Econ., 35, 13, 10.1016/j.retrec.2011.11.006

Fu, 2015, Low-cost carrier competition and route entry in an emerging but regulated aviation market – the case of China, Transp. Res. A Policy Pract., 79, 3, 10.1016/j.tra.2015.03.020

Gaotie

Greene, 2000

Guangzhou Daily

Harvey, 1976, Estimating regression models with multiplicative heteroscedasticity, Econometrica, 44, 461, 10.2307/1913974

Hay, 1987

Ifengcom

Jiang, 2016, Airline network choice and market coverage under high-speed rail competition, Transp. Res. A Policy Pract., 92, 248, 10.1016/j.tra.2016.06.008

Kadiyali, 2001, Structural analysis of competitive behavior: new empirical industrial organization methods in marketing, Int. J. Res. Mark., 18, 161, 10.1016/S0167-8116(01)00031-3

Kutlu, 2012, Estimation of market power in the presence of firm-level inefficiencies, J. Econom., 168, 141, 10.1016/j.jeconom.2011.11.001

Landes, 1981, Market power in antitrust cases, Harv. Law Rev., 937, 10.2307/1340687

Lee, 2003, Concentration and price trends in the US domestic airline industry: 1990–2000, J. Air Transp. Manag., 9, 91, 10.1016/S0969-6997(02)00046-7

Lerner, 1934, The concept of monopoly and the measurement of monopoly power, Rev. Econ. Stud., 1, 157, 10.2307/2967480

Lijesen, 2004, Adjusting the Herfindahl index for close substitutes: an application to pricing in civil aviation, Transp. Res. E Logist. Transp. Rev., 40, 123, 10.1016/S1366-5545(03)00045-0

Lijesen, 2002, Measuring competition in civil aviation, J. Air Transp. Manag., 8, 189, 10.1016/S0969-6997(01)00048-5

Luo, 2010, Supramonopoly: theory and evidence from the US air passenger service markets, Int. J. Econ. Bus., 17, 405, 10.1080/13571516.2010.513817

Mason, 1939, Price and production policies of large-scale enterprises, Am. Econ. Rev., 29, 61

Mason, 1949, The current state of the monopoly problem in the United States, Harv. Law Rev., 62, 1265, 10.2307/1336466

Melville, 1998, Identifying the regulatory effect of bilateral agreements on international aviation, J. Air Transp. Manag., 4, 39, 10.1016/S0969-6997(97)00014-8

Motta, 2004

Murakami, 2011, Empirical analysis of inter-firm rivalry between Japanese full-service and low-cost carriers, Pac. Econ. Rev., 16, 103, 10.1111/j.1468-0106.2010.00537.x

Oliveira, 2016, Network concentration and airport congestion in a post de-regulation context: a case study of Brazil 2000–2010, J. Transp. Geogr., 50, 33, 10.1016/j.jtrangeo.2015.01.001

Oum, 1993, Inter-firm rivalry and firm-specific price elasticities in the deregulated airline markets, J. Transp. Econ. Policy, 27, 171

Shanghai Stock Exchange

Sheldon, 2003, Estimating the extent of imperfect competition in the food industry: what have we learned?, J. Agric. Econ., 54, 89, 10.1111/j.1477-9552.2003.tb00052.x

Spierdijka, 2018, Measuring banks' market power in the presence of economies of scale: a scale-corrected Lerner index, J. Bank. Financ., 87, 40, 10.1016/j.jbankfin.2017.09.022

Utton, 1995

Wan, 2016, Airlines' reaction to high-speed rail entries: empirical study of the Northeast Asian market, Transp. Res. A Policy Pract., 94, 532, 10.1016/j.tra.2016.10.014

Wang, 2014, Benchmarking the performance of Chinese airlines: an investigation of productivity, yield and cost competitiveness, J. Air Transp. Manag., 38, 3, 10.1016/j.jairtraman.2013.12.012

Wang, 2017, Should China further expand its high-speed rail network? Consider the low-cost carrier factor, Transp. Res. A Policy Pract., 100, 105, 10.1016/j.tra.2017.04.010

Wang, 2018, Effects of train speed on airline demand and price: theoretical analysis and empirical evidence from a natural experiment, Transp. Res. Part B Methodol., 114, 99, 10.1016/j.trb.2018.05.017

Wang, 2018, Key determinants of airline pricing and air travel demand in China and India: policy, ownership, and LCC competition, Transp. Policy, 63, 80, 10.1016/j.tranpol.2017.12.018

Yang, 2012, Effects of high-speed rail and air transport competition on prices, profits and welfare, Transp. Res. Part B Methodol., 46, 1322, 10.1016/j.trb.2012.09.001

Zhang, 1998, Industrial reform and air transport development in China, J. Air Transp. Manag., 4, 155, 10.1016/S0969-6997(98)00015-5

Zhang, 2010, Network structure and capacity requirement: the case of China, Transp. Res. E Logist. Transp. Rev., 46, 189, 10.1016/j.tre.2009.08.002

Zhang, 2003, Evolution of China's air transport development and policy towards international liberalization, Transp. J., 42, 31

Zhang, 2008, China's airline deregulation since 1997 and the driving forces behind the 2002 airline consolidations, J. Air Transp. Manag., 14, 130, 10.1016/j.jairtraman.2008.03.001

Zhang, 2009, Policy implications of the effects of concentration and multimarket contact in China's airline market, Rev. Ind. Organ., 34, 307, 10.1007/s11151-009-9215-2

Zhang, 2011, Price wars and price collusion in China's airline markets, Int. J. Ind. Organ., 29, 361, 10.1016/j.ijindorg.2010.07.005

Zhang, 2016, Determinants of air passenger flows in China and gravity model: deregulation, LCCs and high-speed rail, J. Transp. Econ. Policy, 50, 287

Zhang, 2017, Air transport development: a comparative analysis of China and India, 112

Zhang, 2013, Market conduct of the three busiest airline routes in China, J. Transp. Econ. Policy, 47, 335

Zhang, 2014, Market power and its determinants in the Chinese airline industry, Transp. Res. A Policy Pract., 64, 1, 10.1016/j.tra.2014.03.003

Zhang, 2017, Impact of high-speed rail on China's Big Three airlines, Transp. Res. A Policy Pract., 98, 77, 10.1016/j.tra.2017.02.005

Zhang, 2019, Impacts of high-speed rail on airlines, airports and regional economies: a survey of recent research, Transp. Policy, 81, A1, 10.1016/j.tranpol.2019.06.010

Zhu, 2018, Connectivity of intercity passenger transportation in China: a multi-modal and network approach, J. Transp. Geogr., 71, 263, 10.1016/j.jtrangeo.2017.05.009