Economics of Transportation最新文献_第7页

The effect of vertical product differentiation on fare and market share: Evidence from Delta Air Lines’ middle seat policy 垂直产品差异化对票价和市场份额的影响:来自达美航空中座政策的证据

IF 2.8 3区工程技术

Economics of Transportation Pub Date : 2022-09-01 DOI: 10.1016/j.ecotra.2022.100274

Max J. Hyman , Ian Savage

引用次数: 2

Pricing regime choices for international airports: A rationale for the non-discrimination principle 国际机场的定价机制选择:非歧视原则的基本原理

IF 2.8 3区工程技术

Economics of Transportation Pub Date : 2022-09-01 DOI: 10.1016/j.ecotra.2022.100271

Ming Hsin Lin

{"title":"Pricing regime choices for international airports: A rationale for the non-discrimination principle","authors":"Ming Hsin Lin","doi":"10.1016/j.ecotra.2022.100271","DOIUrl":"https://doi.org/10.1016/j.ecotra.2022.100271","url":null,"abstract":"<div><p>This study investigates whether airports should be prohibited from charging differential charges to airlines. Two countries’ (publicly owned) airports and airlines interlink, and passengers travel round-trips. Each country may choose pricing regimes (uniform versus discriminatory charges) and charge levels, sequentially or simultaneously, to maximize local welfare. Surprisingly, we find that each country choosing uniform charges achieves unique equilibrium in the sequential game, in which countries may commit to a particular pricing regime before setting charge levels. However, in the simultaneous game without the commitment effect, each country choosing discriminatory charges achieves the unique equilibrium. The total welfare achieved under the former equilibrium is larger than (equal to) that under the latter for asymmetric (symmetric) airline competition. These findings provide the economic rationale for the prevalent non-discriminatory principles for international airports from a local and global welfare perspective.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"31 ","pages":"Article 100271"},"PeriodicalIF":2.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2212012222000223/pdfft?md5=0f8dd3ca6d1c2c23ff78885e1a0796f1&pid=1-s2.0-S2212012222000223-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136920008","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Persistence and dynamics in the efficiency of toll motorways: The Spanish case 收费高速公路效率的持续性和动态:西班牙案例

IF 2.8 3区工程技术

Economics of Transportation Pub Date : 2022-09-01 DOI: 10.1016/j.ecotra.2022.100270

José F. Baños-Pino, David Boto-García, Emma Zapico

{"title":"Persistence and dynamics in the efficiency of toll motorways: The Spanish case","authors":"José F. Baños-Pino, David Boto-García, Emma Zapico","doi":"10.1016/j.ecotra.2022.100270","DOIUrl":"10.1016/j.ecotra.2022.100270","url":null,"abstract":"<div><p>This study performs an empirical analysis of the productive efficiency of toll motorway concessionaire companies in Spain. We estimate a dynamic stochastic frontier model using an input-oriented distance function for 30 concessionaires during the 2003–2015 period. Considering a multi-output production technology with light and heavy vehicles, we estimate an autoregressive dynamic specification under a Bayesian framework that acknowledges persistence in firm efficiency due to adjustment costs. Our results reveal: (i) large persistence in productive inefficiency in the toll motorway sector, (ii) technical change from 2006 onwards, and (iii) increasing returns to scale. We derive both short- and long-run inefficiency estimates and document that long-run inefficiency increases with the number of stretches a firm manages; however, inefficiency is unrelated to the political authority that grants the concession. We also find that the marginal cost of light vehicle-kilometres is about half that for heavy vehicles.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"31 ","pages":"Article 100270"},"PeriodicalIF":2.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2212012222000211/pdfft?md5=f898d0486aad44af0600a37fdfc74773&pid=1-s2.0-S2212012222000211-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48472142","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Optimal pricing and design of station-based bike-sharing systems: A microeconomic model 基于站点的共享单车系统的最优定价与设计:一个微观经济模型

IF 2.8 3区工程技术

Economics of Transportation Pub Date : 2022-09-01 DOI: 10.1016/j.ecotra.2022.100273

Sergio Jara-Díaz, André Latournerie, Alejandro Tirachini, Félix Quitral

{"title":"Optimal pricing and design of station-based bike-sharing systems: A microeconomic model","authors":"Sergio Jara-Díaz, André Latournerie, Alejandro Tirachini, Félix Quitral","doi":"10.1016/j.ecotra.2022.100273","DOIUrl":"10.1016/j.ecotra.2022.100273","url":null,"abstract":"<div><p><span>Carefully collected data of nine station-based Bike Sharing Systems (BSS) observed during several years, feed the theoretical formulation of three (aggregated) strategic models representing BSS operation from which the optimal design and pricing is derived. The models include both the operator's costs (investment and operation) and users' costs (time to walk to-from a station, waiting at a station, and time while cycling). The design variables are station spacing, number and capacity of stations, number of bicycles and bike repositioning. Once optimized, the design variables lead to cost functions and optimal pricing. In the first model, a permanent equilibrium without waiting times is assumed. In the second model, waiting at stations (due to a lack of bicycles or docking sites) is introduced in an aggregate form, which results in an increase in the optimal number of bikes and docking sites, making the optimal money price per trip to increase. The third and final model introduces repositioning of bicycles in order to diminish waiting time, making the optimal price grow even further. We obtain an optimal subsidy per trip that grows with the area covered by the BSS, which has implications for its actual implementation in large cities and their spatial and social equity. The optimal pricing scheme is caused by </span>economies of scale due to the reduction in users' access and egress times as the density of stations increases (positive externality) in addition to a fixed operator cost.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"31 ","pages":"Article 100273"},"PeriodicalIF":2.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49279632","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Spillover delay effects of damaging wildlife strike events at U.S. airports 美国机场破坏性野生动物袭击事件的溢出延迟效应

IF 2.8 3区工程技术

Economics of Transportation Pub Date : 2022-06-01 DOI: 10.1016/j.ecotra.2022.100252

Levi Altringer , Sammy Zahran , Stephanie A. Shwiff , Michael J. Begier , Aaron Anderson

{"title":"Spillover delay effects of damaging wildlife strike events at U.S. airports","authors":"Levi Altringer , Sammy Zahran , Stephanie A. Shwiff , Michael J. Begier , Aaron Anderson","doi":"10.1016/j.ecotra.2022.100252","DOIUrl":"10.1016/j.ecotra.2022.100252","url":null,"abstract":"<div><p><span>In this paper, we investigate the spillover<span> departure delay effects of damaging wildlife strike events that occur to commercial passenger airlines on flights scheduled to depart in the 24 h following a damaging wildlife strike event. Employing multiple empirical approaches, and investigating various differential effects, we identify significant excess departure delays in the 24-hour post-strike period. Our results suggest that the spillover delay effects of wildlife strike events are largely contained within the airline to which the strike occurred. The estimated effects are particularly large—5.4 to 8.3 times higher than expectation—for immediate within-airline, same-leg flights. Further, the behavior of the estimated spillover delay effects also depend on whether a strike flight’s destination airport is an airline hub or not. Our estimated average treatment effects indicate that, during the 24-hour post-strike period, the average damaging wildlife strike event generates a minimum of 570 aircraft minutes and roughly 40,000 passenger minutes of within-airline excess departure delay. From this, we estimate that damaging wildlife strike events generate around $25 million (2020 U.S. $) in spillover delay costs each year—an external cost borne by </span></span><em>airlines</em>, <em>passengers</em>, and the <em>economy at large</em>.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"30 ","pages":"Article 100252"},"PeriodicalIF":2.8,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42904426","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Assessing consumer valuations of future costs versus purchase prices in Japan's auto market 评估消费者对未来成本和日本汽车市场购买价格的估值

IF 2.8 3区工程技术

Economics of Transportation Pub Date : 2022-06-01 DOI: 10.1016/j.ecotra.2022.100260

Kiyoshi Arakawa

引用次数: 0

Public transport frequency and risk-taking behavior 乘坐公共交通的频率与冒险行为

IF 2.8 3区工程技术

Economics of Transportation Pub Date : 2022-06-01 DOI: 10.1016/j.ecotra.2022.100259

Harald Høyem

引用次数: 0

The spatial effects of entry on airfares in the U.S. airline industry 进入对美国航空业机票价格的空间影响

IF 2.8 3区工程技术

Economics of Transportation Pub Date : 2022-06-01 DOI: 10.1016/j.ecotra.2022.100251

Brad Shrago

引用次数: 1

Platform competition and consumer foresight: The case of airports 平台竞争与消费者前瞻:以机场为例

IF 2.8 3区工程技术

Economics of Transportation Pub Date : 2022-03-01 DOI: 10.1016/j.ecotra.2021.100248

Giuseppe D’Amico

{"title":"Platform competition and consumer foresight: The case of airports","authors":"Giuseppe D’Amico","doi":"10.1016/j.ecotra.2021.100248","DOIUrl":"10.1016/j.ecotra.2021.100248","url":null,"abstract":"<div><p>This paper studies the effect of competition and consumer foresight on platform profits. The focus is on airports, which provide passengers with aeronautical and commercial services through airlines and retailers. Our results can be summarized as follows. First, we unravel the relationship between consumer foresight and the optimal pricing of the two services. When passengers are myopic, they undervalue the surplus they derive from the retail services, so that the airport charges low landing fees and makes profits from the retail business. When passengers are foresighted, they better anticipate the surplus from the retail services, so that the airport changes its strategy by charging higher landing fees and boosting competition in the retail sector. Second, we find that the relationship between profits and consumer foresight strictly depends on the considered market structure. When the airport has no competitors, airport profits are non-decreasing in the degree of consumer foresight. By contrast, under duopoly competition, a weakly-negative correlation between airport profits and consumer foresight is observed. These results allow to derive two main managerial implications. First, airport competition can lead to higher landing fees. Second, under competition, an airport is not necessarily interested in informing passengers about its retail facilities. However, an extension where airports decide whether to set an advertising campaign to inform passengers about their retail facilities reveals that they end up locked in a Prisoner’s Dilemma.</p></div>","PeriodicalId":45761,"journal":{"name":"Economics of Transportation","volume":"29 ","pages":"Article 100248"},"PeriodicalIF":2.8,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2212012221000514/pdfft?md5=9410e3dfb1a4167abf034b3bb95f2330&pid=1-s2.0-S2212012221000514-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49148835","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

A freeway to prosperity? Evidence from Calabria, South of Italy 通往繁荣的高速公路?来自意大利南部卡拉布里亚的证据

IF 2.8 3区工程技术

Economics of Transportation Pub Date : 2022-03-01 DOI: 10.1016/j.ecotra.2022.100250

Emanuele Ciani , Guido de Blasio , Samuele Poy

引用次数: 3