{"title":"多家提供全面服务的运营商和低成本运营商之间的高速铁路竞争对西班牙较不拥堵走廊的价格影响","authors":"","doi":"10.1016/j.tranpol.2024.07.013","DOIUrl":null,"url":null,"abstract":"<div><p>The Spanish passenger railway market saw the entrance of two competitors in 2022–2023: the full-service operator Iryo and the low-cost operator Ouigo. Using a unique dataset of Spanish ticket price collected throughout an entire year and the Diff-In-Diff method, this paper investigates the impact on incumbent's prices of newcomers' entrance on the less congested corridors Madrid - Alicante and Madrid - Malaga/Sevilla.</p><p>The Spanish government's strategy seems to be successful: the decision to lead the liberalisation process and the choice of having up to three asymmetric competitors induced a significant decrease in price even on the less attractive corridors, stimulating the demand and addressing the problem of under-utilization of some high-speed infrastructure. The results show that prices decreased by 28%–30% after nine months of competition. The impact has been the same on both the analysed corridors, despite the competition environment has been different in terms of number of competitors, pricing strategy and market share of those.</p></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":null,"pages":null},"PeriodicalIF":6.3000,"publicationDate":"2024-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0967070X24002099/pdfft?md5=4e11d6b911c563a8592b2afc9018e25f&pid=1-s2.0-S0967070X24002099-main.pdf","citationCount":"0","resultStr":"{\"title\":\"Price impact of high-speed rail competition between multiple full-service and low-cost operators on less congested corridors in Spain\",\"authors\":\"\",\"doi\":\"10.1016/j.tranpol.2024.07.013\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>The Spanish passenger railway market saw the entrance of two competitors in 2022–2023: the full-service operator Iryo and the low-cost operator Ouigo. Using a unique dataset of Spanish ticket price collected throughout an entire year and the Diff-In-Diff method, this paper investigates the impact on incumbent's prices of newcomers' entrance on the less congested corridors Madrid - Alicante and Madrid - Malaga/Sevilla.</p><p>The Spanish government's strategy seems to be successful: the decision to lead the liberalisation process and the choice of having up to three asymmetric competitors induced a significant decrease in price even on the less attractive corridors, stimulating the demand and addressing the problem of under-utilization of some high-speed infrastructure. The results show that prices decreased by 28%–30% after nine months of competition. The impact has been the same on both the analysed corridors, despite the competition environment has been different in terms of number of competitors, pricing strategy and market share of those.</p></div>\",\"PeriodicalId\":48378,\"journal\":{\"name\":\"Transport Policy\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":6.3000,\"publicationDate\":\"2024-07-16\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://www.sciencedirect.com/science/article/pii/S0967070X24002099/pdfft?md5=4e11d6b911c563a8592b2afc9018e25f&pid=1-s2.0-S0967070X24002099-main.pdf\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Transport Policy\",\"FirstCategoryId\":\"5\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0967070X24002099\",\"RegionNum\":2,\"RegionCategory\":\"工程技术\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Transport Policy","FirstCategoryId":"5","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0967070X24002099","RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
Price impact of high-speed rail competition between multiple full-service and low-cost operators on less congested corridors in Spain
The Spanish passenger railway market saw the entrance of two competitors in 2022–2023: the full-service operator Iryo and the low-cost operator Ouigo. Using a unique dataset of Spanish ticket price collected throughout an entire year and the Diff-In-Diff method, this paper investigates the impact on incumbent's prices of newcomers' entrance on the less congested corridors Madrid - Alicante and Madrid - Malaga/Sevilla.
The Spanish government's strategy seems to be successful: the decision to lead the liberalisation process and the choice of having up to three asymmetric competitors induced a significant decrease in price even on the less attractive corridors, stimulating the demand and addressing the problem of under-utilization of some high-speed infrastructure. The results show that prices decreased by 28%–30% after nine months of competition. The impact has been the same on both the analysed corridors, despite the competition environment has been different in terms of number of competitors, pricing strategy and market share of those.
期刊介绍:
Transport Policy is an international journal aimed at bridging the gap between theory and practice in transport. Its subject areas reflect the concerns of policymakers in government, industry, voluntary organisations and the public at large, providing independent, original and rigorous analysis to understand how policy decisions have been taken, monitor their effects, and suggest how they may be improved. The journal treats the transport sector comprehensively, and in the context of other sectors including energy, housing, industry and planning. All modes are covered: land, sea and air; road and rail; public and private; motorised and non-motorised; passenger and freight.