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Making Hay While the Sun Shines

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Author Info

  • Szymanski, Stefan

Abstract

This paper analyzes the pricing behavior of cross channel ferry companies in the eight-year period between awarding the Channel Tunnel franchise and the completion of the construction of the tunnel. The ferry companies appear to have 'made hay' by significantly increasing some published prices for car ferry journeys in real terms over the period. The paper presents a model of regulatory intervention that can account for increasing prices. Copyright 1996 by Blackwell Publishing Ltd.

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File URL: http://links.jstor.org/sici?sici=0022-1821%28199603%2944%3A1%3C1%3AMHWTSS%3E2.0.CO%3B2-O&origin=bc
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Bibliographic Info

Article provided by Wiley Blackwell in its journal Journal of Industrial Economics.

Volume (Year): 44 (1996)
Issue (Month): 1 (March)
Pages: 1-16

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Handle: RePEc:bla:jindec:v:44:y:1996:i:1:p:1-16

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-1821

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Web: http://www.blackwellpublishing.com/subs.asp?ref=0022-1821

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Cited by:
  1. Maria Bigoni & Marco Casari & Andrzej Skrzypacz & Giancarlo Spagnolo, 2011. "Time Horizon and Cooperation in Continuous Time," EIEF Working Papers Series 1116, Einaudi Institute for Economics and Finance (EIEF), revised Jan 2013.

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