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Demand, business profitability and competitiveness in the cableway system: A multidimensional framework

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  • Ferrarese, Moreno
  • Loner, Enzo
  • Pulina, Manuela

Abstract

The paper provides a theoretical framework on demand for cableway system, business profitability and competitiveness between mountain areas, including novel elements such as on-line customer satisfaction. Through an in-depth literature review, three important theoretical constructs and core determinants have been identified and further validated by a Structural Equation Model (SEM) using continuous indicators either as observable variables or as latent variables. The results show that the cableway supply in the Italian Aosta Valley Region, as a case study representing the typical alpine biodiverse region, is based on a shade public intervention. The success of the cableway system depends mainly on a loyal segment of demand, on middle/high income and on multi-elastic prices policy. Furthermore, the results provide evidence of possible cooperative competition (or win-win co-opetition) amongst agents.

Suggested Citation

  • Ferrarese, Moreno & Loner, Enzo & Pulina, Manuela, 2021. "Demand, business profitability and competitiveness in the cableway system: A multidimensional framework," Research in Transportation Economics, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:retrec:v:90:y:2021:i:c:s0739885921000135
    DOI: 10.1016/j.retrec.2021.101041
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    Cited by:

    1. Morten Flesser & Bernhard Friedrich, 2022. "Are We Taking Off? A Critical Review of Urban Aerial Cable Cars as an Integrated Part of Sustainable Transport," Sustainability, MDPI, vol. 14(20), pages 1-22, October.

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    More about this item

    Keywords

    Demand; Supply and public intervention; Sustainability business; Alpine space biodiversity; Decision support system; SEM;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services

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