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Intermodal Competition in The London-Paris Passenger Market: High-Speed Rail and Air Transport

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Author Info
Christiaan Behrens () (VU University Amsterdam)
Eric Pels () (VU University Amsterdam)

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Abstract

This paper studies inter- and intramodal competition in the London-Paris passenger market. Using revealed preference data, we estimate nested and mixed multinomial logit models to examine passenger behaviour in the London-Paris market. We present a case study on the relocation of Eurostar services from Waterloo International to St Pancras International station. The results show that competition is present in this market. Demand is elastic, and passengers are heterogeneous in their valuation of fares and accessibility. Aviation and high-speed rail are homogenous in unobserved effects. The large market share of the Eurostar and the withdrawal of aviation alternatives indicate that competition will decline in the long-run.

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Publisher Info
Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 09-051/3.

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Date of creation: 08 Jun 2009
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Handle: RePEc:dgr:uvatin:20090051

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Web page: http://www.tinbergen.nl/

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Related research
Keywords: inter- and intramodal competition; nested logit; mixed logit; aviation; rail;

Find related papers by JEL classification:
R40 - Urban, Rural, and Regional Economics - - Transportation Systems - - - General
R41 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Transportation: Demand, Supply, and Congestion

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This page was last updated on 2009-12-3.

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