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Imperfect competition in a network industry: The case of the European rail freight market

Author

Listed:
  • Florent Laroche

    (LAET - Laboratoire Aménagement Économie Transports - UL2 - Université Lumière - Lyon 2 - ENTPE - École Nationale des Travaux Publics de l'État - CNRS - Centre National de la Recherche Scientifique)

  • Christa Sys

    (BNP Paribas Fortis chair on transport, logistics and ports)

  • Thierry Vanelslander

    (Department of Transport and Regional Economics - UA - University of Antwerp)

  • Eddy van de Voorde

    (Department of Transport and Regional Economics - UA - University of Antwerp)

Abstract

Purpose: This paper opts for a time varying approach to measure the competition on the European rail freight sector according to two questions: what is the current level of competition and how is this expected to evolve in the long run? Approach: A firm-level dynamic panel estimates the persistence of profit in the European rail freight sector. Main findings: The persistence of profits shows a high degree of competition in the short run but imperfect in the long run due to the existence of barriers on the market. Secondly, the ratio between capital and labour cost is calculated. It indicates moderate economies of scale. Originality:Knowledge about this new market and the dynamics are limited in the academic literature. The research is relevant for the policy makers to monitor the rail freight market and to harmonise the practices between network managers to improve the European single market.

Suggested Citation

  • Florent Laroche & Christa Sys & Thierry Vanelslander & Eddy van de Voorde, 2017. "Imperfect competition in a network industry: The case of the European rail freight market," Post-Print halshs-01655013, HAL.
    • Handle: RePEc:hal:journl:halshs-01655013
    DOI: 10.1016/j.tranpol.2017.04.014
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01655013
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    Citations

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    Cited by:

    1. Branislav Bošković & Mirjana Bugarinović & Gordana Savić & Ratko Djuričić, 2021. "Challenges of Track Access Charges Model Redesign," Sustainability, MDPI, vol. 13(24), pages 1-14, December.
    2. Petr Fiala, 2022. "Modelling and analysis of co-opetition in network industries by biform games," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 30(2), pages 647-665, June.
    3. Patrice Bougette & Axel Gautier & Frédéric Marty, 2021. "Which access to which assets for an effective liberalization of the railway sector?," Competition and Regulation in Network Industries, , vol. 22(2), pages 87-110, June.
    4. Florent Laroche & Ayana Lamatkhanova, 2020. "Effects of open access competition on prices and frequencies on the interurban railway market: evidence from Europe," Working Papers halshs-02930864, HAL.
    5. Florent Laroche & Ayana Lamatkhanova, 2021. "Effects of open access competition on prices and frequencies on the interurban railway market: evidence from Europe," Post-Print halshs-02930864, HAL.
    6. Marzano, Vittorio & Tocchi, Daniela & Papola, Andrea & Aponte, Dario & Simonelli, Fulvio & Cascetta, Ennio, 2018. "Incentives to freight railway undertakings compensating for infrastructural gaps: Methodology and practical application to Italy," Transportation Research Part A: Policy and Practice, Elsevier, vol. 110(C), pages 177-188.

    More about this item

    Keywords

    Single market; Persistence of profits; Rail freight; barriers; competition; persistence of profit;
    All these keywords.

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