A network bypass model of cook strait ferries
This paper investigates whether or not deregulation and privatization lead to an increase in welfare for the narrowly defined market of ferry passenger service across Cook Strait, New Zealand. The model investigates the relationship between price competition, product differentiation and the duplication of fixed costs. We argue that high post entry prices are best interpreted as a symptom of product differentiation rather than collusion. A justification for deregulation and privatization that does not depend on regulatory failure is provided.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 40 (2006)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RNZP20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RNZP20|
When requesting a correction, please mention this item's handle: RePEc:taf:nzecpp:v:40:y:2006:i:1:p:7-22. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.