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The Use of a Consumer Survey to Determine the Relevant Market – Case Study for public transport between Prague and Most


  • Kleinová Eliška

    () (Department of Economics, Faculty of Economics and Administration, Masaryk University, Brno, Czech Republic.)


The aim of this paper is to define a relevant market in the passenger transportation industry for the route between Prague and Most. A rising number of bus companies operating on this particular market suggests competition pressures. On the basis of European Commission legislation and its common practice we apply a demand-side substitution analysis in the form of the so called SSNIP test. Data for the empirical analysis were collected by means of a customer survey, which captured reactions to a 10% increase in the price of purchased tickets. The survey outcomes were then used to calculate an own price elasticity of demand and to carry out a critical loss analysis in order to define the relevant market.

Suggested Citation

  • Kleinová Eliška, 2016. "The Use of a Consumer Survey to Determine the Relevant Market – Case Study for public transport between Prague and Most," Review of Economic Perspectives, De Gruyter Open, vol. 16(1), pages 17-28, March.
  • Handle: RePEc:vrs:reoecp:v:16:y:2016:i:1:p:17-28:n:2

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    References listed on IDEAS

    1. Kolasa, Marcin, 2009. "Structural heterogeneity or asymmetric shocks? Poland and the euro area through the lens of a two-country DSGE model," Economic Modelling, Elsevier, vol. 26(6), pages 1245-1269, November.
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    3. Laurence M. Ball, 2013. "The Case for Four Percent Inflation," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 13(2), pages 17-31.
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    5. Martin SLANICAY, 2013. "Business Cycle Synchronization through the Lens of a DSGE Model," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 63(2), pages 180-196, May.
    6. Gust, Christopher J. & Lopez-Salido, J. David & Smith, Matthew E. & Herbst, Edward, 2012. "The Empirical Implications of the Interest-Rate Lower Bound," Finance and Economics Discussion Series 2012-83, Board of Governors of the Federal Reserve System (U.S.), revised Jan 2016.
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