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

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  • Kleinová Eliška

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

Abstract

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, Sciendo, 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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