Quality standards for passenger trains: Political majorities and environmental costs
This study analyzes the minimum quality standard set by the European Union (EU) through Regulation 1371/2007 of Rail Passengers' Rights and Obligations. A welfare maximizing quality standard raises quality and consumer satisfaction, but does not improve the modal split of rail transport. A minimum quality standard determined by political majorities may or may not increase welfare. However, all binding standards induce travelers to switch to transport modes with higher anthropogenic greenhouse gas emissions.
|Date of creation:||2010|
|Date of revision:|
|Contact details of provider:|| Postal: Pockelsstr. 14, D-38106 Braunschweig|
Web page: https://www.tu-braunschweig.de/vwl
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Leland, Hayne E, 1979. "Quacks, Lemons, and Licensing: A Theory of Minimum Quality Standards," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1328-46, December.
- David Besanko & Shabtai Donnenfeld & Lawrence J. White, 1987. "Monopoly and Quality Distortion: Effects and Remedies," The Quarterly Journal of Economics, Oxford University Press, vol. 102(4), pages 743-767.
- Hugh Sibly, 2009.
"The Determinants Of The Quantity-Quality Balance In Monopoly ,"
Australian Economic Papers,
Wiley Blackwell, vol. 48(1), pages 65-79, 03.
- Hugh Sibly, 2007. "The Determinants of the Quantity-Quality Balance in Monopoly," Working Papers 2511, University of Tasmania, Tasmanian School of Business and Economics.
- Mussa, Michael & Rosen, Sherwin, 1978. "Monopoly and product quality," Journal of Economic Theory, Elsevier, vol. 18(2), pages 301-317, August.
- A. Michael Spence, 1975. "Monopoly, Quality, and Regulation," Bell Journal of Economics, The RAND Corporation, vol. 6(2), pages 417-429, Autumn.
- Sieg, Gernot, 2010.
"Grandfather rights in the market for airport slots,"
Transportation Research Part B: Methodological,
Elsevier, vol. 44(1), pages 29-37, January.
- Sieg, Gernot, 2009. "Grandfather rights in the market for airport slots," Economics Department Working Paper Series 4, Technische Universität Braunschweig, Economics Department.
- Besanko, David & Donnenfeld, Shabtai & White, Lawrence J, 1988. "The Multiproduct Firm, Quality Choice, and Regulation," Journal of Industrial Economics, Wiley Blackwell, vol. 36(4), pages 411-29, June.
- Motta, Massimo, 1993. "Endogenous Quality Choice: Price vs. Quantity Competition," Journal of Industrial Economics, Wiley Blackwell, vol. 41(2), pages 113-31, June.
- David Sappington, 2005. "Regulating Service Quality: A Survey," Journal of Regulatory Economics, Springer, vol. 27(2), pages 123-154, November.
- Bhadra, Dipasis, 2009. "You (expect to) get what you pay for: A system approach to delay, fare, and complaints," Transportation Research Part A: Policy and Practice, Elsevier, vol. 43(9-10), pages 829-843, November.
- Irem Batool & Gernot Sieg, 2009.
"Bread and the attrition of power: Economic events and German election results,"
Springer, vol. 141(1), pages 151-165, October.
- Batool, Irem & Sieg, Gernot, 2009. "Bread, peace and the attrition of power: Economic events and German election results," Economics Department Working Paper Series 3, Technische Universität Braunschweig, Economics Department.
- Sheshinski, Eytan, 1976. "Price, Quality and Quantity Regulation in Monopoly Situations," Economica, London School of Economics and Political Science, vol. 43(17), pages 127-37, May.
When requesting a correction, please mention this item's handle: RePEc:zbw:tbswps:8. 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: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.