Intermodal Competition in The London-Paris Passenger Market: High-Speed Rail and Air Transport

Christiaan Behrens and Eric Pels
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Christiaan Behrens: VU University Amsterdam
Eric Pels: VU University Amsterdam

No 09-051/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This discussion paper has led to a publication in Journal of Urban Economics , 71(3), 278-88.

This paper studies inter- and intramodal competition in the London-Paris passenger market. Using revealed preference data, we estimate nested and mixed multinomial logit models to examine passenger behaviour in the London-Paris market. We present a case study on the relocation of Eurostar services from Waterloo International to St Pancras International station. The results show that competition is present in this market. Demand is elastic, and passengers are heterogeneous in their valuation of fares and accessibility. Aviation and high-speed rail are homogenous in unobserved effects. The large market share of the Eurostar and the withdrawal of aviation alternatives indicate that competition will decline in the long-run.

Keywords: inter- and intramodal competition; nested logit; mixed logit; aviation; rail (search for similar items in EconPapers)
JEL-codes: R40 R41 (search for similar items in EconPapers)
Date: 2009-06-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20090051

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