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Measuring market power of rail incumbents

Author

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  • Chini, Jakub
  • Špetík, Ondřej
  • Kvizda, Martin

Abstract

The aim of this article is to assess the market power of the state-owned incumbents within the open-access lines in Europe and compare it among themselves. This article investigates three open-access lines in Europe: Prague-Ostrava line (in the Czech Republic), Vienna-Salzburg line (in Austria) and Bratislava-Košice (in Slovakia). The market power assessment of each of the state-owned incumbents on these lines is based on their market shares, average revenues per passenger-kilometre, whether there is a vertical separation of the infrastructure owner and railway service provider and the role of state intervention. Our results show that the state-owned incumbent in the Czech Republic on the Prague-Ostrava line has the lowest market power in comparison to other investigated open-access lines.

Suggested Citation

  • Chini, Jakub & Špetík, Ondřej & Kvizda, Martin, 2024. "Measuring market power of rail incumbents," Research in Transportation Economics, Elsevier, vol. 103(C).
    • Handle: RePEc:eee:retrec:v:103:y:2024:i:c:s0739885923001129
    DOI: 10.1016/j.retrec.2023.101372
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    References listed on IDEAS

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    More about this item

    Keywords

    Competition in the market; Open-access; Assessment of market power; Dominant position; Liberalization;
    All these keywords.

    JEL classification:

    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • R49 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Other
    • L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation

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