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ID 47405
file
creator
He, Bing
Ito, Takahiro
subject
High-speed rail
Market competition
Travel time
Difference in differences
JEL codes: R41
JEL codes: R48
abstract
When Japan National Railways (JNR) was privatized into six regionally monopolistic railway corporations in 1987, there emerged exceptional areas where the industrial structure of railway transportation happened to be duopolistic due to an operational reason. Leveraging on this natural experimental setting arising from the privatization of JNR, we estimate the impact of market competition on the service quality i.e., speed and scheduling of a high-speed rail (HSR) run by an oligopolistic service provider. The paper shows that the change in time costs is significantly lower in those segments where HSR is competing with a conventional rail, and that such effect is larger for the shorter-distance markets where the competition is presumably more intensive.
description
This work is partly supported by the Ministry of Education of Japan Grant-in-Aid for Scientific Research #24530295, 16K03628, 16H03610, 16H03673.
journal title
IDEC DP2 Series
volume
Volume 8
issue
Issue 7
start page
1
end page
16
date of issued
2018-07-17
publisher
広島大学大学院国際協力研究科
language
eng
nii type
Departmental Bulletin Paper
HU type
Departmental Bulletin Papers
DCMI type
text
format
application/pdf
text version
publisher
department
Graduate School for International Development and Cooperation
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