The Impact of Market Competition on High-Speed Rail Service Quality: Does Monopoly Slow Down a Bullet Train?
IDEC DP2 Series Volume 8 Issue 7
Page 1-16
published_at 2018-07-17
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この文献の参照には次のURLをご利用ください : https://doi.org/10.15027/47405
| File | |
| Title ( eng ) |
The Impact of Market Competition on High-Speed Rail Service Quality: Does Monopoly Slow Down a Bullet Train?
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| Creator |
He Bing
Ito Takahiro
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| Source Title |
IDEC DP2 Series
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| Volume | 8 |
| Issue | 7 |
| Start Page | 1 |
| End Page | 16 |
| 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.
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| Keywords |
High-speed rail
Market competition
Travel time
Difference in differences
JEL codes: R41
JEL codes: R48
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| Descriptions |
This work is partly supported by the Ministry of Education of Japan Grant-in-Aid for Scientific Research #24530295, 16K03628, 16H03610, 16H03673.
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| Language |
eng
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| Resource Type | departmental bulletin paper |
| Publisher |
広島大学大学院国際協力研究科
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| Date of Issued | 2018-07-17 |
| Publish Type | Version of Record |
| Access Rights | open access |
