This paper investigates the effects of different forms of price regulation on airport efficiency. Our investigation takes into account the interaction between concession profits and price regulations. Our results show that while ROR regulation may lead to over-investment in capacity, price-cap...

This article analyses the potential of the high speed train to compete with the airline market. The context proposed is hypothetical, given that the high speed train alternative is not yet available on the route subject to research. In order to model passenger preferences relative to the...

This paper examines the possibilities for improving the performance and increasing the capacity of China's railroad system through the introduction of competition. Countries throughout the world are in the process of abandoning the centralised, monopoly, state-owned model of the railway in...

The estimation of a freight transport demand function using a Conditional Logit model has emphasised the role of cost, transit time, and frequency of shipments as determinants of mode choice. Interviews with exporting firms, freight forwarders, and other transport firms were conducted and data...

This paper derives the exact distribution of productivity growth, using Monte Carlo simulation methods, and explores in detail how the productivity growth distribution shifts as a result of changes in input prices and output. In an empirical application to the cost structure of ten European...

The mixed logit model provides a framework for studying discrete choice that avoids the Independence of Irrelevant Alternatives problem of standard logit, permits coefficients to vary over a population, and allows for the incorporation of unobserved heterogeneity into preferences. Recent...