How Competition Delivers Positive Results in Transport : A Case Study
In this case study the government is initially the monopoly supplier of travel and freight service - by ferry, jetfoil, and airplane - between two islands. It then allows private operators to enter the industry. The first new operator revolutionize...
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| Format: | Viewpoint |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1997/12/441759/competition-delivers-positive-results-transport-case-study http://hdl.handle.net/10986/11564 |
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okr-10986-115642021-04-23T14:02:56Z How Competition Delivers Positive Results in Transport : A Case Study de Rus, Ginés TRAVEL FREIGHT MONOPOLIES AIR TRANSPORT SEA TRANSPORT FERRIES TRADE LIBERALIZATION LESSONS LEARNED MARKET STABILIZATION GROWTH PROMOTION BARRIERS TO ENTRY CONSUMERS' PREFERENCES AIR TRANSPORT AIR TRAVEL AIRCRAFT AIRLINE AIRPLANE AVERAGE COSTS BARRIERS TO ENTRY CARS CORRIDOR DEREGULATION DOMESTIC MARKETS DRIVING ELASTICITIES FARES FRAMEWORK FREIGHT FREIGHT TRANSPORT INFLATION MARGINAL COST MARKET EQUILIBRIUM MARKET SHARE MODES OF TRANSPORT MONOPOLIES NAVIGATION PASSENGER PASSENGERS PEAK HOURS PRICE COMPETITION PRICING STRATEGY RUSH HOUR TRAFFIC TRAFFIC COUNT TRANSPORT TRAVEL TIME TRIPS TRUCKS VANS VEHICLES WAITING TIME WAREHOUSES In this case study the government is initially the monopoly supplier of travel and freight service - by ferry, jetfoil, and airplane - between two islands. It then allows private operators to enter the industry. The first new operator revolutionizes the market, setting off a chain of events that lead to a fall in prices, enormous growth in the market, more varied and attractive services for passengers, and more efficient freight services for business. The experience shows both the dramatic effect of removing barriers to entry by new firms and how the different values consumers place on different kinds of travel time can create market opportunities not foreseen in the typical demand elasticities used by policy planners and forecasters. 2012-08-13T15:24:29Z 2012-08-13T15:24:29Z 1997-12 http://documents.worldbank.org/curated/en/1997/12/441759/competition-delivers-positive-results-transport-case-study http://hdl.handle.net/10986/11564 English Viewpoint: Public Policy for the Private Sector; Note No. 136 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research Europe and Central Asia Spain |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
TRAVEL FREIGHT MONOPOLIES AIR TRANSPORT SEA TRANSPORT FERRIES TRADE LIBERALIZATION LESSONS LEARNED MARKET STABILIZATION GROWTH PROMOTION BARRIERS TO ENTRY CONSUMERS' PREFERENCES AIR TRANSPORT AIR TRAVEL AIRCRAFT AIRLINE AIRPLANE AVERAGE COSTS BARRIERS TO ENTRY CARS CORRIDOR DEREGULATION DOMESTIC MARKETS DRIVING ELASTICITIES FARES FRAMEWORK FREIGHT FREIGHT TRANSPORT INFLATION MARGINAL COST MARKET EQUILIBRIUM MARKET SHARE MODES OF TRANSPORT MONOPOLIES NAVIGATION PASSENGER PASSENGERS PEAK HOURS PRICE COMPETITION PRICING STRATEGY RUSH HOUR TRAFFIC TRAFFIC COUNT TRANSPORT TRAVEL TIME TRIPS TRUCKS VANS VEHICLES WAITING TIME WAREHOUSES |
| spellingShingle |
TRAVEL FREIGHT MONOPOLIES AIR TRANSPORT SEA TRANSPORT FERRIES TRADE LIBERALIZATION LESSONS LEARNED MARKET STABILIZATION GROWTH PROMOTION BARRIERS TO ENTRY CONSUMERS' PREFERENCES AIR TRANSPORT AIR TRAVEL AIRCRAFT AIRLINE AIRPLANE AVERAGE COSTS BARRIERS TO ENTRY CARS CORRIDOR DEREGULATION DOMESTIC MARKETS DRIVING ELASTICITIES FARES FRAMEWORK FREIGHT FREIGHT TRANSPORT INFLATION MARGINAL COST MARKET EQUILIBRIUM MARKET SHARE MODES OF TRANSPORT MONOPOLIES NAVIGATION PASSENGER PASSENGERS PEAK HOURS PRICE COMPETITION PRICING STRATEGY RUSH HOUR TRAFFIC TRAFFIC COUNT TRANSPORT TRAVEL TIME TRIPS TRUCKS VANS VEHICLES WAITING TIME WAREHOUSES de Rus, Ginés How Competition Delivers Positive Results in Transport : A Case Study |
| geographic_facet |
Europe and Central Asia Spain |
| relation |
Viewpoint: Public Policy for the Private Sector; Note No. 136 |
| description |
In this case study the government is
initially the monopoly supplier of travel and freight
service - by ferry, jetfoil, and airplane - between two
islands. It then allows private operators to enter the
industry. The first new operator revolutionizes the market,
setting off a chain of events that lead to a fall in prices,
enormous growth in the market, more varied and attractive
services for passengers, and more efficient freight services
for business. The experience shows both the dramatic effect
of removing barriers to entry by new firms and how the
different values consumers place on different kinds of
travel time can create market opportunities not foreseen in
the typical demand elasticities used by policy planners and forecasters. |
| format |
Publications & Research :: Viewpoint |
| author |
de Rus, Ginés |
| author_facet |
de Rus, Ginés |
| author_sort |
de Rus, Ginés |
| title |
How Competition Delivers Positive Results in Transport : A Case Study |
| title_short |
How Competition Delivers Positive Results in Transport : A Case Study |
| title_full |
How Competition Delivers Positive Results in Transport : A Case Study |
| title_fullStr |
How Competition Delivers Positive Results in Transport : A Case Study |
| title_full_unstemmed |
How Competition Delivers Positive Results in Transport : A Case Study |
| title_sort |
how competition delivers positive results in transport : a case study |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1997/12/441759/competition-delivers-positive-results-transport-case-study http://hdl.handle.net/10986/11564 |
| _version_ |
1764417190143983616 |