The Use of a Consumer Survey to Determine the Relevant Market – Case Study for public transport between Prague and Most
The aim of this paper is to define a relevant market in the passenger transportation industry for the route between Prague and Most. A rising number of bus companies operating on this particular market suggests competition pressures. On the basis of European Commission legislation and its common pra...
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Online Access: | https://doi.org/10.1515/revecp-2016-0002 |
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doaj-690995d4c623412482b08b9d622800122021-09-05T14:00:15ZengSciendoReview of Economic Perspectives 1804-16632016-03-01161172810.1515/revecp-2016-0002revecp-2016-0002The Use of a Consumer Survey to Determine the Relevant Market – Case Study for public transport between Prague and MostKleinová Eliška0 Department of Economics, Faculty of Economics and Administration, Masaryk University, Brno, Czech Republic.The aim of this paper is to define a relevant market in the passenger transportation industry for the route between Prague and Most. A rising number of bus companies operating on this particular market suggests competition pressures. On the basis of European Commission legislation and its common practice we apply a demand-side substitution analysis in the form of the so called SSNIP test. Data for the empirical analysis were collected by means of a customer survey, which captured reactions to a 10% increase in the price of purchased tickets. The survey outcomes were then used to calculate an own price elasticity of demand and to carry out a critical loss analysis in order to define the relevant market.https://doi.org/10.1515/revecp-2016-0002transport economicsssnip testcritical loss analysisconsumer surveyr40 |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Kleinová Eliška |
spellingShingle |
Kleinová Eliška The Use of a Consumer Survey to Determine the Relevant Market – Case Study for public transport between Prague and Most Review of Economic Perspectives transport economics ssnip test critical loss analysis consumer survey r40 |
author_facet |
Kleinová Eliška |
author_sort |
Kleinová Eliška |
title |
The Use of a Consumer Survey to Determine the Relevant Market – Case Study for public transport between Prague and Most |
title_short |
The Use of a Consumer Survey to Determine the Relevant Market – Case Study for public transport between Prague and Most |
title_full |
The Use of a Consumer Survey to Determine the Relevant Market – Case Study for public transport between Prague and Most |
title_fullStr |
The Use of a Consumer Survey to Determine the Relevant Market – Case Study for public transport between Prague and Most |
title_full_unstemmed |
The Use of a Consumer Survey to Determine the Relevant Market – Case Study for public transport between Prague and Most |
title_sort |
use of a consumer survey to determine the relevant market – case study for public transport between prague and most |
publisher |
Sciendo |
series |
Review of Economic Perspectives |
issn |
1804-1663 |
publishDate |
2016-03-01 |
description |
The aim of this paper is to define a relevant market in the passenger transportation industry for the route between Prague and Most. A rising number of bus companies operating on this particular market suggests competition pressures. On the basis of European Commission legislation and its common practice we apply a demand-side substitution analysis in the form of the so called SSNIP test. Data for the empirical analysis were collected by means of a customer survey, which captured reactions to a 10% increase in the price of purchased tickets. The survey outcomes were then used to calculate an own price elasticity of demand and to carry out a critical loss analysis in order to define the relevant market. |
topic |
transport economics ssnip test critical loss analysis consumer survey r40 |
url |
https://doi.org/10.1515/revecp-2016-0002 |
work_keys_str_mv |
AT kleinovaeliska theuseofaconsumersurveytodeterminetherelevantmarketcasestudyforpublictransportbetweenpragueandmost AT kleinovaeliska useofaconsumersurveytodeterminetherelevantmarketcasestudyforpublictransportbetweenpragueandmost |
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