Impact of high-speed rail on market concentration and Lerner index in China’s airline market
Article
Article Title | Impact of high-speed rail on market concentration and Lerner index in China’s airline market |
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ERA Journal ID | 19639 |
Article Category | Article |
Authors | Zhang, Qiong (Author), Yang, Hangjun (Author), Wang, Qiang (Author), Zhang, Anming (Author) and Zhang, Yahua (Author) |
Journal Title | Journal of Air Transport Management |
Journal Citation | 83, pp. 1-8 |
Article Number | 101755 |
Number of Pages | 8 |
Year | 2020 |
Publisher | Elsevier |
Place of Publication | United Kingdom |
ISSN | 0969-6997 |
1873-2089 | |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.jairtraman.2019.101755 |
Web Address (URL) | https://www.sciencedirect.com/science/article/pii/S0969699718304344 |
Abstract | China has become the second largest air transport market in the world since 2005. Its total length of high-speed rail (HSR) tracks in operation has been greater than that of all other countries combined since 2012. HSR poses a significant challenge to the Chinese airline industry, especially on major airline routes. The impacts of HSR on two market-competition measures, namely, the Herfindahl–Hirschman Index (HHI) and the Lerner index, are examined in this study. In general, the entry of HSR had the effect of reducing market power measured by both the unweighted and weighted Lerner indexes. However, the Lerner index and HHI of the routes with parallel HSR services remained consistently higher than those of the routes without parallel HSR services. |
Keywords | Airline competition; High-speed rail; Lerner index; HHI |
ANZSRC Field of Research 2020 | 350901. Air transportation and freight services |
380109. Industry economics and industrial organisation | |
380117. Transport economics | |
Byline Affiliations | Anhui Normal University, China |
University of International Business and Economics, China | |
University of British Columbia, Canada | |
School of Commerce | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q57x3/impact-of-high-speed-rail-on-market-concentration-and-lerner-index-in-china-s-airline-market
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