TY - JOUR
T1 - The impact of high speed rail on airport competition
AU - Terpstra, I.
AU - Lijesen, M.G.
N1 - Volume 106, Issue 3, pages 263–275, July 2015
PY - 2015
Y1 - 2015
N2 - We study the effects of introducing a high speed train connection on competition between airports, focusing on the new HST-link between Amsterdam and Brussels. We conduct a detailed analysis regarding the airport choice of passengers living in the Netherlands, Belgium, Luxembourg, Northern France and Western Germany. We compare the results with Spain, where a high speed train between Madrid and Barcelona has recently been inaugurated. We estimate a multinomial logit model of airport choice and predict future market shares, based on access time, frequency, average fare and airport specific constants. Direct and cross-elasticities are calculated and finally future market shares are predicted, incorporating changes in access time due to the introduction of the high speed train. We find that the introduction of a high speed train connection benefits the airport with the higher level of service most. This is in line with general economic reasoning that stronger suppliers benefit more from increased competition.
AB - We study the effects of introducing a high speed train connection on competition between airports, focusing on the new HST-link between Amsterdam and Brussels. We conduct a detailed analysis regarding the airport choice of passengers living in the Netherlands, Belgium, Luxembourg, Northern France and Western Germany. We compare the results with Spain, where a high speed train between Madrid and Barcelona has recently been inaugurated. We estimate a multinomial logit model of airport choice and predict future market shares, based on access time, frequency, average fare and airport specific constants. Direct and cross-elasticities are calculated and finally future market shares are predicted, incorporating changes in access time due to the introduction of the high speed train. We find that the introduction of a high speed train connection benefits the airport with the higher level of service most. This is in line with general economic reasoning that stronger suppliers benefit more from increased competition.
U2 - 10.1111/tesg.12103
DO - 10.1111/tesg.12103
M3 - Article
SN - 0040-747X
VL - 106
SP - 263
EP - 275
JO - Tijdschrift voor Economische en Sociale Geografie
JF - Tijdschrift voor Economische en Sociale Geografie
IS - 3
ER -