Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/102830
Title: Price competition within and between airlines and high-speed trains: the case of the Milan-Rome route
Author: Abrate, Graziano
Viglia, Giampaolo
Sánchez García, Javier
Forgas-Coll, Santiago
Keywords: Política de preus
Infraestructures (Transport)
Mètode comparatiu
Trens d'alta velocitat
Línies aèries
Prices policy
Transportation buildings
Comparative method
High speed trains
Airlines
Issue Date: Apr-2016
Publisher: IP Publishing
Abstract: In the travel industry high-speed trains and airlines are increasingly competing for passengers, and the diffusion of price optimization based on real time demand fluctuations poses new challenges in the analysis of price competition between operators. This paper presents an analysis of how different competitors simultaneously adjust their prices in the short run. The empirical model accounts for dynamic price variations, exploring both intramodal and intermodal price competition. The results, based on 12,506 price observations, show that intermodal competition presents some kind of asymmetric behaviour, with airlines reacting more than trains to competitors' price changes. The paper concludes with the implications of this heterogeneous behaviour for the tourism and travel industries.
Note: Reproducció del document publicat a: http://dx.doi.org/10.5367/te.2016.0549
It is part of: Tourism Economics, 2016, vol. 22, num. 2, p. 311-323
Related resource: http://dx.doi.org/10.5367/te.2016.0549
URI: http://hdl.handle.net/2445/102830
ISSN: 1354-8166
Appears in Collections:Articles publicats en revistes (Empresa)

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