Impact of high-speed rail on market concentration and Lerner index in China's airline market |
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| Affiliation: | 1. TRYSE Research Group, University of Granada, Department of Civil Engineering, Severo Ochoa s/n, Granada 18071, Spain;2. University of Calabria, Department of Civil Engineering, P. Bucci, cubo 46/B, Rende (CS) 87036, Italy;1. School of Economics and Management, Chang''an University, Nan Er Huan Zhong Duan, Xi''an, 710064, PR China;2. Department of Economics, Abbottabad University of Science & Technology, Tehsil Havelian, District Abbottabad, khyber pakhtunkhwa, Pakistan;3. School of Printing and Packaging, Xi''an University of Technology, Xi''an, Shaanxi, PR China;1. College of Business Administration, Capital University of Economics and Business, 121 Zhangjiakou Street, Beijing, China;2. School of International Trade and Economics, University of International Business and Economics, 10 Huixindong Street, Beijing, China;3. School of Commerce, University of Southern Queensland, Toowoomba, Queensland, Australia |
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| 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. |
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| Keywords: | Airline competition High-speed rail Lerner index HHI |
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