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Review of Economic Perspectives

Národohospodárský obzor; The Journal of Masaryk University

4 Issues per year


SCImago Journal Rank (SJR) 2015: 0.143
Source Normalized Impact per Paper (SNIP) 2015: 0.273
Impact per Publication (IPP) 2015: 0.121

Open Access
Online
ISSN
1804-1663
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Volume 16, Issue 1 (Mar 2016)

Issues

The Use of a Consumer Survey to Determine the Relevant Market – Case Study for public transport between Prague and Most

Eliška Kleinová
  • Department of Economics, Faculty of Economics and Administration, Masaryk University, Brno, Czech Republic.
  • Email:
Published Online: 2016-03-17 | DOI: https://doi.org/10.1515/revecp-2016-0002

Abstract

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.

Keywords: Transport Economics; SSNIP test; Critical loss analysis; Consumer survey

JEL Classification:: R40

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About the article

Received: 2015-06-17

Accepted: 2015-10-12

Published Online: 2016-03-17

Published in Print: 2016-03-01


Citation Information: Review of Economic Perspectives, ISSN (Online) 1804-1663, DOI: https://doi.org/10.1515/revecp-2016-0002. Export Citation

© 2016 Eliška Kleinová, published by De Gruyter Open. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License. (CC BY-NC-ND 3.0)

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