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Review of Economic Perspectives

Národohospodárský obzor; The Journal of Masaryk University

4 Issues per year

CiteScore 2016: 0.50

SCImago Journal Rank (SJR) 2016: 0.262
Source Normalized Impact per Paper (SNIP) 2016: 0.516

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Volume 16, Issue 1


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

Eliška Kleinová
Published Online: 2016-03-17 | DOI: https://doi.org/10.1515/revecp-2016-0002


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, Volume 16, Issue 1, Pages 17–28, ISSN (Online) 1804-1663, DOI: https://doi.org/10.1515/revecp-2016-0002.

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

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