Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/179846 
Year of Publication: 
2016
Citation: 
[Journal:] Review of Economic Perspectives [ISSN:] 1804-1663 [Volume:] 16 [Issue:] 1 [Publisher:] De Gruyter [Place:] Warsaw [Year:] 2016 [Pages:] 17-28
Publisher: 
De Gruyter, Warsaw
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.
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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