Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86733
Authors: 
Behrens, Christiaan
Pels, Eric
Year of Publication: 
2009
Series/Report no.: 
Tinbergen Institute Discussion Paper 09-051/3
Abstract: 
This paper studies inter- and intramodal competition in the London-Paris passenger market. Using revealed preference data, we estimate nested and mixed multinomial logit models to examine passenger behaviour in the London-Paris market. We present a case study on the relocation of Eurostar services from Waterloo International to St Pancras International station. The results show that competition is present in this market. Demand is elastic, and passengers are heterogeneous in their valuation of fares and accessibility. Aviation and high-speed rail are homogenous in unobserved effects. The large market share of the Eurostar and the withdrawal of aviation alternatives indicate that competition will decline in the long-run.
Subjects: 
inter- and intramodal competition
nested logit
mixed logit
aviation
rail
JEL: 
R40
R41
Document Type: 
Working Paper

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