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Seminars

The Seventh Session of IEB Biweekly Forum

Publish Date: 2018/03/22 14:53:13    Hits:

Presenter:Changmin JIANG

Abstract:

This paper investigates cooperation between air transport and high-speed rail (HSR), with the air sector reimbursing air-HSR transfer passengers for their HSR tickets while the rail sector sharing revenue with the air sector to compensate for the reimbursement. The air-HSR cooperation facilitates forming a multiple-airports system (MAS). The conditions for reaching such an air-HSR cooperation, with either a competing or monopolized air sector in the MAS, are explored. We find that when the HSR operator is oriented to maximize social welfare, or when the air sectors are monopolized in the MAS, the air-HSR cooperation is more likely to arise. Furthermore, airport congestion has important implications on such air-HSR cooperation. Specifically, air-HSR revenue sharing is conducive to welfare improvement as it is more effective in diverting passengers from the capacity-constrained airport. However, when the air sectors are monopolized, their self-internalization of congestion may discourage HSR from engaging in the revenue sharing. We also find that improving connectivity of airport and HSR station may not always be welfare-enhancing with competing air sectors in the MAS. Finally, the Pareto efficient range of revenue sharing to achieve the air-HSR cooperation is identified.

Introduction:

Dr. Changmin Jiang is an assistant professor at the Asper School of Business, University of Manitoba, Canada. His research focuses mainly on the transportation economics, including the competition and cooperation among different transportation model (for example, civil aviation and high-speed rail), and the impact and regulation of transportation externality. He has published research articles on Transportation Research Part B: Methodological, Transportation Research Part A: Policy and Practice, Journal of Transport Economics and Policy, Journal of Business Ethics.

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