|Table of Contents|

Industrial organization and market efficiency for the passenger transport(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2009年03期
Page:
15-20
Research Field:
交通运输
Publishing date:
2009-09-20

Info

Title:
Industrial organization and market efficiency for the passenger transport
Author(s):
WANG Yu;  WU Qun-qi
School of Economics and Management, Chang'an University,Xi'an 710064, Shaanxi, China
Keywords:
institutional change;  partnership based on individual vehicle;  transaction cost;  competitive failure
PACS:
F016
DOI:
-
Abstract:
To study the relationship between passenger transport change and the market efficiency, the paper, based on the theories of industry and institution change, analyzes the causes of “competitive market failure” of the long-distance passenger market and the change of industrial organization. The results show that after the failure of the first change, requiring the owner of the vehicle to depart one by one, the second change, partnership based on individual vehicle, overcomes the “prisoner's dilemma” of first change. With the industry organization change, the market structure transformes from competition to monopoly, which results in the change of market efficiency. The efficiency requires the trade-off between correcting “competitive market failure” and reducing welfare caused by monopoly.

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Memo

Memo:
-
Last Update: 2009-09-20