Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 庄太量教授 (经济学系) |
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Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/0Scopus source URL
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摘要Conventional studies on the pricing of bus services use the cost structure to explain bus fares. In this paper, a hedonic pricing model for bus services in Hong Kong is estimated. The contributions of cost and market factors are uncovered. It is found that the cost factors dominate the determination of bus fares. In contrast to our expectation, bus fares do not react to competition faced by bus companies. Moreover, except the three cross-harbour tunnels, the bus fare has no direct relationship with the tolls of other tunnels. Our model serves well as a reference tool for bus companies to set market-acceptable bus fares.
着者Chong T.T.-L., Fung A., Lee W.-T., Man K.-L.
期刊名称Economics Bulletin
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/0http://aims.cuhk.edu.hk/converis/portal/Publication/09
月份12
日期1
卷号29
期次2
出版社Economics Bulletin
出版地United States
页次63http://aims.cuhk.edu.hk/converis/portal/Publication/0 - 637
国际标準期刊号1545-2921
语言英式英语
