Airline reactions to high-speed rail entry: Rail quality and market structure

Airfare reduction is proposed by a theoretical paper to be a possible source of observed air traffic increase in some markets where high-speed rail (HSR) enters and competes with airlines. This paper aims to empirically test whether and to what extent the air traffic impact is channeled by the adjus...
Ausführliche Beschreibung

Gespeichert in:

Autor*in:	Gu, Hongyi [verfasserIn] Wan, Yulai [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2022

Schlagwörter:	Air-rail competition Airfare High-speed rail quality Market structure Intermodal transport China

Übergeordnetes Werk:	Enthalten in: Transportation research / A - Amsterdam [u.a.] : Elsevier Science, 1979, 165, Seite 511-532
Übergeordnetes Werk:	volume:165 ; pages:511-532

DOI / URN:	10.1016/j.tra.2022.09.016

Katalog-ID:	ELV008723354

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520			\|a Airfare reduction is proposed by a theoretical paper to be a possible source of observed air traffic increase in some markets where high-speed rail (HSR) enters and competes with airlines. This paper aims to empirically test whether and to what extent the air traffic impact is channeled by the adjustment in airfares. To understand the varying empirical results found in the literature, we examine heterogeneous airline responses in traffic and airfare in relation to HSR qualities measured by HSR-air travel time difference and pre-entry market structure of airline as well as decompose HSR impacts into competition, feeding and long-term effects. Using a panel dataset of Chinese air routes, we find that airfare adjustment plays crucial roles in channeling HSR’s air traffic impact. Our estimation suggests that HSR introduced over 16.5 million additional passengers to the sampled air routes in our study period, generating 2.17 million tons of extra CO2 emissions from air flights. However, these numbers would increase to 32.2 million additional passengers and 3.4 million tons of extra CO2 emissions after removing the price adjustment.
650		4	\|a Air-rail competition
650		4	\|a Airfare
650		4	\|a High-speed rail quality
650		4	\|a Market structure
650		4	\|a Intermodal transport
650		4	\|a China
700	1		\|a Wan, Yulai \|e verfasserin \|4 aut
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allfields	10.1016/j.tra.2022.09.016 doi (DE-627)ELV008723354 (ELSEVIER)S0965-8564(22)00252-X DE-627 ger DE-627 rda eng 380 DE-600 55.80 bkl 74.75 bkl Gu, Hongyi verfasserin aut Airline reactions to high-speed rail entry: Rail quality and market structure 2022 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Airfare reduction is proposed by a theoretical paper to be a possible source of observed air traffic increase in some markets where high-speed rail (HSR) enters and competes with airlines. This paper aims to empirically test whether and to what extent the air traffic impact is channeled by the adjustment in airfares. To understand the varying empirical results found in the literature, we examine heterogeneous airline responses in traffic and airfare in relation to HSR qualities measured by HSR-air travel time difference and pre-entry market structure of airline as well as decompose HSR impacts into competition, feeding and long-term effects. Using a panel dataset of Chinese air routes, we find that airfare adjustment plays crucial roles in channeling HSR’s air traffic impact. Our estimation suggests that HSR introduced over 16.5 million additional passengers to the sampled air routes in our study period, generating 2.17 million tons of extra CO2 emissions from air flights. However, these numbers would increase to 32.2 million additional passengers and 3.4 million tons of extra CO2 emissions after removing the price adjustment. Air-rail competition Airfare High-speed rail quality Market structure Intermodal transport China Wan, Yulai verfasserin aut Enthalten in Transportation research / A Amsterdam [u.a.] : Elsevier Science, 1979 165, Seite 511-532 Online-Ressource (DE-627)320532046 (DE-600)2015887-7 (DE-576)099210908 nnns volume:165 pages:511-532 GBV_USEFLAG_U SYSFLAG_U GBV_ELV SSG-OPC-GGO GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_224 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2336 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4313 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4393 55.80 Verkehrswesen Transportwesen: Allgemeines 74.75 Verkehrsplanung Verkehrspolitik AR 165 511-532
spelling	10.1016/j.tra.2022.09.016 doi (DE-627)ELV008723354 (ELSEVIER)S0965-8564(22)00252-X DE-627 ger DE-627 rda eng 380 DE-600 55.80 bkl 74.75 bkl Gu, Hongyi verfasserin aut Airline reactions to high-speed rail entry: Rail quality and market structure 2022 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Airfare reduction is proposed by a theoretical paper to be a possible source of observed air traffic increase in some markets where high-speed rail (HSR) enters and competes with airlines. This paper aims to empirically test whether and to what extent the air traffic impact is channeled by the adjustment in airfares. To understand the varying empirical results found in the literature, we examine heterogeneous airline responses in traffic and airfare in relation to HSR qualities measured by HSR-air travel time difference and pre-entry market structure of airline as well as decompose HSR impacts into competition, feeding and long-term effects. Using a panel dataset of Chinese air routes, we find that airfare adjustment plays crucial roles in channeling HSR’s air traffic impact. Our estimation suggests that HSR introduced over 16.5 million additional passengers to the sampled air routes in our study period, generating 2.17 million tons of extra CO2 emissions from air flights. However, these numbers would increase to 32.2 million additional passengers and 3.4 million tons of extra CO2 emissions after removing the price adjustment. Air-rail competition Airfare High-speed rail quality Market structure Intermodal transport China Wan, Yulai verfasserin aut Enthalten in Transportation research / A Amsterdam [u.a.] : Elsevier Science, 1979 165, Seite 511-532 Online-Ressource (DE-627)320532046 (DE-600)2015887-7 (DE-576)099210908 nnns volume:165 pages:511-532 GBV_USEFLAG_U SYSFLAG_U GBV_ELV SSG-OPC-GGO GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_224 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2336 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4313 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4393 55.80 Verkehrswesen Transportwesen: Allgemeines 74.75 Verkehrsplanung Verkehrspolitik AR 165 511-532
allfields_unstemmed	10.1016/j.tra.2022.09.016 doi (DE-627)ELV008723354 (ELSEVIER)S0965-8564(22)00252-X DE-627 ger DE-627 rda eng 380 DE-600 55.80 bkl 74.75 bkl Gu, Hongyi verfasserin aut Airline reactions to high-speed rail entry: Rail quality and market structure 2022 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Airfare reduction is proposed by a theoretical paper to be a possible source of observed air traffic increase in some markets where high-speed rail (HSR) enters and competes with airlines. This paper aims to empirically test whether and to what extent the air traffic impact is channeled by the adjustment in airfares. To understand the varying empirical results found in the literature, we examine heterogeneous airline responses in traffic and airfare in relation to HSR qualities measured by HSR-air travel time difference and pre-entry market structure of airline as well as decompose HSR impacts into competition, feeding and long-term effects. Using a panel dataset of Chinese air routes, we find that airfare adjustment plays crucial roles in channeling HSR’s air traffic impact. Our estimation suggests that HSR introduced over 16.5 million additional passengers to the sampled air routes in our study period, generating 2.17 million tons of extra CO2 emissions from air flights. However, these numbers would increase to 32.2 million additional passengers and 3.4 million tons of extra CO2 emissions after removing the price adjustment. Air-rail competition Airfare High-speed rail quality Market structure Intermodal transport China Wan, Yulai verfasserin aut Enthalten in Transportation research / A Amsterdam [u.a.] : Elsevier Science, 1979 165, Seite 511-532 Online-Ressource (DE-627)320532046 (DE-600)2015887-7 (DE-576)099210908 nnns volume:165 pages:511-532 GBV_USEFLAG_U SYSFLAG_U GBV_ELV SSG-OPC-GGO GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_224 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2336 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4313 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4393 55.80 Verkehrswesen Transportwesen: Allgemeines 74.75 Verkehrsplanung Verkehrspolitik AR 165 511-532
allfieldsGer	10.1016/j.tra.2022.09.016 doi (DE-627)ELV008723354 (ELSEVIER)S0965-8564(22)00252-X DE-627 ger DE-627 rda eng 380 DE-600 55.80 bkl 74.75 bkl Gu, Hongyi verfasserin aut Airline reactions to high-speed rail entry: Rail quality and market structure 2022 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Airfare reduction is proposed by a theoretical paper to be a possible source of observed air traffic increase in some markets where high-speed rail (HSR) enters and competes with airlines. This paper aims to empirically test whether and to what extent the air traffic impact is channeled by the adjustment in airfares. To understand the varying empirical results found in the literature, we examine heterogeneous airline responses in traffic and airfare in relation to HSR qualities measured by HSR-air travel time difference and pre-entry market structure of airline as well as decompose HSR impacts into competition, feeding and long-term effects. Using a panel dataset of Chinese air routes, we find that airfare adjustment plays crucial roles in channeling HSR’s air traffic impact. Our estimation suggests that HSR introduced over 16.5 million additional passengers to the sampled air routes in our study period, generating 2.17 million tons of extra CO2 emissions from air flights. However, these numbers would increase to 32.2 million additional passengers and 3.4 million tons of extra CO2 emissions after removing the price adjustment. Air-rail competition Airfare High-speed rail quality Market structure Intermodal transport China Wan, Yulai verfasserin aut Enthalten in Transportation research / A Amsterdam [u.a.] : Elsevier Science, 1979 165, Seite 511-532 Online-Ressource (DE-627)320532046 (DE-600)2015887-7 (DE-576)099210908 nnns volume:165 pages:511-532 GBV_USEFLAG_U SYSFLAG_U GBV_ELV SSG-OPC-GGO GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_224 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2336 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4313 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4393 55.80 Verkehrswesen Transportwesen: Allgemeines 74.75 Verkehrsplanung Verkehrspolitik AR 165 511-532
allfieldsSound	10.1016/j.tra.2022.09.016 doi (DE-627)ELV008723354 (ELSEVIER)S0965-8564(22)00252-X DE-627 ger DE-627 rda eng 380 DE-600 55.80 bkl 74.75 bkl Gu, Hongyi verfasserin aut Airline reactions to high-speed rail entry: Rail quality and market structure 2022 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Airfare reduction is proposed by a theoretical paper to be a possible source of observed air traffic increase in some markets where high-speed rail (HSR) enters and competes with airlines. This paper aims to empirically test whether and to what extent the air traffic impact is channeled by the adjustment in airfares. To understand the varying empirical results found in the literature, we examine heterogeneous airline responses in traffic and airfare in relation to HSR qualities measured by HSR-air travel time difference and pre-entry market structure of airline as well as decompose HSR impacts into competition, feeding and long-term effects. Using a panel dataset of Chinese air routes, we find that airfare adjustment plays crucial roles in channeling HSR’s air traffic impact. Our estimation suggests that HSR introduced over 16.5 million additional passengers to the sampled air routes in our study period, generating 2.17 million tons of extra CO2 emissions from air flights. However, these numbers would increase to 32.2 million additional passengers and 3.4 million tons of extra CO2 emissions after removing the price adjustment. Air-rail competition Airfare High-speed rail quality Market structure Intermodal transport China Wan, Yulai verfasserin aut Enthalten in Transportation research / A Amsterdam [u.a.] : Elsevier Science, 1979 165, Seite 511-532 Online-Ressource (DE-627)320532046 (DE-600)2015887-7 (DE-576)099210908 nnns volume:165 pages:511-532 GBV_USEFLAG_U SYSFLAG_U GBV_ELV SSG-OPC-GGO GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_224 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2038 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2118 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2336 GBV_ILN_2507 GBV_ILN_2522 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4313 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4393 55.80 Verkehrswesen Transportwesen: Allgemeines 74.75 Verkehrsplanung Verkehrspolitik AR 165 511-532
language	English
source	Enthalten in Transportation research / A 165, Seite 511-532 volume:165 pages:511-532
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author	Gu, Hongyi
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title_full	Airline reactions to high-speed rail entry: Rail quality and market structure
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title_sort	airline reactions to high-speed rail entry: rail quality and market structure
title_auth	Airline reactions to high-speed rail entry: Rail quality and market structure
abstract	Airfare reduction is proposed by a theoretical paper to be a possible source of observed air traffic increase in some markets where high-speed rail (HSR) enters and competes with airlines. This paper aims to empirically test whether and to what extent the air traffic impact is channeled by the adjustment in airfares. To understand the varying empirical results found in the literature, we examine heterogeneous airline responses in traffic and airfare in relation to HSR qualities measured by HSR-air travel time difference and pre-entry market structure of airline as well as decompose HSR impacts into competition, feeding and long-term effects. Using a panel dataset of Chinese air routes, we find that airfare adjustment plays crucial roles in channeling HSR’s air traffic impact. Our estimation suggests that HSR introduced over 16.5 million additional passengers to the sampled air routes in our study period, generating 2.17 million tons of extra CO2 emissions from air flights. However, these numbers would increase to 32.2 million additional passengers and 3.4 million tons of extra CO2 emissions after removing the price adjustment.
abstractGer	Airfare reduction is proposed by a theoretical paper to be a possible source of observed air traffic increase in some markets where high-speed rail (HSR) enters and competes with airlines. This paper aims to empirically test whether and to what extent the air traffic impact is channeled by the adjustment in airfares. To understand the varying empirical results found in the literature, we examine heterogeneous airline responses in traffic and airfare in relation to HSR qualities measured by HSR-air travel time difference and pre-entry market structure of airline as well as decompose HSR impacts into competition, feeding and long-term effects. Using a panel dataset of Chinese air routes, we find that airfare adjustment plays crucial roles in channeling HSR’s air traffic impact. Our estimation suggests that HSR introduced over 16.5 million additional passengers to the sampled air routes in our study period, generating 2.17 million tons of extra CO2 emissions from air flights. However, these numbers would increase to 32.2 million additional passengers and 3.4 million tons of extra CO2 emissions after removing the price adjustment.
abstract_unstemmed	Airfare reduction is proposed by a theoretical paper to be a possible source of observed air traffic increase in some markets where high-speed rail (HSR) enters and competes with airlines. This paper aims to empirically test whether and to what extent the air traffic impact is channeled by the adjustment in airfares. To understand the varying empirical results found in the literature, we examine heterogeneous airline responses in traffic and airfare in relation to HSR qualities measured by HSR-air travel time difference and pre-entry market structure of airline as well as decompose HSR impacts into competition, feeding and long-term effects. Using a panel dataset of Chinese air routes, we find that airfare adjustment plays crucial roles in channeling HSR’s air traffic impact. Our estimation suggests that HSR introduced over 16.5 million additional passengers to the sampled air routes in our study period, generating 2.17 million tons of extra CO2 emissions from air flights. However, these numbers would increase to 32.2 million additional passengers and 3.4 million tons of extra CO2 emissions after removing the price adjustment.
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title_short	Airline reactions to high-speed rail entry: Rail quality and market structure
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doi_str	10.1016/j.tra.2022.09.016
up_date	2024-07-06T20:41:07.171Z
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This paper aims to empirically test whether and to what extent the air traffic impact is channeled by the adjustment in airfares. To understand the varying empirical results found in the literature, we examine heterogeneous airline responses in traffic and airfare in relation to HSR qualities measured by HSR-air travel time difference and pre-entry market structure of airline as well as decompose HSR impacts into competition, feeding and long-term effects. Using a panel dataset of Chinese air routes, we find that airfare adjustment plays crucial roles in channeling HSR’s air traffic impact. Our estimation suggests that HSR introduced over 16.5 million additional passengers to the sampled air routes in our study period, generating 2.17 million tons of extra CO2 emissions from air flights. 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Airline reactions to high-speed rail entry: Rail quality and market structure

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