Search results for "substitutability"
showing 3 items of 3 documents
The effect of cooperative infrastructure fees on high-speed rail and airline competition
2021
Abstract This paper explores the effects of cooperation between rail and air infrastructures in setting per-passenger fees prior to competition among airlines and high-speed rail (HSR) in a transport network. It is shown that, for a sufficiently low degree of substitution, cooperation results in lower fees and greater HSR traffic than under competition. Besides, it leads to more connecting passengers. An empirical application allows for a quantitative assessment of cooperation. Gains to passengers and operators are sizeable when cooperation either involves all infrastructure managers or the rail and the hub airport managers. Welfare gains are in the range of 10.4–11.1%. Our contribution off…
Współczesna wojna - model klasyfikacyjny surowców krytycznych
2016
The paper adresses the problem of the list of critical raw materials for the European Union. The theoretical model of classification of the critical raw materials was presented. The presented model is based on two variables: index of the compatibility (substitutability index) and recycling index.
Are importing and exporting complements or substitutes in an emerging economy? The case of Colombia
2021
The aim of this paper is to investigate the impact of two trading strategies (exporting and importing) on total factor productivity (TFP) and the potential complementarity/substitutability effects of these strategies. In order to assess these effects, robust estimates of TFP are obtained using a general method of moments approach that explicitly determines the ability of a firm's trading experience to affect productivity. Data from the Annual Manufacturing Survey spanning from 2007 to 2016 is used for Colombian manufacturing firms. Our estimation results suggest that, regardless of the technological intensity of the industry in which the firm operates, active trading strategies (exporting o…