报告人：张安民，加拿大英属哥伦比亚大学（UBC）
时间：2017年4月27日，周四下午1:30—3:00
地点：对外经济贸易大学博学楼1222教室
题目：Effects of High-Speed Rail Speed on Airline Demand and Price: Theoretical Analysis and Empirical Evidence from a Natural Experiment
摘要：This study investigates the effects of high-speed rail （HSR） speed on the airline demand and price. The theoretical analysis suggests that a falling HSR speed increases both airline demand and price. HSR speed effect on airline demand is more likely to diminish with route distance than its effect on airline price. When airline demand is elastic （inelastic） to HSR speed, inter-airlines competition reduces （reinforces） HSR speed effect on airline price. A rare natural experiment of HSR speed reduction in China enables us to estimate the HSR speed effect, alleviating endogeneity problems. The empirical results verify the theoretical predictions: HSR speed reduction increases airline demand and price. The HSR speed effect on airline demand is larger and diminishes faster over route distance. We also produce unbiased estimate on the elasticities of airline demand and price to HSR speed. These estimated elasticities are obtained for the short haul and medium-to-long haul routes respectively. The empirical evidence also suggests that inter-airlines competition reduces HSR speed effect on airline price.
报告人简介：张安民教授现任加拿大英属哥伦比亚大学（UBC）尚德商学院YVR讲席教授、上海高级金融学院管理学特聘教授。研究领域包括交通运输经济与政策、物流与运营管理、产业组织、管理经济学、成本效益分析、航运和国际物流、航空运输。在国际学术期刊上发表了100多篇论文，包括RAND Journal of Economics, Production and Operations Management, Journal of Urban Economics, Transportation Research Part B, Transportation Science, Journal of Transport Economics and Policy, Canadian Journal of Economics, International Journal of Industrial Organization, European Journal of Operational Research等。
对外经济贸易大学国际经贸学院
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