Bus Transport
A) The nature of the competition in the bus transport market is very
specific. The article suggests competition is used to keep out new
entrants to the market thus maintaining market share for the larger
firms, "active competition takes place between small operators or
between a large and a small operator."
Further evidence suggests the competition was not of substantial
benefit to the consumer and only used to get one over on the firms
rivals, "more services run on routes which where already reasonably
well serviced." However some methods of competition showed reasonable
benefits to consumers, "charged lower fares than the incumbent." Yet
in the long run predatory pricing is not a good thing, as it will
eventually push out competition, creating a monopoly where the price
will soon go back up again.
Non-price competition is lacking in the market, " difficult for
suppliers to differentiate their products." As long as the price is
reasonable consumers will act on which service requires them to wait
for the shortest amount of time, i.e. the first bus to arrive or the
most reliable service, "not prepared to wait for a later bus which
maybe more comfortable."
Cumulatively this type of competition in a market has negative
effects, "can lead to congestion, pollution, and instability of
services." Large companies that actively compete are likely to loose
out in the long run due to the nature of the Kinhed demand curve
theory suffering, as...
I walk over and stand amongst the crowd of students, where I will usually recognize the faces of people who have been riding the same bus as me during the semester. Sometimes I wonder how you can spend such a cumulative amount of time so close to someone where you begin to recognize their outfits, remember the scent of cologne or perfume they wear, what seats the usually prefer to sit in, and so on as you idly go to and from campus together. But after all that time spent so close, and learning so much, when they’re no longer there riding the bus you realize you didn’t know that person at all.
In the city of Philadelphia the act of getting around is very hard to do, so the tactic of public transportation was created. People use public transportation to cease the vast amounts of traffic that would otherwise be created. Trains and subways running under the city made for a minuscule change of infrastructure while still getting the job done. This tactic was innovative and created a speedy technique to get in and out of the city. Public transportation was also effective because the price of a train ticket or a bus token is so much less than that of a parking spot in downtown Philadelphia. Consumers were outraged by the traffic and the prices of having their own car in the city so they took to another route, public transportation. Tactics are used by individuals (consumers) to challenge those set by higher
There are several market structures known. They include monopoly, monopolistic competition and oligopoly market structures. Travelodge operates in a monopoly market structure. A monopoly market structure is one which, there is only one seller.it has the most significant market authority (Haines, 2009). A monopoly market structure is a good example of an imperfect market. Bearing in mind, it has the power to raise the price of its services and products. In relation to Travelodge, monopoly arises as a result of lowering the cost of its products and services. Having grown and fully established itself, lowering of its prices on services and goods would not affect its marginal profits as much. On the other hand, it will motivate other upcoming firms to make profits and hence withdraw from the market (Sexton, 2008).
The Taxicab industry plays a vital and large role in the U.S. urban transportation system, employing 233,000 drivers (United States Bureau of Labor Statistics) and providing transportation to millions of Americans each day. Taxicabs differ most substantially from alternative urban transportation systems, like busses and subways, as customers select the final destination, opposed to adhering to a predefined route. This flexibility is reflected in the higher price of taxicabs (Moore and Balaker) compared to other public transit services. Substitutes for taxicabs include busses, subways, trains, limousines, private drivers, car ownership and rental cars, among others (Brennan).
The Federal Transit Association (FTA) defines BRT as a rapid mode of transportation that can combine the quality of rail transit and the flexibility of buses according to Thomas (2001). A more detail definition of BRT is a flexible, services, vehicles, running way, rubber tired rapid transit mode that combines stations and ITS elements into an integrated system with a strong positive image and identity. BRT system is designed to be appropriate to the market they serve and their physical surroundings and can be incrementally implemented in a variety of environments. In brief, BRT is a integrated system of facilities, services, and amenities that collectively improve the reliability, speed, and identity of bus transit. In many aspects, BRT is rubber-tired same as light rail transit (LRT), but with
When cars were just entering fashion and today's market leaders were obtaining momentum, a lot of cities relied on electric streetcar systems for public transport. These trams had actually dominated metropolitan transport because the late nineteenth century, and their abundance in heavily populated centers positioned a problem for the fledgling automotive market. Put simply, if everyone had the ability to take a trolley to work or the supermarket, there would be no demand for individual vehicles or buses.
Several large companies have focused on the multi-occupant vehicle market, specifically school bus production, in North America. Competitors within the school bus manufacturing industry consist of the Henlys Group PLC, a British based company, and two U.S. bus companies, Collins Industries Inc. and Navistar International. Henlys consists of Blue Bird Corporation, Prevost Car Inc., Nova Bus and TransBus International Ltd. Collins Industries operates seven vehicle companies including Collins Bus Corporation and Mid Bus Corporation that make up their school bus line. And finally, Navistar International, which also produces school buses, is divided into three principal industry segments. These segments are trucks/buses, engines, and financial services.
Transportation System in London, England London is Europe’s largest city. Every day millions of people have to commute to get to their work place. Through out the city businesses rely on a transport system that enables employees and customers to access their offices shops and factories . An efficient transport system provides saves the environmental , time and costs. Which can result in an increase in commuters who use the transport system more regularly as they will trust the system more which will lead to more money coming in from the transport sector.
A monopoly is defined as “an absence of competition, which often results in high prices and inferior products.” How monopolies affect the market will be essential in my research paper. I want to focus on the monopolies in airlines, how larger companies such as US Airways, Delta, and United Airlines buy up smaller companies and raise the prices to benefit themselves which result in their controlling and hurting large portions of the market.
In college, attendance is crucial to students’ success. Being late to class can result in having less time to take a test or missing fundamental concepts that may be discussed in a classroom. Students must take responsibility by arriving on time; however, limited parking spaces and other transportation problems at many universities can cause students to be late which can result in poor academic performance. The University of Texas at San Antonio, one of most populous cities in Texas, has 29,000 enrolled students (UTSA . . .). During peak hours, one must be timely to find a parking space; many students find themselves driving in circles while hoping to find someone else leaving the campus and others wait for a shuttle bus that has a reputation of arriving late. Due to transportation problems, some students may feel unmotivated to study in the library or go to class regularly. Therefore, the University of Texas at San Antonio should improve student transportation because doing so could increase students’ academic performance.
(Abelson). There are three major companies, that as (Abelson) states, ‘Control 90% of the Taxi operators in Sydney’. As a result an oligopoly market structure is formed, as there is some competition between these major companies within the Taxi Service industry. However due to ‘allegiances’ (Abelson) that these companies have with each other, they are able to work together creating an almost monopolistic market where they are able to hold some market power without the threat of competing companies taking customers from them as a result of having lower prices. These are however somewhat regulated by the Government as they do influence prices in regards to taxi fares, to...
Rail transportation is a transportation in which for movement of people and goods which from one location to another destination. Rail had been takes the important role in physical and economic development of town and cities in a country and it was developed over the world. Rail transport can be made a property value in a country increase and it must be needs improvement in transportation network expanding (Goldberg, 1970). Thus, the railway services need to be done with continuous improvement and it is important to the rail passengers of the range and quality of facilities and service on stations and trains (Gleave, S. D., 2000). The future development to a public transportation is a key to affect
Most of cities that people live are sequentially growing, daily routine of many people are also adapted for surrounding in the present. A lot of people have to spend most of their time with travelling though long distances to get from one place to another for connecting their businesses or other purposes by transportation. Most people use public transportation such as BTS and MRT to go each places while many people are using their own cars to travel. Thereby, both transportations have the same destination that is taking and moving people. People can choose vehicles from alter reasons depend on how people are responded to their needs by public transportation and private car that are different in convenience of travelling, expenditure of money and security of travel.
This paper aims at providing more information concerning the different modes of transport, their characteristics and also the comparison of these modes with one another in an effort to establish the best mode of transport for specific commodities. The paper also takes into consideration the various factors affecting the transport sector; such as cost of transportation, flexibility, time factor and reliability. Transport refers to the process that enables physical movement of goods and people from on area to another. Transport is very important in the sense that it ensures availability of raw materials to manufactures, producers and also to construction sites (Clifford Winston,?2010). It makes sure that goods are available