Determinants of entry in the deregulated German interurban bus industry
研究了2013年德国城际巴士市场放松管制后,两家新进入者(MeinFernbus和FlixBus)选择进入哪些线路的决定因素,发现它们偏好人口多、年轻人占比高的线路,避开铁路服务差或远离高速公路的城市,且在小中型线路中避免与对手直接竞争。
Two years after the deregulation of the German interurban bus industry in January 2013, two new entrants emerged as industry leaders: MeinFernbus (MFB) and FlixBus (FB). We use a comprehensive route-level data set to investigate the determinants of route entry for both providers. Applying survival models, we find that both companies show an increased probability to enter populous routes with large shares of young inhabitants; however, they both avoid entries into routes with low-quality rail connection as well as cities located farther away from the next motorway. Furthermore, both industry leaders largely refrain from entering small- and medium-sized routes in which the other provider is already operating. In large markets, however, they both show an increased entry probability independent of the presence of the other provider.