RIEB Seminar
Workshop on Transportation Management, Kobe University (Jointly supported by: RIEB Seminar / Workshop on Transportation Policy)
Workshop on Transportation Management, Kobe University
Jointly supported by RIEB Seminar / Workshop on Transportation Policy
Date & Time | Friday, Jan. 31, 2020, 4:30pm-6:00pm |
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Place | Meeting Room at RIEB (Annex, 2nd Floor) |
Intended Audience | Faculties, Graduate Students and People with Equivalent Knowledge |
Language | Japanese |
1:20pm-2:50pm
- Topics
- Returns to Density of Regional Railroad Companies in Japan: A Hedonic Cost Function Approach
- Speaker
- Tomohiro KITAMURA (Garduate School of Economics, Kobe University)
- Abstruct
- In this study, we estimate a variable cost system and predict the returns to density (RTD) of small and medium-sized regional passenger railroad companies in Japan. The empirical results indicate that the RTD of railroad companies that transport mainly non-commuting passengers are higher than those of railroad companies that transport mainly commuters.
Because a high RTD means a high fixed cost, companies that transport mainly non-commuters may face higher fixed costs. Therefore, removing unused tracks or rolling stock would improve companies' performance and long-term viability, especially in the case of companies that transport mainly non-commuters.