This website uses cookies to ensure you have the best experience. Learn more

Air Transport Market Deregulation And Its Effect On The Short Sea Shipping Of The Greek Domestic Market

4958 words - 20 pages

It has almost been a decade since the deregulation of the Greek air transport market.During these years a number of new airlines entered the market with various degreesof success, attempting to participate and compete in this growing market. HoweverGreece's morphology, which includes many island destinations and are a populartourist destination, creates a competitive environment between air travel and short-seashipping. It should be also mentioned that the deregulation of the greek short-seashipping market has recently (from November 2002) been implemented, a fact whichwill increase the competition between the two different means of transport. Thisarticle attempts to discover the results and effects of this deregulation in the Greektransport sector from the scope of both air transport and short-sea shipping. Theconclusions are based on the evaluation of data as they were recorded in the course ofthe past decade.KeywordsCompetition, Domestic Air Transport, Domestic Short Sea Shipping, Deregulation,Greek Air Market, Greek Insular Market.1. IntroductionThe Greek insular market represents an area of special interest, since it is the marketwhere two different modes of transport (sea and air) compete in offering transportservices to and from the islands. With the application of the EU transportationpolicies, which promote deregulation, a new market environment is created offeringopportunities for new operators to enter the market.Greece has over 2000 islands, 200 of which are populated. The transport needs ofthese islands for scheduled transport services are served by a 24 airports and morethan 90 seaports. Questions are therefore being raised as to the coverage offered to themarket, the extend of competition between both transport means and the benefitswhich arise for passengers and operators. Furthermore the need to connect smallerislands with the mainland for social and financial reasons, led the state from veryearly to impose public service obligations on transport operators, a measure whichapplies even in the deregulated era.In order to gain a better understanding of the competition in the Aegean sea, both thedomestic air transport and domestic short sea shipping markets will be examined.Therefore both markets will be analyzed individually at first, followed by an analysisof the competition that exists between these two modes of transport, within the scopeof a deregulated market.PDF created with FinePrint pdfFactory Pro trial version http://www.fineprint.comE. Sambracos and K. Rigas 22. Air market analysis and deregulation2.1 The market until deregulationThe appearance of air transport in Greece, begins before the second World War,growing steadily through its first years (with the exception of the war years), mainlydue to Greece's geographical discontinuity (islands) and poor land connection toseveral cities. Air transport services were provided by a single operator up until 1947when competition develops with the entry of three more operators in...

Find Another Essay On Air Transport Market Deregulation and its Effect on the Short-Sea Shipping of the Greek Domestic Market

The Effect of Globalization on the Labor Market

2094 words - 8 pages worker reflects the same arbitrating process except that the barriers to migration are higher than in the case of domestic migration. Transportation is more costly, information about job availability is harder to obtain, and differences in language, culture, and even climate make preferences for remaining in ones home country stronger. These distinctions apply even within the European Union, in spite of the absence of legal restrictions on movement

Substitution Effect in the Market Essay

914 words - 4 pages will stock 60 units, selling each at a reduced price of $2, while Seller 2 will retain the same quantity of Coke and sell it at the same price as in the case with Treatment 2. In the three scenarios, the buyer’s consumption surplus is regarded as the difference between the purchase value and the paid price. The effect of substitution in the market explains the law of demand and the negative gradient that occurs at some point along the curve. If the price goes up, then the substitutes become cheap to purchase, and if the former goes down, then the latter becomes more expensive to buy. This study seeks to establish the effect of substitution in the market.

To what extent was the policy of deregulation in the energy market responsible for the California electricity crisis?

3761 words - 15 pages Extended EssayEconomics HLAbstractThe topic I chose to investigate for this extended essay was the manipulation of the deregulated Californian energy market by the Enron Corporation. This extended essay focuses on the economic aspect of market failure in the energy market due to the deregulation and consequent manipulation of the market rather than the business aspect of Enron Corporation.Contents PageTitle Page………&hellip

How has the labour market 'deregulation' contributed to Australia's productivity growth?

1105 words - 4 pages How has the labour market 'deregulation' contributed to Australia's productivity growth?Labour Market Deregulation DefinitionLabour market regulation refers to the imposition of rules, whether informal or formal, impacting and controlling and restricting the behaviour in which labour can both operate and be dealt with. Sources of regulation and control come from not only the Government, Industrial Commissions other government institutions but

The Effect of CSI 300 Index Futures Trading on the Chinese Stock Market

989 words - 4 pages In this paper, we discuss the effect of CSI 300 index futures trading on the Chinese stock market. Specifically, we focus on the two topics (1) price volatility and efficiency of market, and (2) the arbitrage trading 5.1 On market volatility and efficiency I introduce the research result on the market volatility and efficiency in the Korean market. Two approaches have been used to analyze the effect of index futures trading on stock market

Synthetic Diamonds and their effect on the Market. - Consumer & Firm - Essay

2270 words - 10 pages [Accessed May 26, 2017] Goff, K., (2007). “Cultivated Carats: A Variation on a Theme, or a Poor Substitute for the Real, Mined Thing?” Washington Times. Goldschein, E., (2011). The Incredible Story Of How De Beers Created And Lost The Most Powerful Monopoly Ever. Available from: [Accessed May 21, 2017] Kwon, C. & Chun,B, (2015). The effect of strategic technology adoptions by local firms

Oman Air Market Plan

6913 words - 28 pages of four turbo-prop ATRs (Aerei da Trasporto Regionale or Avions de Transport Régional, an Italian-French aircraft manufacturer) and seven Boeing 737s. Earlier the ATRs were used for short-haul flights. Now, one ATR was leased to Air Deccan in India. The other three ATRs were dedicated by guest on September 18, 2010ajc.sagepub.comDownloaded from OMAN AIR 121 ASIAN JOURNAL OF MANAGEMENT CASES, 4(2), 2007: 117-141 for Petroleum

Market structure, pricing, performance and strategies for the last ten years of the Malaysian Domestic Airline Industry

1314 words - 5 pages they will closely to take over the domestic airlines market. They have a very good price strategy to increasing their customer volume and gain more profit. That's why today there is a tight competition between Air Asia and Malaysia airlines to serve the domestic flight market.2. The market structure of Malaysian domestic airline IndustryThe Malaysian domestic airline industry is a services industry for transportation and cargo services. It has its

Why the Stock Market Crashed, the effect this had on the American People and how it affected the economic structure of the United States

690 words - 3 pages stock. Free from legal guidelines, corporations began printing up more and more common stock. Many investors in the stock market practiced, buying stock on credit. Confident that a given stock's value would rise, an investor put a down payment on the stock, expecting in a few months to pay the balance of the initial cost plus receive a hefty profit. This turned the stock market into a speculative game, in which most of the money invested in the

Trends of the Australian Labour Market Outcomes and there effect on the Australian Economy. A Outline of the current Australian Industrial Relations Act. (Work Choices 2005)

1484 words - 6 pages its changes, this can be seen by studying the statistics of factors of the labor market such as: Unemployment, part time work, casualisation of work, outsourcing, individual contracts and sub-contracting.Unemployment is defined as a person that is not working, but is seeking for and is readily available to work. Causes of unemployment can vary from lack of education to discrimination in the workplace. Unemployment for the last 10 years has dropped

Empirical Results on Market Efficiency and Its Analysis

934 words - 4 pages Empirical Results on market efficiency and its analysis During the late 1990s, there existed several market frictions and phenomena unique in the Korean futures and stock markets that would hinder a quick adjustment of market prices to information. In order for futures trading to effectively reduce market frictions in the stock market, it is necessary that information created in the futures market be transmitted to the stock market freely and

Similar Essays

Air Sea Transport: Competitiveness Or Complementarity In The Greek Insular Market?

3024 words - 12 pages in the air sector. The airplane isloosing its eminence in terms of travelling time and now has to compete with thePDF created with FinePrint pdfFactory Pro trial version http://www.fineprint.comship in terms of price. It is therefore essential now and mainly after theliberalization of the coastal shipping market for the operator to adjust hisoperational policy according to the level of competition with sea transport.5. ConclusionThe liberalization

Switching Costs In Australian Home Market And Its Effect On Market Power Of Suppliers

1201 words - 5 pages these switching costs is the exit fee. This essay will explore further to define and identify switching costs in Australian home loan market, explain how said switching costs might increase power of suppliers in the market, and assume the expected effect on the price charged by the suppliers, and the profits they received thereafter. II. Switching Cost in Australian Home-Loan Market Switching costs are costs induced to economic agents when they

Strong Economy And Its Effect On Financial Market

1025 words - 4 pages Following the trend of economy, it is important to investors to understand that strong economy creates strong stock market. To elaborate further, as stock prices are increased by current and future expectations of earnings, thus without a strong economy it would be difficult for the companies to increase and sustain their earnings (Kong 2013). The economy development is usually calculated using the gross domestic product of a countries. On the

"Labor Market Institutions And The Effect On The Labor Force."

4293 words - 17 pages Wilson Acevedo ECOB2000 Kevin Foster Term PaperLabor Market Institutions and the Effect on the Labor ForceLabor is defined as a "measure of the work done by human beings." In economics, the labor market seeks to explain or at least to understand some type of functioning relationship between employer (Labor Demand) and employees (Labor Supply). Therefore, the ultimately purpose for labor economics is to look at the suppliers of labor services