Sunday, April 14, 2013

The extent to the economic characteristics of ''Local ferry services in Hong Kong's outlying island'' and correspond to the principles of market structures as put forward by economists.

Market structure principleCurrent condition in local convey work in Hong Kong(Outlying Island)The number of ferry operators in Outlying IslandsThe interpretation of Oligopoly and Natural monopoly- Oligopoly- Natural monopolyBarriers to entry- Natural Barriers occurred by Economies of Scale- Legal Barriers- strangulate pricing- High set up costs and sunk costsNecessary aid from Government?s subsidyPrices setting and Profits that are earned-Price Maker-Price Discrimination-Applied for grapple increase caused by lost profitsNature of products/servicesContestability- Deregulation- Efficiency- No close substitutesFinding and ConclusionReferencesTable 1, ferrying Passenger Statistics (2007 figures)Table 2, Identify of the market structure betweentwo time-periodsFigure 1, Route distribution of Local ferry services inHong Kong?s Outlying IslandFigure 2, the clean total cost curve for a natural monopolyFigure 3, the root of the natural monopoly,Appendices supplement 1 ??16 routes of outlying island??Appendix 2 ??Passengers per day in the six re-tendering routes??Appendix 3 ??The expected value of population growth in Outlying Island at 2007-2016 ??Appendix 4 ?? Legislative Council Panel on Transport on 26 March 1999Transitional Arrangements for the Outlying Island, New Town and Inner-Harbors bring Services.????IntroductionHong Kong is well-known for its comprehensive public transport system, with different modes of transportation, including railway, authorize bus, non-licensed bus, mini bus, taxi, and ferry. is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!

The Government believes the existing transportation policy which could discover the connection of various public transport, coordinating every pie-eyed of transportation, and make sure that all kinds of transportation can receive in its.

Local Ferry Services is one of internal for the Hong Kong transportation. It was the main transportation vehicle in early years which connected Hong Kong Island and Kowloon crossing the Victoria Harbor. Although its importance reduces greatly nowadays, it was tranquillize the main transportation vehicle in connection of the urban area and the outlying island.

Starting from 1 April 1999, most of the ferry services are provided by licensed ferry operators. in that respect are now 11...

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