Making hay while the sun shines

Article Abstract:

An examination of ferry prices between 1986 and 1994 shows that prices rose steadily in the run-up to the opening of commercial freight and passenger operations through the Channel Tunnel. During the same period, increased prices coupled with higher traffic led to improved profitability for the ferry companies operating across the English Channel. Analysis suggests that these companies 'made hay' in anticipation of significant new competition from the Channel Tunnel, a phenomenon that can be explained by the impact of regulation on ferry prices and the collusive actions of ferry companies.

Inland Water Passenger Transportation, Ferries, Ferry Services, Research, Models, Economic aspects, Prices and rates, Pricing, Transportation, Industry regulations, Government regulation of business, Trade regulation, Channel Tunnel, English Channel

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Competitive balance and gate revenue sharing in team sports

Article Abstract:

The increasing percentage of gate revenue sharing among sports teams which is leading to uneven competitive balance is discussed.

Financial management, Administration of General Economic Programs, General Revenue Sharing, Evaluation, Finance, Company financing, Sports teams, Revenue sharing

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Managerial incentives and the price effects of mergers

Article Abstract:

A study is conducted on a multi-product firm to examine the role of manager in price competition of firm.

Business economics, Managerial economics

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