Competition and Quality: Evidence from High-Speed Railways and Airlines

• 成果类型: Article
• 署名作者: Fang, Hanming; Wang, Long; Yang, Yang
• 署名单位: University of Pennsylvania; National Bureau of Economic Research; Fudan University; Chinese University of Hong Kong
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/rest_a_01294
• 发表日期: 2025-03
• 页码: 494-509
• 关键词: on-time performance; service quality; entry evidence; US; improve; PRODUCTIVITY; GROWTH; prices

摘要

The entry of High-Speed Railways (HSR) represents disruptive competition to airlines. Utilizing a unique dataset of all flights departing from Beijing to 113 domestic destinations in China since January 2009, we employ a difference-in-differences approach to examine the effects of HSR entry on on-time performance and to identify the channels. We document two main findings. First, the entry of HSR leads to significant reductions in the mean and variance of travel delays on the affected airline routes. Second, the reductions in departure delays and taxi-in times at the destination airports are identified as the main channels.