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 transfer work in Hong Kong( far(prenominal) Island)The number of ferry operators in outlying(prenominal) IslandsThe interpretation of Oligopoly and Natural monopoly- Oligopoly- Natural monopolyBarriers to entry- Natural Barriers occurred by Economies of Scale- legitimate Barriers- strangulate pricing- High set up costs and sink costsNecessary aid from Government?s subsidyPrices setting and Profits that ar earned-Price Maker-Price Discrimination-Applied for grapple increase caused by lost profitsNature of products/servicesContestability- Deregulation- Efficiency- No button up substitutesFinding and ConclusionReferencesTable 1, ferrying Passenger Statistics (2007 figures)Table 2, Identify of the market structure betweentwo time-periodsFigure 1, way of life distribution of Local ferry services inHong Kong?s outlying(prenominal) IslandFigure 2, the clean total cost curve for a earthy monopolyFigure 3, the root of the natural monopoly,Appendices supplement 1 ??16 routes of outlying island?? accessory 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 adorn on Transport on 26 March 1999Transitional Arrangements for the Outlying Island, New Town and Inner-Harbors bring Services.????IntroductionHong Kong is well-kat oncen for its comprehensive usual transport system, with different modes of transportation, including railway, authorize bus, non-licensed bus, mini bus, taxi, and ferry.

The Governmen t believes the existent transportation polic! y which could discover the connection of various commonplace transport, coordinating every pie-eyed of transportation, and make sure that all(prenominal) kinds of transportation can receive in its. Local ferryboat Services is one of internal for the Hong Kong transportation. It was the main transportation fomite in early years which connected Hong Kong Island and Kowloon crossing the capital of Seychelles Harbor. Although its importance reduces greatly nowadays, it was tranquillize the main transportation fomite in connection of the urban area and the outlying island. start from 1 April 1999, most of the ferry services are provided by licensed ferry operators. in that respect are now 11... If you want to get a sufficient essay, order it on our website: OrderCustomPaper.com

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