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 prevail in Hong Kong( far Island)The number of ferryboat operators in Outlying IslandsThe commentary of Oligopoly and native monopoly- Oligopoly- Natural monopolyBarriers to entry- Natural Barriers occurred by Economies of Scale- Legal Barriers- hamper pricing- High set up costs and sunk costsNecessary back up from Government?s subsidyPrices put and Profits that are earned-Price Maker-Price Discrimination-Applied for sell increase caused by lose profitsNature of products/ functionContestability- Deregulation- Efficiency- No close substitutesFinding and ConclusionReferencesTable 1, ferrying Passenger Statistics (2007 figures)Table 2, Identify of the food market structure betweentwo time-periodsFigure 1, Route statistical distribution of Local ferry service inHong Kong?s Outlying IslandFigure 2, the cull total cost deflect for a natural monopolyFigure 3, the sink of the natural monopoly,Appendices supplement 1 ??16 routes of outlying island??cecal appendage 2 ??Passengers per day in the six re-tendering routes??Appendix 3 ??The expected value of universe of discourse growth in Outlying Island at 2007-2016 ??Appendix 4 ?? Legislative Council Panel on Transport on 26 March 1999Transitional Arrangements for the Outlying Island, impertinently Town and Inner-Harbors bring serve.????IntroductionHong Kong is known for its comprehensive public entrance system, with different modes of shipping, including railway, authorize bus, non- authorise bus, mini bus, taxi, and ferry.

The Government believes the existing transference policy which could discover the inter-group communication of various public transport, coordinate every pie-eyed of transportation, and lease 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 chief(prenominal) transportation vehicle in early years which connected Hong Kong Island and Kowloon crossing the Victoria Harbor. Although its grandeur reduces greatly nowadays, it was tranquillize the main transportation vehicle in connection of the urban field of view and the outlying island. Starting from 1 April 1999, most of the ferry services are provided by licensed ferry operators. in that esteem are now 11... If you insufficiency to get a sufficient essay, order it on our website: Ordercustompaper.com

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