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 have in Hong Kong(outlying(prenominal) Island)The number of convey operators in Outlying IslandsThe description of Oligopoly and intrinsic monopoly- Oligopoly- Natural monopolyBarriers to entry- Natural Barriers occurred by Economies of Scale- Legal Barriers- muffle pricing- High set up costs and sunk costsNecessary service from Government?s subsidyPrices place setting and Profits that are earned-Price Maker-Price Discrimination-Applied for treat increase caused by incapacitated profitsNature of products/ goContestability- Deregulation- Efficiency- No close substitutesFinding and ConclusionReferencesTable 1, ferrying Passenger Statistics (2007 figures)Table 2, Identify of the mart structure betweentwo time-periodsFigure 1, Route dispersal of Local ferry service inHong Kong?s Outlying IslandFigure 2, the plunk total cost frizz for a natural monopolyFigure 3, the root word 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 macrocosm growth in Outlying Island at 2007-2016 ??Appendix 4 ?? Legislative Council Panel on Transport on 26 March 1999Transitional Arrangements for the Outlying Island, saucy Town and Inner-Harbors bring go.????IntroductionHong Kong is well-known for its comprehensive public transit system, with different modes of battery-acid, including railway, authorize bus, non- certify bus, miniskirt bus, taxi, and ferry.

The Government believes the existing fare policy which could discover the data link of various public transport, organise every pie-eyed of transportation, and take a shit 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 machine-accessible Hong Kong Island and Kowloon crossing the Victoria Harbor. Although its sizeableness reduces greatly nowadays, it was tranquillize the primary(prenominal) transportation vehicle in connection of the urban heavens and the outlying island. Starting from 1 April 1999, most of the ferry services are provided by licensed ferry operators. in that repute are now 11... If you trust to get a competent essay, order it on our website: Ordercustompaper.com

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