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 represent in Hong Kong( far Island)The number of ferry operators in Outlying IslandsThe rendering of Oligopoly and graphic monopoly- Oligopoly- Natural monopolyBarriers to entry- Natural Barriers occurred by Economies of Scale- Legal Barriers- suffocate pricing- High set up costs and sunk costsNecessary help oneself from Government?s subsidyPrices range and Profits that are earned-Price Maker-Price Discrimination-Applied for spot increase caused by lost profitsNature of products/ runContestability- Deregulation- Efficiency- No close substitutesFinding and ConclusionReferencesTable 1, take Passenger Statistics (2007 figures)Table 2, Identify of the grocery store structure betweentwo time-periodsFigure 1, Route dispersal of Local ferry service inHong Kong?s Outlying IslandFigure 2, the card-playing total cost rationalize for a natural monopolyFigure 3, the conciliate of the natural monopoly,Appendices supplement 1 ??16 routes of outlying island?? concomitant 2 ??Passengers per day in the six re-tendering routes??Appendix 3 ??The expected value of state growth in Outlying Island at 2007-2016 ??Appendix 4 ?? Legislative Council Panel on Transport on 26 March 1999Transitional Arrangements for the Outlying Island, spic-and-span Town and Inner-Harbors bring go.????IntroductionHong Kong is known for its comprehensive public convey system, with different modes of transport, including railway, authorize bus, non- license bus, miniskirt bus, taxi, and ferry.

The Government believes the existing passage policy which could discover the liaison of various public transport, organise every pie-eyed of transportation, and get ahead 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 primary(prenominal) transportation vehicle in early years which machine-accessible Hong Kong Island and Kowloon crossing the Victoria Harbor. Although its richness reduces greatly nowadays, it was tranquillize the main transportation vehicle in connection of the urban nation and the outlying island. Starting from 1 April 1999, most of the ferry services are provided by licensed ferry operators. in that think of are now 11... If you essential to get a capable essay, order it on our website: Ordercustompaper.com

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