Page 79 - 360AV03

Reseñas de Libros, Artículos y Publicaciones número 3. octubre 2015

consideration of inter-modal and intra-modal competition, (ii) the presence of public and
private operators, and (iii) endogenous service frequency. After calibrating the model using
actual data from two Spanish High Speed Rail lines, simulation exercises allow us to
conclude the following. Privatization, whether entry occurs or not, would prompt an
increase in prices and a reduction in the number of train services, eventually leading to
welfare decreases, as compared with a regime where the incumbent rail operator remained
public. Entry is found to be welfare improving only when it generates large increases in
traffic. Otherwise welfare losses would materialize even though entry raised some
efficiency gains.

Keywords: High Speed Rail; Privatization; Entry; Strategic interaction; Welfare

 Castillo-Manzano, J.I. Pozo-Barajas, R. Trapero, J.R. (2015) Measuring the
substitution effects between High Speed Rail and air transport in Spain, Journal
of Transport Geography, Volume 43, Pages 59-65, ISSN 0966-6923,
http://dx.doi.org/10.1016/j.jtrangeo.2015.01.008.

(http://www.sciencedirect.com/science/article/pii/S0966692315000101)

Abstract: The main objective of this paper is to estimate the impact that the expansion of
the HSR network has had on air transport in Spain by estimating the substitution effect
between the two types of transportation. This paper considers the way that the HSR
network has grown and how this growth could have affected air transport dynamically. The
findings show that a dynamic vision of this substitution rate should be adopted, as opposed
to assuming that the rate is constant, as has been the case in previous references. Although
the rate varies significantly over the study period, only 13.9% of HSR passenger demand was
found to have come from air travel during the 1999–2012 period, meaning that HSR and
airlines would seem to offer more independent services than at first it might appear. This
confirms the hypothesis as to the HSR’s great ability to generate its own demand. The
substitution rate between the two transport modes seems to be closely linked to the way
that any new stations are incorporated into the HSR network. Convergence between the
seasonality of HSR and air transport has also been examined. The results show that it is
difficult to talk of a real HSR transport network in Spain.

Keywords: High Speed Rail; Airlines; Substitution effects; Dynamic Linear Regression; Time
Varying Parameter; Spain

 Guirao, B. Campa, J.L. July 2015. The effects of tourism on HSR: Spanish
empirical evidence derived from a multi-criteria corridor selection methodology,
Journal of Transport Geography, Volume 47, Pages 37-46, ISSN 0966-6923,
http://dx.doi.org/10.1016/j.jtrangeo.2015.07.010.

(http://www.sciencedirect.com/science/article/pii/S0966692315001337)

Abstract: The exorbitant cost of new High-Speed Rail (HSR) lines requires a selection
methodology to define which HSR corridors within a network should be built first, and the
most suitable evaluation tool appears to be the multi-criteria approach. In any corridor-
ranking methodology, and especially in countries with high tourism attractiveness, tourism
impacts on HSR should be considered as a variable.

In addition to economic geography and destination choice models, the current literature on
tourism demand is dominated by econometric models using a single-equation time-series
based approach. However little research has been done so far on methodologies to rank HSR
corridors taking into account the tourism variable. In 2014, a ranking methodology

77