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 engagement in Hong Kong( far Island)The number of take operators in Outlying IslandsThe translation of Oligopoly and innate monopoly- Oligopoly- Natural monopolyBarriers to entry- Natural Barriers occurred by Economies of Scale- Legal Barriers- restrain pricing- High set up costs and sunk costsNecessary of importtenance from Government?s subsidyPrices orbit and Profits that are earned-Price Maker-Price Discrimination-Applied for do it increase caused by at sea profitsNature of products/ operateContestability- Deregulation- Efficiency- No close substitutesFinding and ConclusionReferencesTable 1, ferrying Passenger Statistics (2007 figures)Table 2, Identify of the foodstuff structure betweentwo time-periodsFigure 1, Route distribution of Local ferry operate inHong Kong?s Outlying IslandFigure 2, the disinvest total cost squirm for a natural monopolyFigure 3, the patch up of the natural monopoly,Appendices supplement 1 ??16 routes of outlying island?? attachment 2 ??Passengers per day in the six re-tendering routes??Appendix 3 ??The expected value of commonwealth growth in Outlying Island at 2007-2016 ??Appendix 4 ?? Legislative Council Panel on Transport on 26 March 1999Transitional Arrangements for the Outlying Island, unsanded Town and Inner-Harbors bring serve.????IntroductionHong Kong is long-familiar for its comprehensive public enjoy system, with different modes of emigration, including railway, authorize bus, non- license bus, mini bus, taxi, and ferry.

The Government believes the existing expat policy which could discover the tie-in of various public transport, organize every pie-eyed of transportation, and leave 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 briny transportation vehicle in early years which committed Hong Kong Island and Kowloon crossing the Victoria Harbor. Although its immensity reduces greatly nowadays, it was tranquillize the main transportation vehicle in connection of the urban country and the outlying island. Starting from 1 April 1999, most of the ferry services are provided by licensed ferry operators. in that adore are now 11... If you require to get a suitable essay, order it on our website: Ordercustompaper.com

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