of two corporations‚ the Mass Transit Railway Corporation(MTR)and the Kowloon–Canton Railway Corporation (KCRC)‚ is completed. The KCR Corporation entitled MTR a service concession to operate the KCR railway system for 50 years (HKSAR government 2006)‚ expanding its market share of Hong Kong public transportation from 25.3% to 41.6% (MTRCL 2007)‚ and sold its properties to the MTR Corporation. According to the official statement of MTR‚ the purpose of the merger is to improve its capability of
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still owned by its previous operator‚ Kowloon-Canton Railway Corporation which is wholly owned by the Hong Kong Government‚ the network has been operated by the MTR Corporation Limited under a 50-year‚ extendible‚ service concession since 2 December 2007. Steps have been taken to assimilate the network into the same faring system of the MTR‚ and gates between the two networks were removed in several stages in 2008. 2. Description of Problems - explanation of the problem and its probable effect on
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OECD Watch Email: fanwar@onkhura.com Abstract The water and sanitation sector in Karachi (the largest city in Pakistan with an estimated population of about 16 million) is faced with a crisis of governance. The Karachi Water & Sewerage Board – a monopoly public water utility is similarly challenged with operations becoming technically deficient and financially non-viable. Recently‚ the KW&SB management has initiated a series of reforms in areas such as revenue and operational management and improving
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SWOT Analysis of MTR Corporation Hong Kong Executive Summary Transportation has played a part in human beings affairs over the years. It gave man a change to travel to different places. Transportation also provided man with the capability to transfer his/her goods‚ products‚ materials and belongings from one place to another without experiencing many difficulties. There are many kinds of transportation one of which is the modern railways. A company engaging in railway systems is MTR Corporation. The
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9 3.1 Marginal Private Benefit 11 3.2 Marginal Private Cost 11 3.3 Demand Schedule of the market 12 Figure Title Page 1.1 2003 Market Share of Canadian Cable Companies. 2 2.1 Conventional Depiction of Natural Monopoly 4 2.2 Measurement of Possibility of Natural Monopoly 5 2.3 Canadian Cable Television Indusry 6 2.4 Rogers Communications Incorporations 7 2.5 Shaw Communications Incorporation 8 2.6 Cogeco Cable Company 10 3.1 Externality Effect of Regulation of Cable Industry
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MTR fare adjustment mechanism After a thousand entreaties‚ the Hong Kong Government eventually completed its review on the MTR fare adjustment mechanism and decided that new factors be added to the fare computation. When the MTR raises its fare this June‚ the rate will be relatively lower and concessions will be introduced to reward passengers. The series of measures look grandiose; unfortunately their flashy packaging cannot hide the fact that they are merely a Government’s empty show. MTR
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A WATER UTILITY CONCESSIONER PORTERS FIVE FORCES ANALYSIS 1. Rivalry among existing competitors- Low to Non-Existent. Since it is under concession agreement‚ there is no other water utility company that can engage any business similar to A Water Utility concessioner‚ unless granted by the government under special agreement and with full knowledge and approval of A Water Utility concessioner. 2. Threat of new entrants- Low to Non-Existent. Companies that may want to apply for the concession
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In what sense is this a ‘winner-takes-all’ industry? A “winner-takes-all” market refers to a market that is dominated by a single supplier and is subject to significant network externalities. Network externality in simplest terms is the value of a product to an individual customer that is affected and dependant on the number of other users of that product. Thoroughly assessing the case study we came up with the conclusion that the notion behind the market being considered a “winner-takes-all” market
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Why is it important for the government to regulate natural monopolies? A natural monopoly arises where the largest supplier in an industry‚ often the first supplier in a market‚ has an overwhelming cost advantage over other actual and potential competitors. This tends to be the case in industries where capital costs predominate‚ creating economies of scale that are large in relation to the size of the market‚ and hence high barriers to entry; examples include public utilities such as water services
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1 Monopoly Why Monopolies Arise? Monopoly is a rm that is the sole seller of a product without close substitutes. The fundamental cause of monopoly is barriers to entry: A monopoly remains the only seller in its market because other rms cannot enter the market and compete with it. Barriers to entry have three main sources: 1. Monopoly Resources. A key resource is owned by a single rm. Example: The DeBeers Diamond Monopoly|this rm controls about 80 percent of the diamonds in the world. 2. Government-Created
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