Abstract
Purpose: The purpose of this paper is to study on the pricing of China railway company under the background of diversified property rights, especially the pricing of the parallel line system that belong to different owners. Design/methodology/approach: Through theoretical analysis of the main influential factors of railway pricing, this paper designs a basic quotation system for the parallel railway lines. Findings: The transaction price of parallel line consists of two parts, which are fixed railway network price and variable network using price. Practical implications: Through the reasonable designing of fixed network price and variable network using price, it can not only lead to high profitability and low government subsidy, but also can ensure remaining more railway network resources and fulfill the social responsibilities. Originality/value: The conclusions of this study will lay the foundation for the harmonious development of Chinese railway network under the diversified property rights.
Highlights
According to the medium-term and long-term railway adjusting project, a rapid growth will last in the nationwide railway network in the decade
Because the parallel lines which belong to different owners provide similar service which can be substituted, competitions will arise between different producers
This paper will study on the pricing model of using fees under the situation of diversified property rights
Summary
According to the medium-term and long-term railway adjusting project, a rapid growth will last in the nationwide railway network in the decade. The transport capacity will meet the needs of economic and social development, and the key technology and equipment will reach or close to the international advanced level. Such a large scale of investment will inevitably need to further expand the scale of the joint venture in rail construction, and the diversified property rights has become an inevitable trend. It is urgent to solve the problem of how to realize fair competition for the national railway and joint venture railway Based on these preconditions, this paper will study on the pricing model of using fees under the situation of diversified property rights
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