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Expensive Way Home - Analyzing the Natural Monopoly Of Railway China
- Words:
- 2409
- Submitted:
- Fri Jan 28 2005
Have a little read: ... Expensive Way Home ------ Analyzing the Natural Monopoly Of Railway China Introduction Every Chinese New Year brings mixed feeling to every Chinese family and their traveling members, those who are busy preparing for this momentous festival and those who can't wait to be on their way home for a family reunion. However, they all find out the homecoming has become more and more difficult and unaffordable beyond their expectation. Jan 4th 2004, as the supervisor, as well as the sole carrier, of railway transportation of China, the Department of China Railway (Railway China) promulgated the temporary scheme for the price rise of train tickets during the Chinese New Year period, with a markup of 20% in average. However, even in China, a country used to be so economically centralized, it is rare to find business with such high monopolization both in resources and in pricing. Apparently, each time it announced the
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