Introduction of an Innovative Product: the High Speed Train (AVE)
Part of the Contributions to Economics book series (CE)
The high-speed train (AVE) is mainly characterised by a new infrastructure, which uses the adequate mobile material to be able to obtain highly operating speeds. Moreover, its way of management is generally different from that typical of the conventional train. In line with this, Plassard (1992) proposes the following defining characteristics of this mode of transport:
A high speed of 250–300 km/h.
A high frequency as the traffic requires it.
A weak capacity (lower than 400 people per train).
Slightly higher fares than those of the conventional train.
KeywordsAccess Time High Speed Train Innovative Product Substitution Effect Average Revenue
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© Springer-Verlag Berlin Heidelberg 2004