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Academic Journal of Business & Management, 2024, 6(4); doi: 10.25236/AJBM.2024.060403.

Price comparison of high-speed rail and civil aviation based on efficiency price

Author(s)

Junya Liu1, Ziyu Guo2, Mingfang Hu2

Corresponding Author:
Junya Liu
Affiliation(s)

1School of Economics, China-ASEAN Institute of Financial Cooperation, Guangxi University, Nanning, China

2Guangxi Vocational and Technical College of Communications, Nanning, China

Abstract

As the economy develops, transportation also experiences significant changes. High-speed rail started late but has developed rapidly, which has also affected civil aviation. This paper compares the second-class seat of high-speed rail with the economy class of civil aviation, and first-class seat of high-speed rail and first-class cabin of civil aviation; uses the dimensionless method to calculate the efficiency–price ratio according to the performance index; and analyzes the competition between high-speed rail and civil aviation, as well as the rationality of their respective pricing. Lastly, this study presents opinions and suggestions for future pricing.

Keywords

efficiency price, high-speed rail, civil aviation, pricing

Cite This Paper

Junya Liu, Ziyu Guo, Mingfang Hu. Price comparison of high-speed rail and civil aviation based on efficiency price. Academic Journal of Business & Management (2024) Vol. 6, Issue 4: 13-18. https://doi.org/10.25236/AJBM.2024.060403.

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