yusuke teraji | Tezukayama University (original) (raw)

Papers by yusuke teraji

Research paper thumbnail of The Organisation of Multiple Airports in a Metropolitan Area

Journal of Transport Economics and Policy, 2012

Research paper thumbnail of Allocation of Services to Multiple Airports in a Metropolitan Area

This paper deals with the allocation of international and domestic flights (allocation of service... more This paper deals with the allocation of international and domestic flights (allocation of services) into multiple airports in a metropolitan area. Through the privatization of airports, there are various types of airport operation. Consequently, we set three alternative airport operations: (PP) separate operation by two private firms; (M) integrated operation by a single private firm; (G) integrated operation by the government. Moreover, airport operators face the several types of regulations such as on airport charges, allocation of services, or both: therefore, we examine three types of allocation such as the decentralized decision-making by airport operators on the provision of service, the airport charges, and both. By comparing these three allocations within and among regimes, this paper investigates two issues: i) the relationship between the allocation and the location of airports; ii) the relationship between the allocation and the types of airport operations.

Research paper thumbnail of The Organization of Multiple Airports in a Metropolitan Area

Journal of Transport Economics and Policy

This study deals with the allocation of international and domestic flights (allocation of service... more This study deals with the allocation of international and domestic flights (allocation of services) among multiple airports in a metropolitan area. We present a spatial model of the metropolitan area in which two airports provide services for two types of air transportation (international and domestic). The model describes the user's airport choice, competition among carriers, and the pricing and service choices of airport operators. We examine three types of airport operation: separate operation by two private firms (PP), integrated operation by a single private firm (M), and integrated operation by the government (G). By means of numerical simulations based on realistic parameter values, we obtained the following results: i) allocation of services vary depending on the location of airports and types of operation; ii) welfare gain from the regulation of service choice is relatively small compared to regulation of airport charges.

Research paper thumbnail of The Organization of Multiple Airports in a Metropolitan Area

Journal of Transport Economics and Policy

This study deals with the allocation of international and domestic flights (allocation of service... more This study deals with the allocation of international and domestic flights (allocation of services) among multiple airports in a metropolitan area. We present a spatial model of the metropolitan area in which two airports provide services for two types of air transportation (international and domestic). The model describes the user's airport choice, competition among carriers, and the pricing and service choices of airport operators. We examine three types of airport operation: separate operation by two private firms (PP), integrated operation by a single private firm (M), and integrated operation by the government (G). By means of numerical simulations based on realistic parameter values, we obtained the following results: i) allocation of services vary depending on the location of airports and types of operation; ii) welfare gain from the regulation of service choice is relatively small compared to regulation of airport charges.

Research paper thumbnail of Price competition of airports and its effect on the airline network

Economics of Transportation, 2014

Research paper thumbnail of Universal Service Subsidy and its Effect on the Airline's Network Choice

Tezukayama RIEB Discussion Paper, 2020

This paper constructs the three-airport model in which a full-service airline can determine its n... more This paper constructs the three-airport model in which a full-service airline can determine its network configuration. Moreover, the population is heterogeneous in the willingness to pay and the size of each hinterland differs among the three airports. The airline faces the problem whether to provide the direct flight service to the thin demand routes. Furthermore, the government introduces the lump sum and the ad valorem subsidies to sustain the direct flight service to the thin demand route. By using this model, we address the following problems: i) how the subsidy affects the airline's choices on the airfare and the direct flight service; and ii) between the two alternative subsidies, which is the second-best. According to the comparison, we obtain the following results: i) the subsidy may enhance the air trip consumption if the proportion of travelers with high willingness to pay is large; and ii) with respect to the second-best policy, the ad valorem is more efficient if the population of travelers with high willingness to pay is large; the lump sum is more efficient, otherwise.

Research paper thumbnail of Cityscape and Land Use Regulation Cityscape and Land Use Regulation TERAJI, Yusuke

Tezukayama RIEB Disucssion Paper, 2020

In 2006, the Japanese supreme court has announced that the right to enjoy the cityscape should be... more In 2006, the Japanese supreme court has announced that the right to enjoy the cityscape should be protected. This statement makes local governments introduce the cityscape ordinance. In most cases, the ordinance takes mainly the form of the building height regulation in the city center. As in Bertaud and Brueckner (2005), the regulation results in the spatial expansion of the urban area while it protects the amenity value. In other words, when considering the building height regulation, it is necessary to consider the tradeoff between the commuting cost and the amenity value. Based on this tradeoff, we develop a model in which the historical district exists in the city center. By using this model, we evaluate the welfare effects of the regulation. According to the comparison of the outcomes under the regulation and the laissez faire development, we obtain the following results. First, the residents strictly prefer the building regulation if the marginal disutility of the overinvestment in the district is sufficiently large. Second, the regulation always augments the aggregate land rent. Also note that, in such situation, the building height regulation may become the second-best policy.

Research paper thumbnail of Price Competition of Airports and Airline Network Price Competition of Airports and Airline Network

This paper deals with the price competition of airports, and its effect on the airline (carrier) ... more This paper deals with the price competition of airports, and its effect on the airline (carrier) network. We construct the model which has following features: i) the carrier can choose its network configuration, point-to-point or hub-spoke; ii) airport operators compete in airport charge by taking into account the carrier's choice. By using this model, we address the question how the airport competition affects the carrier's network choice. It is shown that the price competition distorts the carrier's network choice in following two manners: i) it disturbs the carrier to choose hub-spoke network instead of point-to-point; ii) it makes the carrier chose an airport at a relatively small city as the hub of network.

Research paper thumbnail of The Organisation of Multiple Airports in a Metropolitan Area

Journal of Transport Economics and Policy, 2012

Research paper thumbnail of Allocation of Services to Multiple Airports in a Metropolitan Area

This paper deals with the allocation of international and domestic flights (allocation of service... more This paper deals with the allocation of international and domestic flights (allocation of services) into multiple airports in a metropolitan area. Through the privatization of airports, there are various types of airport operation. Consequently, we set three alternative airport operations: (PP) separate operation by two private firms; (M) integrated operation by a single private firm; (G) integrated operation by the government. Moreover, airport operators face the several types of regulations such as on airport charges, allocation of services, or both: therefore, we examine three types of allocation such as the decentralized decision-making by airport operators on the provision of service, the airport charges, and both. By comparing these three allocations within and among regimes, this paper investigates two issues: i) the relationship between the allocation and the location of airports; ii) the relationship between the allocation and the types of airport operations.

Research paper thumbnail of The Organization of Multiple Airports in a Metropolitan Area

Journal of Transport Economics and Policy

This study deals with the allocation of international and domestic flights (allocation of service... more This study deals with the allocation of international and domestic flights (allocation of services) among multiple airports in a metropolitan area. We present a spatial model of the metropolitan area in which two airports provide services for two types of air transportation (international and domestic). The model describes the user's airport choice, competition among carriers, and the pricing and service choices of airport operators. We examine three types of airport operation: separate operation by two private firms (PP), integrated operation by a single private firm (M), and integrated operation by the government (G). By means of numerical simulations based on realistic parameter values, we obtained the following results: i) allocation of services vary depending on the location of airports and types of operation; ii) welfare gain from the regulation of service choice is relatively small compared to regulation of airport charges.

Research paper thumbnail of The Organization of Multiple Airports in a Metropolitan Area

Journal of Transport Economics and Policy

This study deals with the allocation of international and domestic flights (allocation of service... more This study deals with the allocation of international and domestic flights (allocation of services) among multiple airports in a metropolitan area. We present a spatial model of the metropolitan area in which two airports provide services for two types of air transportation (international and domestic). The model describes the user's airport choice, competition among carriers, and the pricing and service choices of airport operators. We examine three types of airport operation: separate operation by two private firms (PP), integrated operation by a single private firm (M), and integrated operation by the government (G). By means of numerical simulations based on realistic parameter values, we obtained the following results: i) allocation of services vary depending on the location of airports and types of operation; ii) welfare gain from the regulation of service choice is relatively small compared to regulation of airport charges.

Research paper thumbnail of Price competition of airports and its effect on the airline network

Economics of Transportation, 2014

Research paper thumbnail of Universal Service Subsidy and its Effect on the Airline's Network Choice

Tezukayama RIEB Discussion Paper, 2020

This paper constructs the three-airport model in which a full-service airline can determine its n... more This paper constructs the three-airport model in which a full-service airline can determine its network configuration. Moreover, the population is heterogeneous in the willingness to pay and the size of each hinterland differs among the three airports. The airline faces the problem whether to provide the direct flight service to the thin demand routes. Furthermore, the government introduces the lump sum and the ad valorem subsidies to sustain the direct flight service to the thin demand route. By using this model, we address the following problems: i) how the subsidy affects the airline's choices on the airfare and the direct flight service; and ii) between the two alternative subsidies, which is the second-best. According to the comparison, we obtain the following results: i) the subsidy may enhance the air trip consumption if the proportion of travelers with high willingness to pay is large; and ii) with respect to the second-best policy, the ad valorem is more efficient if the population of travelers with high willingness to pay is large; the lump sum is more efficient, otherwise.

Research paper thumbnail of Cityscape and Land Use Regulation Cityscape and Land Use Regulation TERAJI, Yusuke

Tezukayama RIEB Disucssion Paper, 2020

In 2006, the Japanese supreme court has announced that the right to enjoy the cityscape should be... more In 2006, the Japanese supreme court has announced that the right to enjoy the cityscape should be protected. This statement makes local governments introduce the cityscape ordinance. In most cases, the ordinance takes mainly the form of the building height regulation in the city center. As in Bertaud and Brueckner (2005), the regulation results in the spatial expansion of the urban area while it protects the amenity value. In other words, when considering the building height regulation, it is necessary to consider the tradeoff between the commuting cost and the amenity value. Based on this tradeoff, we develop a model in which the historical district exists in the city center. By using this model, we evaluate the welfare effects of the regulation. According to the comparison of the outcomes under the regulation and the laissez faire development, we obtain the following results. First, the residents strictly prefer the building regulation if the marginal disutility of the overinvestment in the district is sufficiently large. Second, the regulation always augments the aggregate land rent. Also note that, in such situation, the building height regulation may become the second-best policy.

Research paper thumbnail of Price Competition of Airports and Airline Network Price Competition of Airports and Airline Network

This paper deals with the price competition of airports, and its effect on the airline (carrier) ... more This paper deals with the price competition of airports, and its effect on the airline (carrier) network. We construct the model which has following features: i) the carrier can choose its network configuration, point-to-point or hub-spoke; ii) airport operators compete in airport charge by taking into account the carrier's choice. By using this model, we address the question how the airport competition affects the carrier's network choice. It is shown that the price competition distorts the carrier's network choice in following two manners: i) it disturbs the carrier to choose hub-spoke network instead of point-to-point; ii) it makes the carrier chose an airport at a relatively small city as the hub of network.