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Equal split in the informal market for group train travel

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  • Waichman, Israel
  • Requate, Till
  • Korzhenevych, Artem

Abstract

In this paper, we make use of a unique dataset collected at the central train station of the city of Kiel, Germany. Group tickets are used by individual proposers looking for co-travelers to share the ride with shortly before the train departure. The shared ride is offered for a fixed price. We observe that the prevailing price offer corresponds to an equal split of the ticket cost between the maximum possible number of co-travelers. This result is remarkable, because the positions of the bargaining parties are clearly asymmetric and formation of the full group is not guaranteed.

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File URL: http://www.sciencedirect.com/science/article/pii/S0165176512005563
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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 118 (2013)
Issue (Month): 2 ()
Pages: 327-329

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Handle: RePEc:eee:ecolet:v:118:y:2013:i:2:p:327-329

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Natural experiment; Bargaining; Focal point; Equal split;

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