Price Competition in the Intercity Passenger Transport Market: A Simulation Model
AbstractWe elaborate a simulation model to analyse inter- and intra-modal competition in the transport industry, based on game theory models. In this game, consumers choose a transport mode and an operator to travel on a given city-pair; operators strategically decide on prices for the services they provide. We derive the market equilibrium and simulate potential regulatory and structural scenarios. Hence, our framework is a tool to measure the effectiveness of competition on a relevant market, to design marketing strategies or to evaluate the net benefit of new transport infrastructures. It can be effectively used with a limited set of detailed data. © 2008 LSE and the University of Bath
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Bibliographic InfoArticle provided by London School of Economics and University of Bath in its journal Journal of Transport Economics and Policy.
Volume (Year): 42 (2008)
Issue (Month): 2 (May)
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Web page: http://www.bath.ac.uk/e-journals/jtep
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