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Strategic Interactions between Transport Operators with Several Goals

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  • Derek J. Clark
  • Finn Jørgensen
  • Pål A. Pedersen

Abstract

This paper analyses competition between transport firms that have goals that extend beyond traditional profit maximisation. Specifically, operators maximise a weighted combination of profits and consumer surplus. We calculate equilibrium solutions for the case of symmetric firms producing symmetrically differentiated services, and compare the equilibrium prices, consumer surplus, and total surplus that arise from collusion, Cournot and Bertrand competition. The results are discussed in the light of the firms' pay-off functions, their costs, and the degree of substitutability or complementarity between the services. ? 2009 LSE and the University of Bath

Suggested Citation

  • Derek J. Clark & Finn Jørgensen & Pål A. Pedersen, 2009. "Strategic Interactions between Transport Operators with Several Goals," Journal of Transport Economics and Policy, University of Bath, vol. 43(3), pages 385-403, September.
  • Handle: RePEc:tpe:jtecpo:v:43:y:2009:i:3:p:385-403
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    Cited by:

    1. Jørgensen, Finn & Santos, Georgina, 2014. "Charges on transport – To what extent are they passed on to users?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 69(C), pages 183-195.
    2. Socorro, M. Pilar & Viecens, M. Fernanda, 2013. "The effects of airline and high speed train integration," Transportation Research Part A: Policy and Practice, Elsevier, vol. 49(C), pages 160-177.
    3. Meunier, David & Quinet, Emile, 2012. "Applications of transport economics and imperfect competition," Research in Transportation Economics, Elsevier, vol. 36(1), pages 19-29.
    4. de Rus, Ginés & Socorro, M. Pilar, 2014. "Access pricing, infrastructure investment and intermodal competition," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 70(C), pages 374-387.
    5. Clark, Derek J. & Jørgensen, Finn & Mathisen, Terje Andreas, 2011. "Relationships between fares, trip length and market competition," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(7), pages 611-624, August.
    6. Clark, Derek John & Jørgensen, Finn & Mathisen, Terje Andreas, 2014. "Competition in complementary transport services," Transportation Research Part B: Methodological, Elsevier, vol. 60(C), pages 146-159.

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