English, Article edition: Price Competition in the Intercity Passenger Transport Market: A Simulation Model Marc Ivaldi; Catherine Vibes

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Bookmark: http://trove.nla.gov.au/version/32728
Physical Description
  • article
Language
  • English

Edition details

Title
  • Price Competition in the Intercity Passenger Transport Market: A Simulation Model
Author
  • Marc Ivaldi
  • Catherine Vibes
Physical Description
  • article
Notes
  • We 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
  • RePEc:tpe:jtecpo:v:42:y:2008:i:2:p:225-254
Language
  • English
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