High-speed rail and air transport competition: Game engineering as tool for cost-benefit analysis

Nicole Adler, Eric Pels and Chris Nash

Transportation Research Part B: Methodological, 2010, vol. 44, issue 7, 812-833

Abstract: This research develops a methodology to assess infrastructure investments and their effects on transport equilibria taking into account competition between multiple privatized transport operator types. The operators, including high-speed rail, hub-and-spoke legacy airlines and regional low-cost carriers, maximize best response functions via prices, frequency and train/plane sizes, given infrastructure provision, cost functions and environmental charges. The methodology is subsequently applied to all 27 European Union countries, specifically analyzing four of the prioritized Trans-European networks. The general conclusions suggest that the European Union, if interested in maximizing overall social welfare, should encourage the development of the high-speed rail network across Europe.

Keywords: Airlines; High-speed; rail; Network; optimization; Applied; game; theory; Infrastructure; pricing (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (107)

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