Price Competition in the Intercity Passenger Transport Market: A Simulation Model

Marc Ivaldi and Catherine Vibes

Journal of Transport Economics and Policy, 2008, vol. 42, issue 2, 225-254

Abstract: 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

Date: 2008
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Working Paper: Price Competition in the Intercity Passenger Transport Market: A Simulation Model (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:tpe:jtecpo:v:42:y:2008:i:2:p:225-254

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