Schedule Competition Revisited

Jan Brueckner

Journal of Transport Economics and Policy, 2010, vol. 44, issue 3, 261-285

Abstract: This paper proposes and analyses a simple model of schedule competition, where transport providers choose service frequency and fares. The key assumptions are that passengers care about average schedule delay, a consequence of committing to travel before knowing their departure times, and that they exhibit brand loyalty to particular carriers. While the most general version of the model is not amenable to analysis, familiar functional-form assumptions produce a tractable framework that generates a host of useful comparativestatic results, along with a clear-cut efficiency evaluation. The model also sheds light on the phenomenon of excess transport capacity. © 2010 LSE and the University of Bath

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
http://www.catchword.com/cgi-bin/cgi?ini=bc&body=l ... 0100901)44:3L.261;1- (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tpe:jtecpo:v:44:y:2010:i:3:p:261-285

Access Statistics for this article

Journal of Transport Economics and Policy is currently edited by B T Bayliss, S A Morrison, A Smith and D Graham

More articles in Journal of Transport Economics and Policy from University of Bath
Bibliographic data for series maintained by Christopher F. Baum ().