High-speed rail and air transport competition: Game engineering as tool for cost-benefit analysis
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.
Year of publication: |
2010
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Authors: | Adler, Nicole ; Pels, Eric ; Nash, Chris |
Published in: |
Transportation Research Part B: Methodological. - Elsevier, ISSN 0191-2615. - Vol. 44.2010, 7, p. 812-833
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Publisher: |
Elsevier |
Keywords: | Airlines High-speed rail Network optimization Applied game theory Infrastructure pricing |
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