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This paper presents a model of competition between operators on urban local bus routes in which passengers always board the first bus to arrive, and it is costly to revise timetables. The model predicts that timetables are unstable, the operator whose bus was boarded by fewest passengers is the...
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This paper presents a model of competition between operators on urban local bus routes in which passengers always board the first bus to arrive, and it is costly to revise timetables. The model predicts that timetables are unstable, the operator whose bus was boarded by fewest passengers is the...
Persistent link: https://www.econbiz.de/10010928764
This paper presents a model of competition between operators on urban local bus routes in which passengers always board the first bus to arrive, and it is costly to revise timetables. The model predicts that timetables are unstable, the operator whose bus was boarded by fewest passengers is the...
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