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Author: | Ivaldi M. Vibes C. |
Title: | Price competition in the intercity passenger transport market: A simulation model |
Journal: | Journal of Transport Economics and Policy
2008 : MAY, VOL. 42:2 p. 225-254 |
Index terms: | transport simulation models competition marketing strategy |
Language: | eng |
Abstract: | We elaborate a simulation model to analyze inter- and intra-modal competition in the transportation industry, based on game theory models. In this game, consumers select a transport mode and an operator to journey on a given city-pair; operators strategically decide on prices for the services they provide. We derive the market balance and simulate potential regulatory and structural scenarios. |
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