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Fecha
2012-09-09
Derechos de acceso
info:eu-repo/semantics/openAccess
Título de la revista
ISSN de la revista
Título del volumen
Editorial
Springer
Citas
Resumen
Introduction
The liberalisation of the Railways imposed by European Directives introduces competition in a sector traditionally organised largely through national monopolies. As a result, the analysis of the competition particularly on a given route is very recent.
Approach
The approach and methodologies so far developed to analyse the competition between European rail operators have resulted in interesting but isolated efforts. Developments based on game theory and analysis of strategic decision as part of the organisational economics theory have proven to be the most appropriate. This paper introduces an improvement on these methodologies by using the principles of consumer behaviour theory and the analysis capabilities of game theory to develop a dedicated purpose-built modelling tool for the analysis of intermodal competition within the operator’s revenue function. To validate the model, a forecast analysis on the Madrid-Barcelona high speed corridor has been performed.
Conclusions
The resulting model allows quantifying the minimum requirements for a new operator to stay in the market as well as the equilibrium price and level of investment required.
Descripción
The registered version of this article, first published in “European Transport Research Review. 5 (2013), 53–63", is available online at the publisher's website: Springer, https://doi.org/10.1007/s12544-012-0084-7
La versión registrada de este artículo, publicado por primera vez en “European Transport Research Review. 5 (2013), 53–63", está disponible en línea en el sitio web del editor: Springer, https://doi.org/10.1007/s12544-012-0084-7
La versión registrada de este artículo, publicado por primera vez en “European Transport Research Review. 5 (2013), 53–63", está disponible en línea en el sitio web del editor: Springer, https://doi.org/10.1007/s12544-012-0084-7
Categorías UNESCO
Palabras clave
Railways, High-speed, Competition, Liberalisation, Game theory
Citación
Ruiz-Rúa, A., Palacín, R., (2013). Towards a liberalised European high speed railway sector: Analysis and modelling of competition using Game Theory. European Transport Research Review. 5, 53–63. https://doi.org/10.1007/s12544-012-0084-7
Centro
Facultad de Ciencias Económicas y Empresariales
Departamento
Teoría Económica y Economía Matemática
Grupo de investigación
Aplicaciones microeconómicas a empresas y hogares. Implicaciones para el bienestar individual y social