TY - JOUR
T1 - High-speed Rail & air transport competition
AU - Adler, N
AU - Nash, C.
AU - Pels, E.
PY - 2010
Y1 - 2010
N2 - 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. © 2010 Elsevier Ltd.
AB - 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. © 2010 Elsevier Ltd.
U2 - 10.1016/j.trb.2010.01.001
DO - 10.1016/j.trb.2010.01.001
M3 - Article
SN - 0191-2615
VL - 44
SP - 812
EP - 833
JO - Transportation Research. Part B: Methodological
JF - Transportation Research. Part B: Methodological
ER -
