High-speed Rail & air transport competition

N Adler, C. Nash, E. Pels

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

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.
Original languageEnglish
Pages (from-to)812-833
JournalTransportation Research. Part B: Methodological
Volume44
DOIs
Publication statusPublished - 2010

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