Redirigiendo al acceso original de articulo en 15 segundos...
ARTÍCULO
TITULO

Market dynamics in on-rail competition

Emanuel Broman    
Jonas Eliasson    

Resumen

On-rail competition is perhaps the most far-reaching form of deregulation of the railways, giving travellers several options on a single line. It aims to lower fairs and raise quality of service, thereby boosting demand and social welfare. Concerns have been raised, however, regarding if effective competition is possible on such a market, allowing two or more operators to be profitable and eliminating through incentives or regulation the purchase by one operator of the others' access rights, thus restoring monopoly. In addition, the effect of competition on total welfare is unclear. The issue of how to regulate the market and conduct capacity allocation in order to maximise welfare is also as yet unanswered. Addressing these issues, the present paper studies a duopoly market through simulations. It builds on the hypothesis that competition occurs between trains with close departure times. Results indicate that total welfare increases significantly when going from profit-maximising monopoly to competition, as consumers make large gains while operators' profits fall. The way the regulator allocates departure slots has significant importance for market outcomes, including prices, frequencies and total welfare. In particular, it is possible to improve welfare by regulating the succession of departures. If trading in access rights is allowed, a would-be monopolist has incentives to buy its competitors' slots for a price they would accept. A monopolist that uses high frequency of departures as a deterrence strategy against competition increases frequency a lot compared to the profit-maximising level.

 Artículos similares

       
 
Gianluca Barbera, Luiz Araujo and Silvia Fernandes    
Social Media Analytics (SMA) is more and more relevant in today?s market dynamics. However, it is necessary to use it wisely, either in promoting any kind of product/brand, or interacting with customers. This requires its effective understanding and moni... ver más

 
Hao Xu, Jun Zhang, Xizhen Xu, Zewei Zeng, Yuzhu Xu, Jiawei You and Jing Li    
Green residences have enormous potential for energy savings, emission reduction, and other comprehensive benefits, and their growth is crucial to achieving China?s carbon neutrality and carbon peaking targets. Nevertheless, at the moment, the national gr... ver más
Revista: Buildings

 
Chung Yim Yiu    
Housing affordability is one of the major social problems in many countries, with some advocates urging governments to provide more accessible mortgages to facilitate more homeownership. However, in recent decades more and more evidence has shown that un... ver más
Revista: Urban Science

 
Tingting Chen, Yan Li, Xiongfei Jiang and Lingjie Shao    
The methods of complex networks have been extensively used to characterize information flow in complex systems, such as risk propagation in complex financial networks. However, network dynamics are ignored in most cases despite systems with similar topol... ver más
Revista: Applied Sciences

 
Shivani Raghav, Stepan Oskin, Eric J. Miller     Pág. 355 - 374
There is ample evidence of the role of land use and transportation interactions in determining urban spatial structure. The increased digitization of human activity produces a wealth of new data that can support longitudinal studies of changes in land-va... ver más