The impact of delays on the welfare effects of on-track competition: The case of transfer passengers with operator-tied tickets
When connecting trains may be missed due to delays, and passengers are insufficiently flexible due to operator-tied ticketing, on-track competition may reduce effective frequency. The authors analyze passengers who share α−β−γ− preferences for being on time and a price-sensitive demand, but differ in the preferred arrival time. If the probability of missing a connection due to a delay is sufficiently high, both producer and consumer surplus in a duopoly with reduced effective frequency is smaller than in the monopoly case. Apart from reducing unpunctuality, ensuring the transferability of tickets, and switching to competition for the market, may constitute (regulatory) remedies.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/07398859
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Supplemental Notes:
- © 2019 Elsevier Ltd. All rights reserved. Abstract reprinted with permission of Elsevier.
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Authors:
- Brand, Christina
- Sieg, Gernot
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0000-0001-7528-2872
- Publication Date: 2020-5
Language
- English
Media Info
- Media Type: Web
- Features: Appendices; Figures; References;
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Serial:
- Research in Transportation Economics
- Volume: 80
- Issue Number: 0
- Publisher: Elsevier
- ISSN: 0739-8859
- Serial URL: http://www.sciencedirect.com/science/journal/07398859
Subject/Index Terms
- TRT Terms: Access; Competition; Delays; Passenger service; Railroad transportation; Tickets; Transfers
- Subject Areas: Administration and Management; Operations and Traffic Management; Passenger Transportation; Railroads;
Filing Info
- Accession Number: 01736227
- Record Type: Publication
- Files: TRIS
- Created Date: Apr 15 2020 1:48PM