Research Output
The welfare effects of nationalization in a mixed duopoly public transport market
  Recently, many cities have launched new rail transit lines. Once these new rail transit lines start commercial operation, they will play important roles as competitors to conventional bus services. In this paper, the effects of nationalization on equilibria have been studied in a mixed duopoly public transport market, in which one publicly-owned rail transit operator competes with one private bus operator. Two numerical case studies show the nationalization of a rail transit company is always socially desirable both in Bertrand pricing game in the short run and in Nash non-cooperative game in the long run.

  • Type:

    Article

  • Date:

    22 March 2016

  • Publication Status:

    Published

  • Publisher

    Springer Science and Business Media LLC

  • DOI:

    10.1007/s12351-016-0241-1

  • ISSN:

    1109-2858

  • Funders:

    Historic Funder (pre-Worktribe)

Citation

Qin, F., Zhang, X., & Plant, E. (2017). The welfare effects of nationalization in a mixed duopoly public transport market. Operational Research, An International Journal, 17(2), 593-618. https://doi.org/10.1007/s12351-016-0241-1

Authors

Keywords

Management of Technology and Innovation; Management Science and Operations Research; Strategy and Management; Statistics, Probability and Uncertainty; Modelling and Simulation; Computational Theory and Mathematics; Numerical Analysis

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