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The welfare effects of nationalization in a mixed duopoly public transport market

Qin, Feifei; Zhang, Xiaoning; Plant, Eoin


Feifei Qin

Xiaoning Zhang


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.

Journal Article Type Article
Acceptance Date Mar 11, 2016
Online Publication Date Mar 22, 2016
Publication Date 2017-07
Deposit Date Nov 6, 2019
Publicly Available Date Nov 19, 2019
Journal Operational Research
Print ISSN 1109-2858
Electronic ISSN 1866-1505
Publisher Springer
Peer Reviewed Peer Reviewed
Volume 17
Issue 2
Pages 593-618
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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The Welfare Effects Of Nationalization In A Mixed Duopoly Public Transport Market (491 Kb)

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