IDEAS home Printed from https://ideas.repec.org/a/tpe/jtecpo/v43y2009i3p385-403.html
   My bibliography  Save this article

Strategic Interactions between Transport Operators with Several Goals

Author

Listed:
  • Derek J. Clark
  • Finn Jørgensen
  • Pål A. Pedersen

Abstract

This paper analyses competition between transport firms that have goals that extend beyond traditional profit maximisation. Specifically, operators maximise a weighted combination of profits and consumer surplus. We calculate equilibrium solutions for the case of symmetric firms producing symmetrically differentiated services, and compare the equilibrium prices, consumer surplus, and total surplus that arise from collusion, Cournot and Bertrand competition. The results are discussed in the light of the firms' pay-off functions, their costs, and the degree of substitutability or complementarity between the services. ? 2009 LSE and the University of Bath

Suggested Citation

  • Derek J. Clark & Finn Jørgensen & Pål A. Pedersen, 2009. "Strategic Interactions between Transport Operators with Several Goals," Journal of Transport Economics and Policy, University of Bath, vol. 43(3), pages 385-403, September.
  • Handle: RePEc:tpe:jtecpo:v:43:y:2009:i:3:p:385-403
    as

    Download full text from publisher

    File URL: http://www.catchword.com/cgi-bin/cgi?ini=bc&body=linker&reqidx=0022-5258(20090901)43:3L.385;1-
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Svetozar Slobodan Sofijanic & Sinisa Milos Arsic & Dragutin Jovanovic & Milos Zivko Arsic & Safet Kalac & Zoran Ribaric & Dragan Kostadinovic & Velibor Peulic & Dragana Rosulj & Tibor Fazekas & Srdjan, 2021. "Influence of Business-Operational Performances and Company Size on CO 2 Emissions Decrease-Case of Serbian Road Transport Companies," Sustainability, MDPI, vol. 13(15), pages 1-19, July.
    2. Socorro, M. Pilar & Viecens, M. Fernanda, 2013. "The effects of airline and high speed train integration," Transportation Research Part A: Policy and Practice, Elsevier, vol. 49(C), pages 160-177.
    3. Feifei Qin & Xiaoning Zhang & Eoin Plant, 2017. "The welfare effects of nationalization in a mixed duopoly public transport market," Operational Research, Springer, vol. 17(2), pages 593-618, July.
    4. de Rus, Ginés & Socorro, M. Pilar, 2014. "Access pricing, infrastructure investment and intermodal competition," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 70(C), pages 374-387.
    5. Wang, Kun & Xia, Wenyi & Zhang, Anming & Zhang, Qiong, 2018. "Effects of train speed on airline demand and price: Theory and empirical evidence from a natural experiment," Transportation Research Part B: Methodological, Elsevier, vol. 114(C), pages 99-130.
    6. Jørgensen, Finn & Santos, Georgina, 2014. "Charges on transport – To what extent are they passed on to users?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 69(C), pages 183-195.
    7. Meunier, David & Quinet, Emile, 2012. "Applications of transport economics and imperfect competition," Research in Transportation Economics, Elsevier, vol. 36(1), pages 19-29.
    8. Clark, Derek J. & Jørgensen, Finn & Mathisen, Terje Andreas, 2011. "Relationships between fares, trip length and market competition," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(7), pages 611-624, August.
    9. Clark, Derek John & Jørgensen, Finn & Mathisen, Terje Andreas, 2014. "Competition in complementary transport services," Transportation Research Part B: Methodological, Elsevier, vol. 60(C), pages 146-159.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpe:jtecpo:v:43:y:2009:i:3:p:385-403. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christopher F. Baum (email available below). General contact details of provider: http://www.bath.ac.uk/e-journals/jtep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.