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Competition models and financial sustainability of high-speed open-access passengers rail operators in Europe

Author

Listed:
  • Paolo Beria

    (POLIMI - Politecnico di Milano [Milan])

  • Yves Crozet

    (LAET - Laboratoire Aménagement Économie Transports - UL2 - Université Lumière - Lyon 2 - ENTPE - École Nationale des Travaux Publics de l'État - CNRS - Centre National de la Recherche Scientifique)

  • Laurent Guihéry

    (MATRiS - Mobilité, Aménagement, Transports, Risques et Société - Cerema - Centre d'Etudes et d'Expertise sur les Risques, l'Environnement, la Mobilité et l'Aménagement - CY - CY Cergy Paris Université, CY UFR LSH - CY Cergy Paris Université - UFR Lettres et sciences humaines - CY - CY Cergy Paris Université)

Abstract

Competition is at the heart of the European Union's (EU) roadmap in the field of transport. In rail transport, competition started late and took time to deploy. Just now, almost ten years after the 4th railway package, competition is becoming a Europe-wide affair rather than a collection of single and often small and short-lived national experiences. Today it is possible to draw a first picture of how open-access rail competition will be in the coming years, with a primary focus on the profitability of competition in high-speed market. The paper starts providing an overview of the forms that competition can take in the case of a non-cooperative game between two or three firm and an overview of the varied experiences of "on track" competition in Europe to date, on a country basis. Then the paper focuses on a recent case where the financial sustainability appears to be a serious issue: the entry of the Italian company Trenitalia in France, on the main country's route, the Paris-Lyon. The characteristics of the newcomer's business model are recalled, and its medium-term profitability is studied through a model, emphasising the role of access charges in it.

Suggested Citation

  • Paolo Beria & Yves Crozet & Laurent Guihéry, 2024. "Competition models and financial sustainability of high-speed open-access passengers rail operators in Europe," Post-Print hal-04844581, HAL.
    • Handle: RePEc:hal:journl:hal-04844581
    DOI: 10.1016/j.ets.2024.100008
    as

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