A game-theoretic approach to an oligopolistic transportation market: Coopetition between incumbent systems subject to the entrance threat of an HSR service

• Published in: Transportation research. Part A, Policy and practice Vol. 165; pp. 144 - 171
• Main Authors: Rategh, Yalda, Tamannaei, Mohammad, Zarei, Hamid
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.11.2022
• Subjects: Coopetition; Game theory; High-speed rail; Pricing; Social welfare; Social welfare; Coopetition; Game theory; High-speed rail; Pricing

•Competition and coopetition of airline, intercity bus, and entrant HSR operators.•The main driver for the operators’ pricing competition is identified.•Non-pricing strategies may be necessary for the incumbent operators’ survival.•Short-term government policies may not guarantee the passengers’ ful...