Přehled o publikaci
2014
Finding Equilibrium in a Monopoly Passenger Railway Market: A Comparison of Agent-Based Simulations with Theoretical Predictions
KRČÁL, OndřejBasic information
Original name
Finding Equilibrium in a Monopoly Passenger Railway Market: A Comparison of Agent-Based Simulations with Theoretical Predictions
Authors
KRČÁL, Ondřej
Edition
Hradec Králové, Hradec Economic Days 2014, p. 357-363, 7 pp. 2014
Publisher
Gaudeamus
Other information
Language
English
Type of outcome
Proceedings paper
Field of Study
Economics
Country of publisher
Czech Republic
Confidentiality degree
is not subject to a state or trade secret
Publication form
printed version "print"
Marked to be transferred to RIV
Yes
RIV identification code
RIV/00216224:14560/14:00095736
Organization
Ekonomicko-správní fakulta – Repository – Repository
ISBN
978-80-7435-369-7
UT WoS
Keywords in English
railway; Salop; monopoly; price; timetable
Links
MUNI/A/0781/2013, interní kód Repo.
Changed: 1/9/2020 19:01, RNDr. Daniel Jakubík
Abstract
In the original language
This paper presents an agent-based model of passenger rail services. It provides an algorithm that is able to find the optimal price and timetable for a service provided by a monopoly train operating company. For testing the efficiency of the algorithm, it presents a simplified setting in which the equilibrium price and timetable can be found analytically using the Salop model of competition. The paper finds that the algorithm approximates well the predicted price and timetable and that an increase in the equilibrium number of trains in the market reduces the efficiency of the algorithm.
