Public and Private Provision of Railway Services: A Case Study from Slovakia

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JURIKOVIČ Martin TOMEŠ Zdeněk

Rok publikování 2017
Druh Článek v odborném periodiku
Časopis / Zdroj Review of Network Economics
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
www https://www.degruyter.com/document/doi/10.1515/rne-2017-0037/html
Doi http://dx.doi.org/10.1515/rne-2017-0037
Klíčová slova competition; ownership; rail usage; railways; subsidies
Přiložené soubory
Popis This paper is aimed at evaluating the net gains and trade-offs at stake in implementing the competition of the rail mode in the long distance passenger market either by means of franchise or by an open access mechanism. We simulate the outcomes of competition in and for the market using a differentiatedproducts oligopoly model allowing for inter- and intra-modal competition in a long distance passenger market. Specifically we first calibrate the model using data describing high speed lines in France and show that the incumbent railway operator’s strategy does not simply boil down to a short-term profit maximization (e.g. because of existing regulation or limit-pricing strategy). This yields two important results when simulating competition. First, whether it is for or in the market, the opening to competition does not guarantee a decrease in prices in favor of passengers. Second, the effects of opening up to competition for the market are relatively predictable and potentially positive, while those of opening up to competition in the market remain very uncertain.

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