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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...
Persistent link: https://www.econbiz.de/10010562313
This paper develops a model to examine how a transport operator who is concerned about both profit and consumer surplus will design a uniform fare scheme and the relationship between fare and travel distance within such a scheme. The paper also analyses how travellers' generalised cost are...
Persistent link: https://www.econbiz.de/10004988087
A two-person game-theoretical model is suggested in order to explain traffic safety behaviour among road users. A road user's outcome is dependent on her and her opponent's attitude towards aggression, her and her opponent's level of attention, as well as on external traffic safety conditions....
Persistent link: https://www.econbiz.de/10004988065