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@inproceedings{1163764,
author = {Krčál, Ondřej},
address = {Hradec Králové},
booktitle = {Hradec Economic Days 2014},
editor = {Pavel Jedlička},
keywords = {railway; Salop; monopoly; price; timetable},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Hradec Králové},
isbn = {978-80-7435-369-7},
pages = {357-363},
publisher = {Gaudeamus},
title = {Finding Equilibrium in a Monopoly Passenger Railway Market: A Comparison of Agent-Based Simulations with Theoretical Predictions},
year = {2014}
}
TY - JOUR
ID - 1163764
AU - Krčál, Ondřej
PY - 2014
TI - Finding Equilibrium in a Monopoly Passenger Railway Market: A Comparison of Agent-Based Simulations with Theoretical Predictions
PB - Gaudeamus
CY - Hradec Králové
SN - 9788074353697
KW - railway
KW - Salop
KW - monopoly
KW - price
KW - timetable
N2 - 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.
ER -
KRČÁL, Ondřej. Finding Equilibrium in a Monopoly Passenger Railway Market: A Comparison of Agent-Based Simulations with Theoretical Predictions. In Pavel Jedlička. \textit{Hradec Economic Days 2014}. Hradec Králové: Gaudeamus, 2014, p.~357-363. ISBN~978-80-7435-369-7.
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