Detailed Information on Publication Record
2017
Public and Private Provision of Railway Services: A Case Study from Slovakia
JURIKOVIČ, Martin and Zdeněk TOMEŠBasic information
Original name
Public and Private Provision of Railway Services: A Case Study from Slovakia
Authors
JURIKOVIČ, Martin (703 Slovakia) and Zdeněk TOMEŠ (203 Czech Republic, guarantor, belonging to the institution)
Edition
Review of Network Economics, WALTER DE GRUYTER GMBH, 2017, 2194-5993
Other information
Language
English
Type of outcome
Článek v odborném periodiku
Field of Study
50202 Applied Economics, Econometrics
Country of publisher
Germany
Confidentiality degree
není předmětem státního či obchodního tajemství
References:
Impact factor
Impact factor: 0.357
RIV identification code
RIV/00216224:14560/17:00104020
Organization unit
Faculty of Economics and Administration
UT WoS
000441915900009
Keywords in English
competition; ownership; rail usage; railways; subsidies
Tags
International impact, Reviewed
Změněno: 8/3/2024 13:18, Mgr. Pavlína Kurková
Abstract
V originále
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.