Market for passenger transport services: basic framework for welfare analysis
| Authors | |
|---|---|
| Year of publication | 2014 |
| Type | Article in Proceedings |
| Conference | The International Conference Hradec Economic Days 2014: Economic Development and Management of Regions |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | open access; competitive tendering; product differentiation |
| Description | There two ways how to increase competition in the market for passenger transport services: open access and competitive tendering. The paper presents a basic version of model which enables to compare these two types of competition in terms ef welfare. The demand side of the model includes heterogenous consumers that differ according to their departure time. The supply is modeled as differentiated oligopoly. |
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