Equilibrium in a Pricing Model for a Public Transport Market

A game-theoretic model of pricing in an urban public transport market is considered. It is assumed that the players in the model are transport companies serving urban public transport routes, and the distribution of passengers over the routes is subject to the Hotelling specification. The study focuses on the Nash equilibrium in the pricing game in the transport services market. The results of numerical modeling are presented using the example of the transport system in the city of Petrozavodsk.

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Publication Details

Journal
Proceedings of the Steklov Institute of Mathematics
Published
2024-12-01
DOI
https://doi.org/10.1134/s0081543824070150
Primary Topic
Transportation Planning and Optimization
Type
article
Field-Weighted Citation Impact
0.00
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article

Equilibrium in a Pricing Model for a Public Transport Market

Elena Konovalchikova, Vladimir Viktorovich Mazalov
Proceedings of the Steklov Institute of Mathematics
Transportation Planning and Optimization
article

Equilibrium in a Pricing Model for a Public Transport Market

Elena Konovalchikova, Vladimir Viktorovich Mazalov
article en

Abstract

A game-theoretic model of pricing in an urban public transport market is considered. It is assumed that the players in the model are transport companies serving urban public transport routes, and the distribution of passengers over the routes is subject to the Hotelling specification. The study focuses on the Nash equilibrium in the pricing game in the transport services market. The results of numerical modeling are presented using the example of the transport system in the city of Petrozavodsk.

Proceedings of the Steklov Institute of MathematicsVol. 327(S1)
Russian Academy of Sciences (RU), Karelian Research Centre (RU)
Openalex Percentile: Top 75%
Transportation Planning and Optimization
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