摘要: This paper proposes and analyses a simple model of schedule competition, where transport providers choose service frequency fares. The key assumptions are that passengers care about average delay, consequence committing to travel before knowing their departure times, they exhibit brand loyalty particular carriers. While the most general version is not amenable analysis, familiar functional-form produce tractable framework generates host useful comparative static results, along with clear-cut efficiency evaluation. also sheds light on phenomenon excess capacity.
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