| Summary |
Meng-Fu Hung, 2004.01
Graduate Institute of Transportation Science Tamkang University
After the high speed railway join the transport market at the end of 2006, and certainly, the public transport (airway, railway, freeway buses) of the western transportation corridor will be hit hard by it, especially the long route of airway. The high speed railway with high service quality and lower price. How to make tactics to increase the market competitiveness and gain the largest profit is an important subject for airway.
With transportations, the factors for the choice in favor of passengers is about fares, schedule, travel time. Because of the high speed railway join the transport market, The Airlines Alliances and it's feasibility are the points we're discussing about. So this research reviews the way of choosing of individuals, game theory, and the documents of the Airlines Alliances at first. We probe the competition of each transport and the various kinds of Airlines Alliances with modeling the profit functions and solving equilibrium fares under market equilibrium.
There are three major components of the payoff function : the demand model, the market share model, and the cost model. We use Bertrand model to solve equilibrium fares and frequency. And we use Stackelberg model to study each transport and have income which follows and leader to accept the situation. A case study of using survey date collected from passengers flying from Taipei to Tainan and from Taipei to Kaohsiung is presented to verify the effectiveness of the model.
The result of solving to find that transport under Bertrand model that having equilibrium rate will be slightly reduced after the high-speed railway is join to the traffic. It is best with class 19 that Airlines Alliances after the high-speed railway is join to the traffic, and Airlines Alliances is better than alone or the minority Alliances. Under Stackelberg model, high speed railway's income is better than Bertrand model, but accept the respect by way of Bertrand relatively tally in the overall income of transportation market. Analyse the respect in the social welfare, it is high before each transporting and having Bertrand model the total social welfare after the high speed railway is join to the traffic, and it is good to relatively have the social welfare with Stackelberg model relatively. |
