Competition of high-speed train with air transport: The case of Madrid–Barcelona

This paper analyzes the potential competition of the high-speed train with the air transport between Madrid and Barcelona. The analysis estimates disaggregated mode choice models using information provided by mixed revealed and stated preferences database. We obtained different willingness-to-pay measures for improving service quality. In general, values for travel time savings are higher for mandatory trips and increases as the level of comfort falls. We also obtained a high willingness-to-pay estimate for reductions in delay time, being higher in the case of high-speed train than for air transport. Demand responses to various policy scenarios that consider the potential competition between high-speed train and air transport are examined.