| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 4923655 | Journal of Rail Transport Planning & Management | 2016 | 13 Pages |
Abstract
Results show that the incumbent reduced economy class prices by about 15%. The newcomer is slightly cheaper for bookings well in advance of the departure date, but raises prices in the very last days before departure. Their fare strategy also changed after three months of operations, when they applied lower prices. Finally, we see that Trenitalia does not respond to NTV's prices, whereas the opposite is true, demonstrating that the newcomer is the price-taker in the short-run.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science Applications
Authors
Paolo Beria, Renato Redondi, Paolo Malighetti,