Work

Modelling dynamic structures of fares in high-speed rail market

Year: 2025

Type: article

Abstract: The entering of High Speed Rail (HSR) passenger services generate competition in the market with other rail services, other HSR companies, and other transport modes. The dynamic structure of fares in the HSR market assume an important role in the supply of scheduled transport services and in the users’ choices of alternative modes and services at intercity level. The HSR fare structures, similarly to the air services, are characterized by evolutions and changes over time. The fares variations are caused by several factors connected both to travelers’ behavior (e.g., day of planned trip, time interval between the day of ticket purchasing and the day of planned trip) and to strategies of the companies supplying the HSR services (e.g., fare category, commercial policies). The paper presents some fare model specifications for the representation for the dynamic variation over time of HSR fares taking into account the reference temporal variables. The aim of the study is to identify and compare the characteristics of the fares evolution over time, by means of a method that allows a dynamic analysis.

Source: Transportation research procedia

DOI: 10.1016/j.trpro.2025.06.085

Authors: Francesco Russo, Domenico Sgro, Giuseppe Musolino

Institution: University of Reggio Calabria

Language: English

Topic: Transport and Economic Policies

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

Funders: European Commission, Ministry of Science and Technology of the People's Republic of China, Ministero dell'Istruzione e del Merito

Award: G1175062043