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A Game-based Model for Pricing and Timetabling in Liberalised Passenger Railway Markets

The 24th Conference of the International Federation of Operational Research Societies (IFORS 2026)

Date Jul 12, 2026 — Jul 17, 2026
Location Vienna, Austria
Authors
Ricardo Garcia-Rodenas, Maria Luz Lopez, Julio Alberto López-Gómez, José Ángel Martín Baos, Nikola Bešinović, Jan Eisold
A Game-based Model for Pricing and Timetabling in Liberalised Passenger Railway Markets
talk

Abstract

We propose a game-theoretic model for pricing and timetabling in liberalised passenger rail markets under vertical separation. Railway undertakings compete for train paths (on-rail competition) and subsequently set fares facing passenger demand (off-rail competition). Passenger choice is modelled through a nested logit structure. The resulting bi-level equilibrium model determines path bids and ticket prices. A column generation algorithm is developed and validated using data from the Spanish HSR Madrid–Barcelona corridor.