Towards a liberalised European high speed railway sector: Analysis and modelling of competition using Game Theory

European Transport Research Review

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Table 4 Investment requirements results

Access Specific Constant (β₀₁, β₀₂)	Operational Costs (C₀₁, C₀₂)	Prices (€)		Profit (€)		Average number of trains needed	Net Present Value-NPV (€ mil.)
Access Specific Constant (β₀₁, β₀₂)	Operational Costs (C₀₁, C₀₂)	p₀₁	p₀₂	E₀₁	E₀₂	E₀₂	E₀₂
0	E₀₂ = E₀₁	59	59	26,048,059	26,048,059	8	13.7
0	E₀₂ < E₀₁	58	54	20,601,407	37,990,126	9	113.6
0,5	E₀₂ = E₀₁	61	58	32,865,643	22,670,325	7	−9.4
0,5	E₀₂ < E₀₁	59	53	25,937,573	33,076,591	9	69.6
1	E₀₂ = E₀₁	63	58	40,635,716	19,669,860	6	−27.4
1	E₀₂ < E₀₁	61	52	32,111,166	28,576,842	8	32.7