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Table 5 Summary of results arising from solving the Nash-Bertrand equilibrium and the reaction functions

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

Price

Maximum profits results

E 01

E 02

Equilibrium prices

E 01

E 02

Reaction function

E 01

E 02

 

Equilibrium solution

Equilibrium demand

E 01

E 02