Equal split in the informal market for group train travel
In this paper, we make use of a unique dataset collected at the central train station of the city of Kiel, Germany. Group tickets are used by individual proposers looking for co-travelers to share the ride with shortly before the train departure. The shared ride is offered for a fixed price. We obse...
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| Main Authors: | , , |
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| Format: | Article (Journal) |
| Language: | English |
| Published: |
2013
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| In: |
Economics letters
Year: 2013, Volume: 118, Issue: 2, Pages: 327-329 |
| ISSN: | 0165-1765 |
| DOI: | 10.1016/j.econlet.2012.10.013 |
| Online Access: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.econlet.2012.10.013 Verlag, lizenzpflichtig, Volltext: https://www.sciencedirect.com/science/article/pii/S0165176512005563 
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| Author Notes: | Israel Waichman, Till Requate, Artem Korzhenevych |
| Summary: | In this paper, we make use of a unique dataset collected at the central train station of the city of Kiel, Germany. Group tickets are used by individual proposers looking for co-travelers to share the ride with shortly before the train departure. The shared ride is offered for a fixed price. We observe that the prevailing price offer corresponds to an equal split of the ticket cost between the maximum possible number of co-travelers. This result is remarkable, because the positions of the bargaining parties are clearly asymmetric and formation of the full group is not guaranteed. |
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| Item Description: | Available online 29 November 2012 Gesehen am 23.09.2021 |
| Physical Description: | Online Resource |
| ISSN: | 0165-1765 |
| DOI: | 10.1016/j.econlet.2012.10.013 |