Competition between High-Speed Rail and Airline Based on Game Theory

Table 1

The first-stage game equilibrium results.

Item	HSR	Airline
Fare (RMB)	420	584 (including fuel costs)
Fare rate (RMB/km)	0.60	0.82
Daily passenger volume	11,433	5,072
Revenue (RMB)	2,572,600	1,075,303

Note: exchange rate: US $1 = 6.22 RMB.