The resulting benefit obviously depends on the institutional
setting. Another possible setting can be that there is one profit-
maximizing operator that runs both train types. The realized time-
tables in the do-nothing and investment scenarios would then be
the ones that maximize the total PS, yielding an investment benefit
of 115 kSEK/h. A third possible setting is that both train types are
run by a public authority, maximizing social welfare. This would
give 2 regional and 3 long-distance trains in the do-nothing
scenario, and 3 regional trains and 5 long-distance trains in the
investment scenario, yielding an investment benefit of 101 SEK/h.In
any of these cases, the operator(s) can easily act strategically by
stating intended timetables that increase investment benefit
.