Before revision:  This paper focuses on this competition in a hypothetical scenario--"if both AV and PT operators are profit-oriented ," and uses an ABM to quantitatively evaluate the system performance in this competition from the perspectives of four stakeholders--AV operator, PT operator, passengers, and public authority. In our model, AV operator updates its supply by changing fleet sizes while PT by adjusting headways, and both use heuristic approaches to update supply in order to increase profits.
After revision:  This paper focuses on this competition in a hypothetical scenario--"if both AV and PT operators are profit-oriented ," and uses an ABM to quantitatively evaluate the system performance in this competition from the perspectives of four stakeholders--AV operator, PT operator, passengers, and the transport authority. We also examine the impact of PT subsidies on the competition results including both demand-based and supply-based subsidies. A heuristic algorithm is proposed to update supply in order to increase profits.