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This study separates operational interoperability, fare integration and revenue-sharing governance in a stylised multi-operator bus network. An agent-based model implemented in NetLogo 7.0.3 represents passengers, buses and stations across 14 stations, nine routes and three operators. A 2 × 2 institutional design is complemented by financial clearing comparisons and 43,200 robustness runs: behavioural sensitivity (E1), a 243-configuration operational factorial (E2), and targeted joint behavioural–operational stress testing (E3). The audited experiment records show favourable interoperability effects on waiting, total travel time, transfers and realised generalised cost in all 1,944 E2 and 768 E3 configuration-level primary comparisons. Fare integration substantially reduces passenger expenditure but produces an aggregate deficit under the assumed accounting coefficients. Revenue-sharing rules redistribute operator-level outcomes without changing aggregate profit or passenger trajectories by construction. The model is intended to identify mechanisms and test conditional robustness, not predict city-specific policy effects. The paper contributes an explicit separation of access, pricing and settlement mechanisms coupled with reproducible factorial and stress-test comparisons.