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Allocation of track capacity: Experimental Evidence on the Use of Priority Auctioning in the Railway Industry
University of Dalarna.ORCID iD: 0000-0002-5814-917X
1999 (English)In: International Journal of Industrial Organization, ISSN 0167-7187, Vol. 17, no 8, 1139-1162 p.Article in journal (Refereed) Published
Abstract [en]

Allocation of track capacity concerns multiple users facing demand indivisibilities, running trains over an inelastic supply of railway tracks. The paper suggests a Vickrey-type mechanism to handle incentive aspects of this technically complex optimisation task. Here, the price for operating a train will correspond to the bids foregone by other operators who are pushed off their preferred routes. The paper reports the results of 11 experimental markets using variations of this mechanism where each market includes up to 10 trading periods, and subjects bid for routes over a highly stylised railway network. The experiments generated solutions that capture 90–100% of potential benefits.

Place, publisher, year, edition, pages
Elsevier, 1999. Vol. 17, no 8, 1139-1162 p.
Keyword [en]
Railway, Capacity, Trade, Price, Priority, Allocation, Optimum
National Category
Economics
Research subject
Railway: General works, surveys, comprehensive works, Railway: Economics
Identifiers
URN: urn:nbn:se:vti:diva-321DOI: 10.1016/S0167-7187(99)00016-8OAI: oai:DiVA.org:vti-321DiVA: diva2:666033
Available from: 2013-11-21 Created: 2013-11-21 Last updated: 2016-02-25Bibliographically approved

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Nilsson, Jan-Eric
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CiteExportLink to record
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Citation style
  • apa
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