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An Experimental Comparison of Allocation Mechanisms in the Railway Industry
Dalarna University, School of Technology and Business Studies, Economics.ORCID iD: 0000-0002-4722-8788
2003 (English)In: Journal of Transport Economics and Policy, ISSN 0022-5258, E-ISSN 1754-5951, Vol. 37, no 3, p. 353-381Article in journal (Refereed) Published
Abstract [en]

Capacity of railway tracks is a scarce commodity that by nature is more complex than many other commodities. The paper presents results from a series of economic testbed experiments on the performance of different auctioning mechanisms for allocating track capacity between competing users. relevantThe auction mechanism will not only decide a price, it also serves to define the commodities (the particular departure-arrival time slots) that are demanded and selects which of these that are sold. Four combinations of pricing and stopping rules are compared. Realised allocations are very efficient for all four and also generate approximately equal revenue. The research provides input to the process of re-regulating an industry undergoing profound institutional change.

Place, publisher, year, edition, pages
The London School of Economics and the University of Bath , 2003. Vol. 37, no 3, p. 353-381
Identifiers
URN: urn:nbn:se:du-4416OAI: oai:dalea.du.se:4416DiVA: diva2:520133
Available from: 2010-01-11 Created: 2010-01-11 Last updated: 2017-12-07Bibliographically approved

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Isacsson, Gunnar

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CiteExportLink to record
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