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Investigation of carriers’ ability to transfer toll increases: an empirical analysis of freight agents’ relative market power

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Listed:
  • Dapeng Zhang

    (Virgin Hyperloop One)

  • Xiaokun Wang

    (Rensselaer Polytechnic Institute)

  • José Holguín-Veras

    (Rensselaer Polytechnic Institute)

  • Wei Zou

    (Rensselaer Polytechnic Institute)

Abstract

Design of effective freight policies requires a comprehensive understanding of freight agents’ interactions. A critical component of the interaction is the freight agents’ relative market power in determining delivery price, time, and frequency. However, empirical studies of freight agents’ market power are limited. This study explores freight carriers’ market power relative to receivers’ by investigating carriers’ ability to transfer toll increases. A stated preference survey is conducted to understand carriers’ willingness to transfer hypothetical toll increases to receivers. The relationship of various factors and the ability to transfer toll increases is first examined by descriptive statistics. Then, regression models are estimated as a function of respondents’ socioeconomic factors, market conditions, hypothetical toll increases, and other factors. Marginal effects of influential factors are obtained to reveal policy implications.

Suggested Citation

  • Dapeng Zhang & Xiaokun Wang & José Holguín-Veras & Wei Zou, 2019. "Investigation of carriers’ ability to transfer toll increases: an empirical analysis of freight agents’ relative market power," Transportation, Springer, vol. 46(6), pages 2291-2308, December.
    • Handle: RePEc:kap:transp:v:46:y:2019:i:6:d:10.1007_s11116-018-9930-3
    DOI: 10.1007/s11116-018-9930-3
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    Cited by:

    1. Wang, Xiaokun Cara & Kim, Woojung & Zhang, Dapeng, 2023. "What to do in response to toll increases: A behavioral analysis of freight carriers in New York State," Transportation Research Part A: Policy and Practice, Elsevier, vol. 173(C).
    2. Dapeng Zhang & Xiaokun (Cara) Wang, 2020. "Investigation of Freight Agents’ Interaction Considering Partner Selection and Joint Decision Making," Sustainability, MDPI, vol. 12(9), pages 1-15, May.

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