Congestion and scarcity in scheduled transport modes
AbstractThis is a draft text for a chapter in Handbook on Research Methods in Transport Economics and Policy to be published by Edward Elgar Publishing. It provides an overview of issues related to scarcity in scheduled transport modes with emphasis on railways. The paper separates the scarcity or time-tabling problem into two analytical parts. The first concerns the challenges related with finding an approximate solution to the mathematically challenging NP complete problem. The second generic problem is related to base the solution to this challenge on the operators’ value of each departure slot.
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Bibliographic InfoPaper provided by CTS - Centre for Transport Studies Stockholm (KTH and VTI) in its series Working papers in Transport Economics with number 2012:25.
Length: 34 pages
Date of creation: 22 Nov 2012
Date of revision:
Contact details of provider:
Postal: Centrum för Transportstudier (CTS), Teknikringen 10, 100 44 Stockholm, Sweden
Web page: http://www.kth.se/abe/om_skolan/organisation/centra/cts
Time-tabling; Track scarcity; Runway scarcity; Willingness to pay;
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- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
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- R. Preston McAfee & John McMillan, 1996. "Analyzing the Airwaves Auction," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 159-175, Winter.
- Brewer, Paul J. & Plott, Charles R., 1996. "A binary conflict ascending price (BICAP) mechanism for the decentralized allocation of the right to use railroad tracks," International Journal of Industrial Organization, Elsevier, vol. 14(6), pages 857-886, October.
- Borenstein, Severin, 1988. "On the Efficiency of Competitive Markets for Operating Licenses," The Quarterly Journal of Economics, MIT Press, vol. 103(2), pages 357-85, May.
- Johnson Daniel & Nash Chris, 2008. "Charging for Scarce Rail Capacity in Britain: A Case Study," Review of Network Economics, De Gruyter, vol. 7(1), pages 1-24, March.
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