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Design of a Combinatorial Bidding Market for Green Corridor Freight

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Author Info

  • Hultkrantz, Lars

    ()
    (Örebro University School of Business)

  • Lunander, Anders

    ()
    (Örebro University School of Business)

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    Abstract

    The Green Corridor (GC) initiative, pursued by the Swedish government and the European Commission, is intended to be a platform for innovation for long-distance freight transport aiming for more green and efficient solutions by enhanced use of economies of scale and development of new technologies. However, scale has to be traded off by two other aspects (i) freight transport time and reliability; and (ii) economies of scope. In this paper we present an already existing rail corridor case that highlights the need for tools (and/or markets) for making more efficient tradeoffs between economies of scale and scope in long-distance freight transport. This involves making very complex coordination of shipments that are differentiated with respect to origins-destinations, shipment size, time, time reliability requirements, regularity of shipments and involving both ex ante transport planning and real-time control. A market-based method that in principle could be used to solve such complex coordination is combinatorial auctioning and we briefly review a number of Swedish public tendering cases where this is done in practice. However, this raises questions on whether a fragmented vertically separated European rail industry can mobilize the “soft” market infrastructure needed to support a Green Corridor.

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    Bibliographic Info

    Paper provided by Örebro University, School of Business in its series Working Papers with number 2013:6.

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    Length: 19 pages
    Date of creation: 16 Apr 2013
    Date of revision:
    Handle: RePEc:hhs:oruesi:2013_006

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    Postal: Örebro University School of Business, SE - 701 82 ÖREBRO, Sweden
    Phone: 019-30 30 00
    Fax: 019-33 25 46
    Web page: http://www.oru.se/Institutioner/Handelshogskolan-vid-Orebro-universitet/
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    Keywords: Green Corridor; Sweden;

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    References

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    1. Vijay Krishna & Robert Rosenthal, 1995. "Simultaneous Auctions with Synergies," Papers 0056, Boston University - Industry Studies Programme.
    2. Lunander, Anders & Lundberg, Sofia, 2009. "Do Combinatorial Procurement Auctions Lower Cost? - An Empirical Analysis of Public Procurement of Multiple Contracts," UmeÃ¥ Economic Studies 776, Umeå University, Department of Economics, revised 16 Sep 2009.
    3. Soo Chew & Shigehiro Serizawa, 2007. "Characterizing the Vickrey combinatorial auction by induction," Economic Theory, Springer, vol. 33(2), pages 393-406, November.
    4. Yokoo, Makoto & Sakurai, Yuko & Matsubara, Shigeo, 2004. "The effect of false-name bids in combinatorial auctions: new fraud in internet auctions," Games and Economic Behavior, Elsevier, vol. 46(1), pages 174-188, January.
    5. Kagel, John H. & Levin, Dan, 2005. "Multi-unit demand auctions with synergies: behavior in sealed-bid versus ascending-bid uniform-price auctions," Games and Economic Behavior, Elsevier, vol. 53(2), pages 170-207, November.
    6. Holzman, Ron & Monderer, Dov, 2004. "Characterization of ex post equilibrium in the VCG combinatorial auctions," Games and Economic Behavior, Elsevier, vol. 47(1), pages 87-103, April.
    7. Anders Lunander & Jan-Eric Nilsson, 2004. "Taking the Lab to the Field: Experimental Tests of Alternative Mechanisms to Procure Multiple Contracts," Journal of Regulatory Economics, Springer, vol. 25(1), pages 39-58, January.
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