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Congestion and scarcity in scheduled transport modes

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Abstract

This 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.

Suggested Citation

  • Nilsson, Jan-Eric, 2012. "Congestion and scarcity in scheduled transport modes," Working papers in Transport Economics 2012:25, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
  • Handle: RePEc:hhs:ctswps:2012_025
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    File URL: http://www.transportportal.se/SWoPEc/CTS-2012-25.pdf
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    References listed on IDEAS

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    1. 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.
    2. Michael H. Rothkopf & Aleksandar Pekev{c} & Ronald M. Harstad, 1998. "Computationally Manageable Combinational Auctions," Management Science, INFORMS, vol. 44(8), pages 1131-1147, August.
    3. R. Preston McAfee & John McMillan, 1996. "Analyzing the Airwaves Auction," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 159-175, Winter.
    4. 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.
    5. Severin Borenstein, 1988. "On the Efficiency of Competitive Markets for Operating Licenses," The Quarterly Journal of Economics, Oxford University Press, vol. 103(2), pages 357-385.
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    More about this item

    Keywords

    Time-tabling; Track scarcity; Runway scarcity; Willingness to pay;

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • 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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