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A Game Theory Approach to Railroad-Shipper Negotiations

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  • Huneke, William

Abstract

Game theory provides a framework for analyzing problems when there are a small group of participants. This is unlike the economic model of perfect competition, which requires several participants. Game theory began as a way to analyze parlor card games, but has developed into a rigorous analytical technique for evaluating strategic interactions. These interactions could be between hostile countries, competing companies, or between a shipper and railroad. In fact, game theory provides a useful structure for analyzing the interactions between a shipper and a railroad. This paper models such interactions.

Suggested Citation

  • Huneke, William, 2006. "A Game Theory Approach to Railroad-Shipper Negotiations," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 45(1).
    • Handle: RePEc:ags:ndjtrf:206781
    DOI: 10.22004/ag.econ.206781
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    References listed on IDEAS

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