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A game theoretic “mode-choice” model for freight transportation

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  • Kjetil K. Haugen
  • Arild Hervik

Abstract

This paper uses simple game theory to analyze a situation where two agents compete in the transport market. The modeling frame is that of a mode choice model, where the two mode options are boat or car transportation. The basic findings are that non pareto optimal (car, car) equilibrium outcomes, may occur in a surprisingly large amount of cases. Additionally, the possible different Nash equilibria outcomes are fairly large leading to a situation which may be hard both to model and predict for regulatory authorities. Finally, in certain situations, subsidizing boat transportation may not lead to increased use of boat as transport modal choice. In final sections of the paper, the case of demand uncertainty is examined. The basic findings here, is that unique Nash equilibria where both agents choose car emerge as a consequence of added uncertainty. Copyright Springer-Verlag 2004

Suggested Citation

  • Kjetil K. Haugen & Arild Hervik, 2004. "A game theoretic “mode-choice” model for freight transportation," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 38(3), pages 469-484, September.
    • Handle: RePEc:spr:anresc:v:38:y:2004:i:3:p:469-484
    DOI: 10.1007/s00168-003-0179-0
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    Cited by:

    1. Mariia OLKHOVA & Yurii DAVIDICH & Dmytro ROSLAVTSEV & Nataliia DAVIDICH, 2017. "The Efficiency Of Transportating Perishable Goods By Road And Rail," Transport Problems, Silesian University of Technology, Faculty of Transport, vol. 12(4), pages 37-50, December.

    More about this item

    Keywords

    R41;

    JEL classification:

    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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