A Game Theory Approach to Railroad-Shipper Negotiations

William Huneke

Journal of the Transportation Research Forum, 2006, vol. 45, issue 01

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.

Keywords: Industrial; Organization (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ndjtrf:206781

DOI: 10.22004/ag.econ.206781

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