A Game Theory Approach to Railroad-Shipper Negotiations

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.


Issue Date:
2006
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/206781
Published in:
Journal of the Transportation Research Forum, Volume 45, Number 1
Page range:
59-69
Total Pages:
12




 Record created 2017-04-01, last modified 2017-08-28

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