Auction pricing of network access for North American railways

    Research output: Contribution to journalJournal articleResearchpeer-review

    Abstract

    The question of pricing train paths for "open access" railway networks in North America is discussed. An auction process is suggested as necessary to maintain transparency in the contracting process. Multiple random samples of auction pricing for a single track railway line demonstrate that the infrastructure entity will receive approximately 15.6% less than the true value of the contracted train paths. This loss of revenue threatens the objective of reducing government subsidy for the railway network. (C) 2012 Elsevier Ltd. All rights reserved.
    Original languageEnglish
    JournalTransportation Research. Part E: Logistics and Transportation Review
    Volume49
    Issue number1
    Pages (from-to)176-189
    ISSN1366-5545
    DOIs
    Publication statusPublished - 2013

    Keywords

    • Business and International Management
    • Management Science and Operations Research
    • Transportation
    • Pricing
    • Railway scheduling
    • Timetabling
    • Train pathing
    • accessibility
    • pricing policy
    • railway transport
    • subsidy system
    • transportation system
    • North America
    • ENGINEERING,
    • OPERATIONS
    • TRANSPORTATION
    • ECONOMICS
    • MANAGEMENT
    • AUCTIONS

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