| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
|
| Título: |
BIDDING ON RAILCARS FOR GRAIN: A STRATEGIC ANALYSIS
|
| Autores: |
Wilson, William W.
Dahl, Bruce L.
|
| Data: |
1997-06-16
|
| Ano: |
1997
|
| Palavras-chave: |
Railcars
Guaranteed car service
Railcar allocation
Options
Guarantee
Bidding models
Valuation
Marketing
|
| Resumo: |
Many of the U.S. railroads have introduced highly differentiated services for grain shipments in recent years, generally in the area of forward guaranteed car service. Taken together with other alternatives, these mechanisms have had the effect of establishing priority allocations among shippers. In most cases, pricing and allocation of these services has been with some type of bidding mechanisms. This paper explores the economic implications of these mechanisms on the grain shipping industry. A model was developed to identify factors affecting the value of these services and was analyzed in the context of a typical midwestern grain shipment. A game theory model of competitive bidding was also developed to analyze the effects of critical strategic variables on equilibrium outcomes.
|
| Tipo: |
Working or Discussion Paper
|
| Idioma: |
Inglês
|
| Identificador: |
365
http://purl.umn.edu/23168
|
| Editor: |
AgEcon Search
|
| Relação: |
North Dakota State University>Department of Agribusiness and Applied Economics>Agricultural Economics Reports
Agricultural Economics Report 376
|
| Formato: |
22
application/pdf
|
