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| Author: | Brewer, P. J. Plott, C. R. |
| Title: | A decentralized, smart market solution to a class of back-haul transportation problems: concepts and experimental test beds |
| Journal: | Interfaces
2002 : SEP-OCT, VOL. 32:5, p. 13-36 |
| Index terms: | Transport economics Costs Benchmarking Auctions Bidding Game theory |
| Language: | eng |
| Abstract: | The authors developed a decentralized approach in which s specially designed market organizes competition and information to minimize the cost of administrative negotiations or command-and-control types of scheduling. The authors employed laboratory experimental methods to tes the concept, examine its performance against theoretical benchmarks, and explore its limitations. |
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