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The price of anarchy in truckload transportation spot markets
EURO Journal on Transportation and Logistics Pub Date : 2022-01-24 , DOI: 10.1016/j.ejtl.2022.100071
Michael Haughton 1 , Borzou Rostami 1, 2 , Shervin Espahbod 1
Affiliation  

A concept of relevance to spot markets for truck-based freight transportation services is the price of anarchy (PoA), which defines the performance inferiority of decentralized market mechanisms for consummating transactions (vis-à-vis centralized mechanisms). To examine this concept in the context of transportation spot markets, this study uses a combination of behavioral experiments and mathematical optimization. The paper's contributions to the research literature for that context involve (1) addressing the case of freight transportation service providers having service requests information spanning multiple periods; (2) analyzing multiple performance measures; (2) accounting for the performance effects of human behavior; and (3) introducing new behavioral experiments as well as novel and effective analytical procedures to tackle truck-to-load assignment problems. Among the paper's most salient findings is that when performance is measured as the market participants' financial outcome, human behavior in buyer-seller interactions could result in a doubling of the PoA.



中文翻译:

整车运输现货市场无政府状态的价格

与基于卡车的货运服务现货市场相关的一个概念是无政府状态价格( PoA ) 它定义了用于完成交易的去中心化市场机制(相对于中心化机制)的性能劣势。为了在运输现货市场的背景下检验这一概念,本研究结合了行为实验和数学优化。本文对相关研究文献的贡献包括 (1) 解决货运服务提供商的服务请求信息跨越多个时期的案例;(2) 分析多项绩效指标;(2) 考虑人类行为的绩效影响;(3) 引入新的行为实验以及新颖有效的分析程序来解决卡车到装载分配问题。在论文中'行动纲领

更新日期:2022-01-27
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