𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Bargaining powers and market segmentation in freight transport

✍ Scribed by Michel Mouchart; Marie Vandresse

Publisher
John Wiley and Sons
Year
2007
Tongue
English
Weight
222 KB
Volume
22
Category
Article
ISSN
0883-7252

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

The heterogeneity of services in the freight transport market and the presence of imperfect information motivate the development of an empirical model for detecting market imperfection and bargaining powers of the two agents concluding a contract. The fact that agents typically bargain simultaneously on price and attributes leads to models without exogeneity assumption. The model is accordingly based on estimation of the support of the joint distribution of the price and of the attributes of the transport rather than on expectation of the price conditional to the attributes. The model proposes an innovative and integrated approach for measuring market imperfection and bargaining powers. Furthermore, the paper examines the sensitivity of the results to the choice of attributes and, in order to detect potential market segmentation, to selection of the data. The empirical work is based on a new dataset obtained from a survey based on face‐to‐face interviews, providing data on the price and qualitative attributes of a set of actual contracts negotiated on the Belgian freight market. Copyright Β© 2007 John Wiley & Sons, Ltd.

πŸ“œ SIMILAR VOLUMES

Tourism market segmentation in Iran
Tourism market segmentation in Iran
✍ Manoochehr Najmi; Ahmad Sharbatoghlie; Ali Jafarieh πŸ“‚ Article πŸ“… 2010 πŸ› John Wiley and Sons 🌐 English βš– 392 KB

## Abstract This study was a prototype segmentation of Iran's inbound tourism market with a concentration on culture. The focus of this paper was to introduce a step by step description of the methodology used to segment Iran's inbound tourism market. In the first phase, cluster analysis was employ

Cointegration, unbiased expectations, an
Cointegration, unbiased expectations, and forecasting in the BIFFEX freight futures market
✍ Michael S. Haigh πŸ“‚ Article πŸ“… 2000 πŸ› John Wiley and Sons 🌐 English βš– 170 KB πŸ‘ 2 views

The relationship between freight cash and futures prices is investigated using cointegration econometrics. Results illustrate that the BIFFEX futures market is unbiased, and hence efficient for the current, one, two, and quarterly contract horizons. Since the futures contract is based on an index of

Bargaining power and efficiencyβ€”rural ho
Bargaining power and efficiencyβ€”rural households in Ethiopia
✍ Holger Seebens; Johannes Sauer πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 411 KB

## Abstract It appears to be clear from literature that bargaining power associated with greater control over household resources affects the share of an individual's consumption, that is, higher bargaining power leads to higher levels of consumption. However, it has remained unexplored, if and in

Transaction costs and sequential bargain
Transaction costs and sequential bargaining in transferable discharge permit markets
✍ N.R. Netusil; J.B. Braden πŸ“‚ Article πŸ“… 2001 πŸ› Elsevier Science 🌐 English βš– 126 KB

Market-type mechanisms have been introduced and are being explored for various environmental programs. Several existing programs, however, have not attained the cost savings that were initially projected. Modeling that acknowledges the role of transactions costs and the discrete, bilateral, and sequ