We develop a network congestion game to test a series of scenarios in order to analyse potential paths for change in air traffic management in Europe. The two stage game models air traffic control (ATC) providers that set charges and in the second stage airlines that choose flight paths given an airline schedule and the charges from the first stage. The scenarios analysed in the model include (...

A linear function submission-based double auction (LFS-DA) mechanism for a regional electricity network is proposed in this paper. Each agent in the network is equipped with a battery and a generator. Each agent simultaneously becomes a producer and consumer of electricity, i.e., a prosumer, and trades electricity in the regional market at a variable price. In the LFS-DA, each agent uses linear...

The purpose of this paper is to compare the interaction between pricing and capacity decisions on simple serial and parallel transport networks. When individual links of the network are operated by different regional or national authorities, toll and capacity competition is likely to result. Moreover, the problem is potentially complicated by the presence of both local and transit demand on eac...

Recently, significant reserves of natural gas have been identified in Mozambique and Tanzania. These resources may support a pathway to both economic growth and a low-carbon future. This natural gas could be used locally for a host of different applications such as cooking, power generation, transportation and fertilizer production. The aim of this paper is to investigate how the potential futu...

In a stochastic roadway congestion and pricing model, one scheme (omniscient pricing) relies on the full knowledge of each individual journey cost and of early and late penalties of the traveler. A second scheme (observable pricing) is based on observed queuing delays only. Travelers are characterized by late-acceptance levels. The effects of various late-acceptance levels on congestion pattern...

The purpose of this paper is to compare the interaction between pricing and capacity decisions on simple serial and parallel transport networks. When individual links of the network are operated by different regional or national authorities, toll and capacity competition is likely to result. Moreover, the problem is potentially complicated by the presence of both local and transit demand on eac...

Purpose – This paper explores the applied context of grocery retail pricing practice to understand how pricing executives approach ‘regular price’ decision-making (as opposed to promotional pricing). The study seeks to inductively develop a model of regular price decision-making in grocery retailing. Methodology – The research employs an inductive methodology involving interviews with pricing e...

Environment Provider Orderbook File Orderbook Distribution Abstract Orderbook Provider Pricing FactoryOrderbook Provider Pricing Factory Pricing Outcome CPLEX Adapter Abstract Solver VCG PricingSolver VCG Pricing

In this paper we explore the possibility, heretofor unexplored in the marketing literature, that firms “invest funds” in their pricing processes. This builds on some of the recent economic work on the costs of price adjustment. To do this we undertook a two-year, cross-disciplinary, ethnographic study on the nature of investments made by senior managers to enhance the effectiveness of the prici...