Behavioral mechanism design for transportation services: Laboratory experiments and preference elicitation cost

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Abstract

We herein use the results of laboratory experiments to study the effects of preference-elicitation mechanisms on the efficiency of auctions. Transportation and reservation service providers need to know the potential user demand. However, the preference-elicitation method can impact the elicitation results. In this study, we experimentally analyze the effects of preference-elicitation mechanisms on users’ eliciting behaviors and on the efficiency of auction results. In addition, we show that our preference-elicitation mechanism can reduce users’ bidding cost and improve the efficiency of auction results. Finally, we examine users’ behaviors in laboratory experiments to estimate their preference-elicitation costs.

Original languageEnglish
Pages (from-to)231-245
Number of pages15
JournalTransportation Research Part B: Methodological
Volume115
DOIs
Publication statusPublished - 2018 Sep
Externally publishedYes

Keywords

  • Behavioral mechanism design
  • Laboratory experiments
  • Preference elicitation
  • Transportation service auction

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Transportation

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