Elephants or Goldfish?: An Empirical Analysis of Carrier Reciprocity in Dynamic Freight Markets
A later version of this working paper has been published in a peer-reviewed journal and can be access here: https://doi.org/10.1016/j.tre.2020.102073
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Working Paper |
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MIT Center for Transportation & Logistics
2020
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| Online Access: | https://hdl.handle.net/1721.1/123694 |
| _version_ | 1826200855341170688 |
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| author | Acocella, Angela J. (Angela Josephine) Caplice, Chris Sheffi, Yossi |
| author2 | Massachusetts Institute of Technology. Center for Transportation & Logistics |
| author_facet | Massachusetts Institute of Technology. Center for Transportation & Logistics Acocella, Angela J. (Angela Josephine) Caplice, Chris Sheffi, Yossi |
| author_sort | Acocella, Angela J. (Angela Josephine) |
| collection | MIT |
| description | A later version of this working paper has been published in a peer-reviewed journal and can be access here: https://doi.org/10.1016/j.tre.2020.102073 |
| first_indexed | 2024-09-23T11:42:29Z |
| format | Working Paper |
| id | mit-1721.1/123694 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T11:42:29Z |
| publishDate | 2020 |
| publisher | MIT Center for Transportation & Logistics |
| record_format | dspace |
| spelling | mit-1721.1/1236942020-11-16T14:20:26Z Elephants or Goldfish?: An Empirical Analysis of Carrier Reciprocity in Dynamic Freight Markets Acocella, Angela J. (Angela Josephine) Caplice, Chris Sheffi, Yossi Massachusetts Institute of Technology. Center for Transportation & Logistics A later version of this working paper has been published in a peer-reviewed journal and can be access here: https://doi.org/10.1016/j.tre.2020.102073 Dynamic macroeconomic conditions and non-binding truckload freight contracts enable both shippers and carriers to behave opportunistically. We present an empirical analysis of carrier reciprocity in the US truckload transportation sector to demonstrate whether consistent performance and fair pricing by shippers when markets are in their favor result in maintained primary carrier tender acceptance when markets turn. The results suggest carriers have short memories: they do not remember shippers’ previous period pricing or tendering consistency when making freight acceptance decisions. However, carriers appear to be myopic and respond to shippers’ current market period behaviors, ostensibly without regard to shippers’ previous behaviors. 2020-02-05T14:20:28Z 2020-02-05T14:20:28Z 2020-01-23 Working Paper https://hdl.handle.net/1721.1/123694 MIT Global Supply Chain and Logistics Excellence Network Working Paper Series; 2020-mitscale-ctl-01 https://doi.org/10.1016/j.tre.2020.102073 application/pdf MIT Center for Transportation & Logistics |
| spellingShingle | Acocella, Angela J. (Angela Josephine) Caplice, Chris Sheffi, Yossi Elephants or Goldfish?: An Empirical Analysis of Carrier Reciprocity in Dynamic Freight Markets |
| title | Elephants or Goldfish?: An Empirical Analysis of Carrier Reciprocity in Dynamic Freight Markets |
| title_full | Elephants or Goldfish?: An Empirical Analysis of Carrier Reciprocity in Dynamic Freight Markets |
| title_fullStr | Elephants or Goldfish?: An Empirical Analysis of Carrier Reciprocity in Dynamic Freight Markets |
| title_full_unstemmed | Elephants or Goldfish?: An Empirical Analysis of Carrier Reciprocity in Dynamic Freight Markets |
| title_short | Elephants or Goldfish?: An Empirical Analysis of Carrier Reciprocity in Dynamic Freight Markets |
| title_sort | elephants or goldfish an empirical analysis of carrier reciprocity in dynamic freight markets |
| url | https://hdl.handle.net/1721.1/123694 |
| work_keys_str_mv | AT acocellaangelajangelajosephine elephantsorgoldfishanempiricalanalysisofcarrierreciprocityindynamicfreightmarkets AT caplicechris elephantsorgoldfishanempiricalanalysisofcarrierreciprocityindynamicfreightmarkets AT sheffiyossi elephantsorgoldfishanempiricalanalysisofcarrierreciprocityindynamicfreightmarkets |