@article{2269,
  abstract     = {{This paper presents a classroom experiment on pricing strategies available to monopolists. Each student makes production decisions as a monopolist during the experiment, learning from his/her own experiences what it means to be a price searcher. Full information is provided on cost conditions, while the demand function remains unknown to the participants. Given a sufficient number of periods, students will in principle be able to maximise their profits by applying a simple trial and error strategy. However, one of the objectives of the experiment is to demonstrate to students that search strategies based on economic principles are more efficient.</jats:p>}},
  author       = {{von Blanckenburg, Korbinian and Neubert, Milena}},
  issn         = {{2090-2123}},
  journal      = {{Economics Research International}},
  keywords     = {{Classroom experiment, monopoly, trial and error, pricing strategy}},
  pages        = {{1--10}},
  publisher    = {{Hindawi Publ. Corp.}},
  title        = {{{Monopoly Profit Maximization: Success and Economic Principles}}},
  doi          = {{10.1155/2015/875301}},
  year         = {{2015}},
}

@inbook{5932,
  abstract     = {{Groupage transports are frequently calculated based on freight rates assuming a declining rate with respect to volume and to transportation distance. This paper investigates the case of feeding many small shipments to customers via a freight forwarder network. It is argued that costs for post-carriage transport dominate other costs. Based on a theoretical estimate, simulation experiments for the case of a uniform distribution of customer locations around the subsidiary with a fixed shipment size per drop suggest that the aggregate costs grow progressively with increasing customer drop distances from the subsidiary. The resulting implications for transport modelling are discussed.}},
  author       = {{Boone, Nicholas and Quisbrock, Tim}},
  booktitle    = {{Advanced manufacturing and sustainable logistics : proceedings / 8th International Heinz Nixdorf Symposium, IHNS 2010, Paderborn}},
  isbn         = {{978-3-642-12461-7}},
  keywords     = {{cost-by-cause principle, freight forwarder, freight rates, network, overhead costs, pricing, simulation, transport}},
  location     = {{Paderborn}},
  pages        = {{332--344}},
  publisher    = {{Springer}},
  title        = {{{Modelling post-carriage transport costs in groupage networks}}},
  doi          = {{doi.org/10.1007/978-3-642-12494-5_30}},
  year         = {{2011}},
}