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Record W4220972597 · doi:10.1287/opre.2022.2288

Spatial Price Integration in Commodity Markets with Capacitated Transportation Networks

2022· article· en· W4220972597 on OpenAlexaff
John R. Birge, Timothy C. Y. Chan, J. Michael Pavlin, Ian Yihang Zhu

Bibliographic record

VenueOperations Research · 2022
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicMarket Dynamics and Volatility
Canadian institutionsWilfrid Laurier UniversityUniversity of Toronto
Fundersnot available
KeywordsBottleneckCommodityFlow networkEconomicsBounded functionMicroeconomicsSupply and demandEconometricsComputer scienceMathematical optimizationOperations managementMathematicsFinance

Abstract

fetched live from OpenAlex

The impact of transportation constraints in commodity markets has become increasingly relevant as many markets experience demand and supply growth that continues to outpace the growth in transportation infrastructure. In “Spatial Price Integration in Commodity Markets with Capacitated Transportation Networks,” Birge, Chan, Pavlin, and Zhu examine the relationship between the spatial distribution of commodity prices and the underlying transportation network that supports the flow of these commodities. The authors show that under mild assumptions, the prices between all locations must be bounded when there are no bottlenecks in the network. Conversely, a bottleneck can cause different locations to incur a congestion surcharge that pushes prices out of these bounds. The authors propose a time series analysis technique using mixed integer optimization that estimates the value of these surcharges from commodity prices and then apply the technique to study how gasoline prices changed after a series of well-documented supply chain disruptions in the Southeastern U.S. gasoline market.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.003
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesInsufficient payload (model declined to judge)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.604
Threshold uncertainty score0.999

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0030.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.001
Science and technology studies0.0010.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0020.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.054
GPT teacher head0.285
Teacher spread0.231 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations14
Published2022
Admission routes1
Has abstractyes

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