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Port Competition: The Chain Approach
Citation
Nguyen, H-O, Port Competition: The Chain Approach, Port Economics 2011 Proceedings, December 5-6, 2011, National University of Singapore, pp. 1-17. (2011) [Non Refereed Conference Paper]
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Abstract
The traditional view on port competition considers only the horizontal structure of this sector,
in which interaction between ports can be explained by oligopolistic models. The current
study examines interaction between ports under both horizontal and vertical structures, under
which two types of interactive behaviour, competition and coopetition coexist; although the
analysis presented in the study refers to ports, its results are also applicable to other sectors in
the transport industry, where chains exist. The mono-line chain structure is first considered to
derive the basic properties of coopetition and then extended to incorporate competition. The
study shows that chain service providers tend to increase the price to a level even higher than
monopoly price causing allocative inefficiency in transport/logistics chains that has not been
identified in the literature. This chain effect also impacts on equilibrium outcome and
competition between the chains in a transport/logistics network. It concludes that interaction
between service providers in a transport/logistics network is represented by competition
between its chains and coopetition within each chain. The policy and management
implications are also discussed.
Item Details
Item Type: | Non Refereed Conference Paper |
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Keywords: | port economics, pricing, transport policy, game theory, coopetition; oligopoly; game theoretic approach; ports |
Research Division: | Commerce, Management, Tourism and Services |
Research Group: | Transportation, logistics and supply chains |
Research Field: | Transportation, logistics and supply chains not elsewhere classified |
Objective Division: | Transport |
Objective Group: | Other transport |
Objective Field: | Other transport not elsewhere classified |
UTAS Author: | Nguyen, H-O (Associate Professor Oanh Nguyen) |
ID Code: | 84328 |
Year Published: | 2011 |
Deposited By: | NC Ports and Shipping |
Deposited On: | 2013-05-07 |
Last Modified: | 2013-06-27 |
Downloads: | 2 View Download Statistics |
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