Managing regional container terminal competition: the roles of information and government support
This paper examines a regional port system with two container terminals where terminal operators compete in service price and service quality. The authors study impacts of the information and the support provided by governments on the terminal operators’ decisions by proposing a two-stage game model to characterize this regional container terminal competition relationship. Through theoretical analysis, the authors derive the equilibrium solutions of the two terminal operators under different cases. The authors then compare these cases and conduct sensitivity analysis. It is found that: (1) the terminal operators can increase their incomes by adopting government support regardless of the strategy selected by the competing terminal; (2) a terminal operator is more willing to adopt the government support if its competitor does not adopt any support from the government; (3) the port government information is not always utilized by terminal operators unless the accuracy of information is sufficiently high.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/oclc/2899960
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Supplemental Notes:
- © 2021 Informa UK Limited, trading as Taylor & Francis Group. Abstract reprinted with permission of Taylor & Francis.
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Authors:
- Yi, Zelong
- Yang, Chunrao
- Yu, Mingzhu
- Publication Date: 2022-1
Language
- English
Media Info
- Media Type: Web
- Features: References;
- Pagination: pp 97-117
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Serial:
- Maritime Policy & Management
- Volume: 49
- Issue Number: 1
- Publisher: Taylor & Francis
- ISSN: 0308-8839
- EISSN: 1464-5254
- Serial URL: http://www.tandfonline.com/loi/tmpm20
Subject/Index Terms
- TRT Terms: Competition; Container terminals; Game theory; Regional economics
- Subject Areas: Economics; Freight Transportation; Marine Transportation; Planning and Forecasting; Terminals and Facilities;
Filing Info
- Accession Number: 01843077
- Record Type: Publication
- Files: TRIS
- Created Date: Apr 25 2022 10:04AM