Passive or proactive capacity sharing? A perspective of cooperation and competition between two regional ports

Port operations in an uncertain environment and compete with nearby ports in a same region to incentive carriers. In this paper, the authors consider a game-theoretical model to analyze the co-opetition between two ports with capacity sharing. Three competitive game interactions are discussed, namely, benchmark model, passive sharing, and proactive sharing to maximize the payoff by determining optimal berth quantity and service price. The observations show that when faced with a strengthened rival with sufficient capacity, the optimal ports’ decision for the capacity sharing mode is determined by the tradeoff between the benefit that is gained from the sharing capacity and the losses that are caused by port competition. Moreover, this research comprehensively examines how the port operation cost and the difference between the potential capacity demand of two terminals affect ports’ optimal strategy selection and presents a broad set of decision outcomes, which provides new insights for port coopetition.

• Record URL:
  https://doi.org/10.1080/03088839.2021.1876938
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/2899960
• Supplemental Notes:
  • © 2021 Informa UK Limited, trading as Taylor & Francis Group. Abstract reprinted with permission of Taylor & Francis.
• Authors:
  • Xu, Lang
  • Xie, Fengjue
  • Wang, Chuanxu
• Publication Date: 2022-5

Language

• English

Media Info

• Media Type: Web
• Features: References;
• Pagination: pp 492-509
• Serial:
  • Maritime Policy & Management
  • Volume: 49
  • Issue Number: 4
  • Publisher: Taylor & Francis
  • ISSN: 0308-8839
  • EISSN: 1464-5254
  • Serial URL: http://www.tandfonline.com/loi/tmpm20

Subject/Index Terms

• TRT Terms: Competition; Cooperation; Decision making; Game theory; Operating costs; Port capacity
• Subject Areas: Economics; Freight Transportation; Operations and Traffic Management; Planning and Forecasting; Terminals and Facilities;

Filing Info

• Accession Number: 01855054
• Record Type: Publication
• Files: TRIS
• Created Date: Aug 19 2022 9:22AM