Which terminals should expand investment: a perspective of internal non-cooperative competition in a port?
Which terminals should expand investment: a perspective of internal non-cooperative competition in a port?
- Neue Suche nach: Wang, Chuanxu
- Neue Suche nach: Xie, Fengjue
- Neue Suche nach: Xu, Lang
- Neue Suche nach: Wang, Chuanxu
- Neue Suche nach: Xie, Fengjue
- Neue Suche nach: Xu, Lang
With the increasing container cargo throughput and the arising of port congestion, container ports start to choose the investment expansion strategy to increase the port efficiency and then to figure out the problem of port congestion. To analyze this strategy, we formulate a non-cooperative game model for a two-terminals-one-port system, and derive the optimal equilibrium outcomes of the investment expansion strategy and investment constant strategy. In the game, we find that when the investment parameter of expansion strategy and impact of handling efficiency on demand changes, both pure-strategy Nash equilibrium and mixed-strategy Nash equilibrium exist, and two terminals are more likely to choose the investment expansion strategy in most cases. Numerical simulation is applied to explore the equilibrium strategy under different circumstance.
Dokumentinformationen
Which terminals should expand investment: a perspective of internal non-cooperative competition in a port?
Maritime Policy & Management ; 47 , 6 ; 718-735
2020-08-17
18 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt
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