Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/94617
Title: | Vertical integration and capacity investment in a two-port system | Authors: | Jiang, C Fu, X Ge, YE Zhu, S Zheng, S Xiao, YB |
Issue Date: | 2021 | Source: | Transportmetrica. A, Transport science, 2021, v. 17, no. 4, p. 1431-1459 | Abstract: | We model the vertical investment of a container shipping line in the port capacity in a two-port system. Our analytical and numerical analyss suggests that the relative scale of the capacity investment depend on the initial port capacity and the relationship between the ports. When a port has a sufficiently large initial capacity and the ports do not have highly complementary operations, a vertical investment leads to higher investments. Moreover, the investment of a shipping line in a port always increases its own profit and reduces the competitor’s profit. However, when compared with port self-investment, vertical investment always reduces the local social welfare. | Keywords: | Capacity investment Container shipping Port Revenue sharing Vertical integration |
Publisher: | Taylor & Francis | Journal: | Transportmetrica A: Transport Science | ISSN: | 2324-9935 | EISSN: | 2324-9943 | DOI: | 10.1080/23249935.2020.1869349 | Rights: | © 2021 Hong Kong Society for Transportation Studies Limited This is an Accepted Manuscript of an article published by Taylor & Francis in Transportmetrica A: Transport Science on 11 Jan 2021 (published online), available at: http://www.tandfonline.com/10.1080/23249935.2020.1869349. |
Appears in Collections: | Journal/Magazine Article |
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File | Description | Size | Format | |
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Fu_Vertical_Integration_Capacity.pdf | Pre-Published version | 1.02 MB | Adobe PDF | View/Open |
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