Strategic interdependence in capacity expansion: A spatial analysis for port infrastructure services
This study analyses the possible existence of spatial interdependence in port authorities' capacity expansions in the port industry. We propose a dynamic model that allows quantifying the degree of port authorities' interdependence in capacity decisions and simulating a hypothetical scenar...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2021 |
| País: | España |
| Institución: | Universidad de Cantabria (UC) |
| Repositorio: | UCrea Repositorio Abierto de la Universidad de Cantabria |
| Idioma: | inglés |
| OAI Identifier: | oai:repositorio.unican.es:10902/31391 |
| Acceso en línea: | https://hdl.handle.net/10902/31391 |
| Access Level: | acceso abierto |
| Palabra clave: | Strategic interdependence Port infrastructure capacity Port cooperation Spanish ports |
| Sumario: | This study analyses the possible existence of spatial interdependence in port authorities' capacity expansions in the port industry. We propose a dynamic model that allows quantifying the degree of port authorities' interdependence in capacity decisions and simulating a hypothetical scenario of cooperation agreements among different port authorities. The econometric specification is based on a structural model of demand, cost and market equilibrium. The empirical results suggest that strategic interdependence exists in port infrastructure services. Furthermore, using a simulation analysis, we show that incentives to invest in port capacity increase under a cooper-ative setting. |
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