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Strategic interdependence in capacity expansion: a spatial analysis for port infrastructure services

Abstract: 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 cooperative setting.

 Autoría: Hidalgo-Gallego S., Núñez-Sánchez R., Coto-Millán P.,

 Fuente: Transportation Research Part A: Policy and Practice, 2021, 143, 14-29

 Editorial: Elsevier Ltd

 Año de publicación: 2021

 Nº de páginas: 16

 Tipo de publicación: Artículo de Revista

 DOI: 10.1016/j.tra.2020.11.012

 ISSN: 0965-8564,1879-2375