2020
DOI: 10.3390/jmse8020100
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A Review of Game Theory Applications for Seaport Cooperation and Competition

Abstract: In the ever-changing maritime shipping industry, ports, and more specifically, container terminals, are always on the search for better policy and operational plan developments. As the maritime shipping sector changes, new areas of research emerge. In this paper, we present a review of recent game theory applications for seaport cooperation and competition, accompanied by summary review tables stating the study, the modeling technique used, the methodology and objective, and summary of the results of each stud… Show more

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Cited by 18 publications
(8 citation statements)
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“…It should be emphasized that both internal and external factors influence the functioning of such terminals [36][37][38]. Intense competition between intermodal cargo transport networks was observed [39][40][41][42]. Moreover, the majority of transshipment markets, similarly to main-haulage markets, were characterized as highly concentrated [5].…”
Section: Literature Reviewmentioning
confidence: 99%
See 1 more Smart Citation
“…It should be emphasized that both internal and external factors influence the functioning of such terminals [36][37][38]. Intense competition between intermodal cargo transport networks was observed [39][40][41][42]. Moreover, the majority of transshipment markets, similarly to main-haulage markets, were characterized as highly concentrated [5].…”
Section: Literature Reviewmentioning
confidence: 99%
“…The authors also brought to attention the implementation of quality management systems that influence the quality of performed operations [76]. According to Pujats et al [40], operators of container terminals are always seeking better policy and operational plan developments. The authors of the mentioned paper reviewed and investigated seaport and container terminal competition and cooperation involving various stakeholders.…”
Section: Literature Reviewmentioning
confidence: 99%
“…There is a great deal of work in the existing literature that uses game theory to study port competition and cooperation ( 41 46 ). Pujats et al ( 47 ) conducted a review on game theory applications for seaport cooperation and competition. They summarized the modeling techniques, methods, and goals used in the relevant studies, as well as the results of each study.…”
Section: Literature Reviewmentioning
confidence: 99%
“…A similar review was described by Pujats et al, (2020). In this review, 33 studies (with publication years from 2008 to 2019) were reviewed that used game-theoretical models for investigating port and container terminal competition and/or cooperation involving various types of port market participants and other stakeholders.…”
Section: Feasibility and Implementation Of Game-theoretical Port Comp...mentioning
confidence: 99%
“…In this review, 33 studies (with publication years from 2008 to 2019) were reviewed that used game-theoretical models for investigating port and container terminal competition and/or cooperation involving various types of port market participants and other stakeholders. Among all game-theoretical approaches used in the studies, the most applied according to Pujats et al, (2020) was found to be the Bertrand type of game, which accounted for 37% of all instances, followed by Cournot (29%), Hotelling (20%), Stackelberg (12%), and finally Nash Bargaining (2%). Almost half of all games were modeled in two stages, followed by one-stage games that accounted for one-third of all models, and the rest were three-stage games.…”
Section: Introductionmentioning
confidence: 99%