Game Theory and Port Economics: A Survey of Recent Research

Hidalgo-Gallego, Soraya; Núñez‐Sánchez, Ramón; Coto-Millán, Pablo

doi:10.1111/joes.12171

Cited by 21 publications

(13 citation statements)

References 35 publications

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“…Figure 5. Game Theory Source: Tejvan 2019Game theory as shown in Figure 5 analyses on the strategies for port managerial decisions Hidalgo, Nunez, & Coto (2017). Game theory focuses on investments, price policies, ownership on profits, social welfare, competitive position and performance, each of these factors has a vital role in ensuring the benefits of cluster formation are explored in a strategic point of view, these factors enhance the possibility to theoretically analyze the effects of port management decisions.…”

Section: Theoriesmentioning

confidence: 99%

“…Therefore, there will be more available spaces in ground slots or stack slots; which will attract larger ships to call. Consequently, since there is no congestion in the port, cargo handling will be efficient (Hidalgo, Nunez, & Coto, 2017;Kim, Kang, & Dinwoodie, 2016).…”

Section: The Factors That Shape Strategy To Build Transshipment Port mentioning

confidence: 99%

“…As the port authorities face the imperative to increase its port charges with the goal to increase the returns on investment. This strategy would, however, be counter-productive as other nations that stand to lose from the increase in charges will change their trading routes in response (Hidalgo, Nunez, & Coto, 2017). Malaysia will have to spend more on training its human resources so as to increase its capacity to handle technical aspects of operations.…”

Section: The Factors That Shape Strategy To Build Transshipment Port mentioning

confidence: 99%

“…Comparing port management decisions on managing employees" performance will affect reliability of service performance provided to port users. This way, strategies can be laid out for improved offerings over competitors (Hidalgo, Nunez, & Coto, (2017).…”

Section: The Factors That Shape Strategy To Build Transshipment Port mentioning

confidence: 99%

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Strategy to Build a Transshipment Port as a Catalyst to Achieving Critical Mass for Sabah’s Economic Growth

Tom¹

2019

IBR

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Digital transformation has led to a new era of port development at an unprecedented pace. China represents a large percentage of total global trades, navigating the maritime silk-road to various global and regional ports. In Malaysia, the lack of concrete justifications for the issue of transhipment port strategy leads to a debatable framework. Hence, the aim of the paper is to critically discuss the strategy to build a transhipment port as a catalyst to achieving critical mass for economic growth in Sabah. The study draws heavily on existing literature on the theoretical evidence and the possible factors that shape strategy to build transshipment port in Sabah. Based on reviewed literature, various resultant strategies adopted to stand for their interest are discussed. In this way, this paper provides not only theoretical insights, but also strategically guides managers of organisations in Sabah, government, and businesses values towards building a transshipment port in Sabah to effectively retire cabotage policy to reduce cost, enhance port throughput, develop hinterland for critical mass, enhance ports-economic clusters connectivity, eliminate capacity bottleneck, unlock natural resources export potential, align port service towards regional port users’ needs and to give regional port powers a run for their money.

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Section: Theoriesmentioning

confidence: 99%

Section: The Factors That Shape Strategy To Build Transshipment Port mentioning

confidence: 99%

Section: The Factors That Shape Strategy To Build Transshipment Port mentioning

confidence: 99%

Section: The Factors That Shape Strategy To Build Transshipment Port mentioning

confidence: 99%

See 2 more Smart Citations

Strategy to Build a Transshipment Port as a Catalyst to Achieving Critical Mass for Sabah’s Economic Growth

Tom¹

2019

IBR

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“…The game theory could deal with several problems related to port economics [2]. As a result, a considerable amount of researches about port competition/cooperation are based on the game theory.…”

Section: Introductionmentioning

confidence: 99%

Research on horizontal integrating strategy pricing game of competitive ports

Wang

Peng

2018

J. Phys.: Conf. Ser.

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Abstract. The homogenization of port services makes the competition among ports fierce. The long construction cycle makes it difficult for port companies to launch new differentiated services. Adopting horizontal integrating strategy to form a regional port group could more or less avoid the over competition for ports. In order to study the change of port companies' profit, market share from adopting horizontal integrating strategy, this paper developed a multiobjective optimization pricing game model for port companies based on game theory and MNL discrete choosing model and solved the pure strategy nash equilibrium with an numerical algorithm. From the numerical example, we obtained the optimized pricing strategies, integrating routes for highway transportation service as well as sensitivity analysis of user preference factor in the context of horizontal integrating strategy. The result shows that: When user preference factor is 0.008, adopting horizontal integrating strategy could bring 103% profit promotion for port company A and 45% for port company B. While such measure would reduce the profit from adopting vertical integrating strategy. Therefore port companies decide to cancel some integrating routes in both ends of the network in order to reduce the costs. Moreover, there's a collusion between two companies after adopting horizontal strategy. Decision making of both companies will aim at maximizing the profit of the group. Finally, the sensitivity analysis shows that with the growing of user preference factor  , profit of regional port group will become stable after a decrease while the difference of profit between two companies become larger. It's suggested that the regional port group should redistributes the profit so that the cooperation could be more persistent. Finally, port companies should also pay attention to self-development to avoid the profit loss when cooperation breaks or competition from outside.

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Literature Review and Background

Barreiro-Gómez

2018

The Role of Population Games in the Design of Optimization-Based Controllers

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Game Theory and Port Economics: A Survey of Recent Research

Cited by 21 publications

References 35 publications

Strategy to Build a Transshipment Port as a Catalyst to Achieving Critical Mass for Sabah’s Economic Growth

Strategy to Build a Transshipment Port as a Catalyst to Achieving Critical Mass for Sabah’s Economic Growth

Research on horizontal integrating strategy pricing game of competitive ports

Literature Review and Background

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