Regulation of Port Charges in Spain: Global versus Local Competition

Xavier Fageda and Marta Gonzalez-Aregall ()
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Marta Gonzalez-Aregall: Faculty of Economics, University of Barcelona

No 201217, IREA Working Papers from University of Barcelona, Research Institute of Applied Economics

Abstract: This article examines the determinants of traffic volumes and the revenues per tonne generated by Spain’s port authorities. The interest of the study lies on the strong differences between port authorities in a context of strict regulation but that provides some scope for price competition. We find that port charges influence the amount of traffic that a port is able to generate. Furthermore, we find clear evidence of local price competition and report mixed results for global competition. Revenues per tonne are higher in ports operating more international regular lines and with multinational terminal operators, while they are lower in ports with nearby competing facilities and where the market share of the dominant shipping firm is high.

Keywords: ports; revenues; traffic; prices JEL classification: - (search for similar items in EconPapers)
Pages: 33 pages
Date: 2012-10, Revised 2012-10
New Economics Papers: this item is included in nep-cse, nep-reg, nep-tre and nep-tur
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Persistent link: https://EconPapers.repec.org/RePEc:ira:wpaper:201217

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