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

Soraya Hidalgo-Gallego, Ramón Núñez-Sánchez and Pablo Coto-Millán

Transportation Research Part A: Policy and Practice, 2021, vol. 143, issue C, 14-29

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.

Keywords: Strategic interdependence; Port infrastructure capacity; Port cooperation; Spanish ports (search for similar items in EconPapers)
JEL-codes: D24 D4 L1 L9 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:transa:v:143:y:2021:i:c:p:14-29

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DOI: 10.1016/j.tra.2020.11.012

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