A game-theoretical approach for modeling competitions in a maritime supply chain

Liying Song, Dong Yang, Anthony Theng Heng Chin, Guangzhi Zhang, Zhengbing He, Wei Guan and Baohua Mao

Maritime Policy & Management, 2016, vol. 43, issue 8, 976-991

Abstract: To accommodate the structural changes in logistics, competitions along a maritime supply chain are more intensive than before. This paper adopts a two-stage noncooperative game-theoretical approach to model the horizontal and vertical interactions among liners and ports. In the first stage, Bertrand game is applied to model the interactions between two liners. When the shipping line decides which port to call, a multinomial Logit model is applied. In the second stage, Bertrand game is applied to model the competitions between two ports. Nash equilibrium is derived by solving the Bertrand games. A numerical example is provided as a case study.

Date: 2016
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Citations: View citations in EconPapers (9)

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DOI: 10.1080/03088839.2016.1231427

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