Abstract
This paper considers a liner company that docks at one of two heterogeneous ports and selects either business cooperation or port investment. The results demonstrate that port investment always makes the port better off but may be detrimental for the liner company. Interestingly, when the liner company reaches a port investment agreement with one port, the other port also benefits. With port investment, the liner company and the two ports will raise the prices they charge to shippers, which means that the Pareto gains of the supply chain may be realized at the cost of extracting more surplus from shippers.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Transportation Research Part E: Logistics and Transportation Review
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
