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Port Infrastructure: An Access Model for the Essential Facility

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  • Lincoln Flor

    ()
    (Organismo Supervisor de la Inversi�n en Infraestructura de Transporte de Uso P�blico (OSITRAN), Torre del Centro C�vico, Av. Bolivia 144, Piso 19, Lima 1, Per�.)

  • Enzo Defilippi

    ()
    (Organismo Supervisor de la Inversi�n en Infraestructura de Transporte de Uso P�blico (OSITRAN), Torre del Centro C�vico, Av. Bolivia 144, Piso 19, Lima 1, Per�.)

Abstract

This paper analyses the main consequences for the seaport efficiency of an access regime recently introduced by the Peruvian regulator for the public transportation infrastructure (OSITRAN). Its objective is to make competition viable for services that use, as input, transport infrastructure controlled by a monopolist. It is based on two theoretical contributions, the ‘Coase theorem’ and the ‘Demsetz approach’, and minimises the government intervention risk. Both port operators and providers of port services now have incentives to negotiate conditions of access, which permit competition, or to compete for an exclusivity right when this is desirable. If the parties do not reach an agreement within a reasonable time, the Regulator can enact an access mandate that may punish any of the parties, creating incentives for them to reach a Nash Equilibrium. The model seems to be generating productive and allocative efficiencies in port services, thus contributing to a potential reduction in Peru's maritime transport costs. Maritime Economics & Logistics (2003) 5, 116–132. doi:10.1057/palgrave.mel.9100075

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Bibliographic Info

Article provided by Palgrave Macmillan in its journal Maritime Economics & Logistics.

Volume (Year): 5 (2003)
Issue (Month): 2 (June)
Pages: 116-132

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Handle: RePEc:pal:marecl:v:5:y:2003:i:2:p:116-132

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Cited by:
  1. Enzo Defilippi, 2012. "Good regulations, bad regulation: a Peruvian port case," Maritime Policy & Management, Taylor & Francis Journals, vol. 39(6), pages 641-651, November.
  2. Theys, Christophe & Notteboom, Theo E. & Pallis, Athanasios A. & De Langen, Peter W., 2010. "The economics behind the awarding of terminals in seaports: Towards a research agenda," Research in Transportation Economics, Elsevier, vol. 27(1), pages 37-50.
  3. Defilippi, Enzo & Flor, Lincoln, 2008. "Regulation in a context of limited competition: A port case," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(5), pages 762-773, June.
  4. Enzo Defilippi Angeldonis, 2013. "X-factor estimation and controversies: the case of Lima´s airport," Working Papers 13-09, Departamento de Economía, Universidad del Pacífico, revised Oct 2013.
  5. Peter W. De Langen & Athanasios A. Pallis, 2005. "Analysis Of The Benefits Of Intra-Port Competition," Industrial Organization 0510003, EconWPA, revised 17 Oct 2005.
  6. Banerjee, Aparna & Gupta, Sudakshina, 2013. "Overseas trade vis-a-vis overseas shipping: Growth and performance in India (1999–2009)," Research in Transportation Economics, Elsevier, vol. 38(1), pages 101-109.
  7. Jasmine Lam & Wei Yap, 2006. "A measurement and Comparison of Cost Competitiveness of Container Ports in Southeast Asia," Transportation, Springer, vol. 33(6), pages 641-654, November.
  8. Kaselimi, Evangelia N. & Notteboom, Theo E. & Pallis, Athanasios A. & Farrell, Sheila, 2011. "Minimum Efficient Scale (MES) and preferred scale of container terminals," Research in Transportation Economics, Elsevier, vol. 32(1), pages 71-80.

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