Port Infrastructure: An Access Model for the Essential Facility
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.9100075Download Info
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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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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- 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.
- Peter W. De Langen & Athanasios A. Pallis, 2005. "Analysis Of The Benefits Of Intra-Port Competition," Industrial Organization 0510003, EconWPA, revised 17 Oct 2005.
- Enzo Defilippi, 2012. "Good regulations, bad regulation: a Peruavian report case," Working Papers 12-06, Departamento de Economía, Universidad del Pacífico, revised Aug 2012.
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