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Exclusive Licensing in Harbour Towage

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Author Info
Henry Ergas () (CRA International)
Teresa Fels () (CRA International)
Jason Soon () (CRA International)
Abstract

The question of whether exclusive licensing of the right to provide harbour towage services in ports can provide a superior outcome to open competition has been among the questions that have recently preoccupied Australian policymakers. The purpose of this paper is to evaluate the arguments for and against the introduction of exclusive licensing of harbour towage by way of a review of the more general literature on franchise bidding. The paper argues that the general policy trend in Australia towards greater acceptance of exclusive licensing arrangements for harbour towage in Australia is misguided because the costs of open entry tend to be overestimated while the practical difficulties of exclusive licensing tend to be underestimated.

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File URL: http://www.rnejournal.com/artman2/uploads/1/ergas-RNE_fels_soon_june_04.pdf
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Publisher Info
Article provided by Concept Economics in its journal Review of Network Economics.

Volume (Year): 3 (2004)
Issue (Month): 2 (June)
Pages: 145-167
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:rne:rneart:v:3:y:2004:i:2:p:145-167

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Related research
Keywords: franchise bidding; exclusive licensing; harbour towage; Australia.;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Demsetz, Harold, 1971. "On the Regulation of Industry: A Reply," Journal of Political Economy, University of Chicago Press, vol. 79(2), pages 356-63, March-Apr. [Downloadable!] (restricted)
  2. Klein, Benjamin, 1996. "Why Hold-Ups Occur: The Self-Enforcing Range of Contractual Relationships," Economic Inquiry, Oxford University Press, vol. 34(3), pages 444-63, July.
  3. Stephen C Littlechild, 2002. "Competitive Bidding for a Long-Term Electricity Distribution Contract," Review of Network Economics, Concept Economics, vol. 1(1), pages 1-38, March. [Downloadable!]
  4. W. Kip Viscusi & Joseph E. Harrington & John M. Vernon, 2005. "Economics of Regulation and Antitrust, 4th Edition," MIT Press Books, The MIT Press, edition 4, volume 1, number 026222075x, December.
  5. Joshua S. Gans & Stephen P. King, 2003. "Contestability, Complementary Inputs and Contracting: The Case of Harbour Towage," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 36(4), pages 415-427. [Downloadable!] (restricted)
  6. Yoshiro Miwa & J. Mark Ramseyer, 2000. "Rethinking Relationship-Specific Investments: Subcontracting in the Japanese Automobile Industry," CIRJE F-Series CIRJE-F-70, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
  7. Richard A. Posner, 1972. "The Appropriate Scope of Regulation in the Cable Television Industry," Bell Journal of Economics, The RAND Corporation, vol. 3(1), pages 98-129, Spring. [Downloadable!] (restricted)
  8. Oliver E. Williamson, 1976. "Franchise Bidding for Natural Monopolies -- in General and with Respect to CATV," Bell Journal of Economics, The RAND Corporation, vol. 7(1), pages 73-104, Spring. [Downloadable!] (restricted)
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