IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

The economics behind the awarding of terminals in seaports: Towards a research agenda

  • Theys, Christophe
  • Notteboom, Theo E.
  • Pallis, Athanasios A.
  • De Langen, Peter W.

Terminal concessions in seaports have only recently gained interest in academic circles. Issues such as the allocation mechanisms (to be) used for granting those concessions, the determination of the concession term and concession fees, as well as the inclusion of special clauses aimed at assuring that the terminal operator will act in the interest of the port authority and the wider community, are increasingly relevant to both academics and the port industry. So far, insights from established economic theories have rarely been applied to terminal concessions in seaports. It, therefore, remains to be seen which kind of awarding procedure would be best for which type of terminal concession. This contribution provides a detailed overview of the different phases of the terminal awarding process, including a classification scheme for awarding procedures, and contains an extensive discussion on the economic issues that require further investigation. The paper concludes by proposing a comprehensive research agenda on the topic.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.sciencedirect.com/science/article/B8JHM-4Y7NJM2-1/2/5c2283ea97bc11fdf5cf77204b67c86a
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by Elsevier in its journal Research in Transportation Economics.

Volume (Year): 27 (2010)
Issue (Month): 1 ()
Pages: 37-50

as
in new window

Handle: RePEc:eee:retrec:v:27:y:2010:i:1:p:37-50
Contact details of provider: Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/620614/description#description

Order Information: Postal: http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
Web: https://shop.elsevier.com/order?id=714194&ref=714194_01_ooc_2&version=01

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.:

as in new window
  1. Emmanuel Guy & Bruno Urli, 2006. "Port Selection and Multicriteria Analysis: An Application to the Montreal-New York Alternative," Maritime Economics and Logistics, Palgrave Macmillan, vol. 8(2), pages 169-186, June.
  2. Henri�tte C Van Niekerk, 2005. "Port Reform and Concessioning in Developing Countries," Maritime Economics and Logistics, Palgrave Macmillan, vol. 7(2), pages 141-155, June.
  3. John Asker & Estelle Cantillon, 2008. "Properties of scoring auctions," RAND Journal of Economics, RAND Corporation, vol. 39(1), pages 69-85.
  4. repec:cup:cbooks:9780521551847 is not listed on IDEAS
  5. Bulow, Jeremy & Klemperer, Paul, 1996. "Auctions versus Negotiations," American Economic Review, American Economic Association, vol. 86(1), pages 180-94, March.
  6. repec:att:wimass:9123 is not listed on IDEAS
  7. Eduardo M.R.A. Engel & Ronald D. Fischer & Alexander Galetovic, 1998. "Least-Present-Value-of-Revenue Auctions and Highway Franchising," NBER Working Papers 6689, National Bureau of Economic Research, Inc.
  8. Paul Klemperer & Ken Binmore, 2001. "The Biggest Auction Ever: the Sale of the British 3G Telecom Licences," Economics Series Working Papers 2002-W04, University of Oxford, Department of Economics.
  9. Pallis, Athanasios A., 2007. "Chapter 11 Whither Port Strategy Theory and Practice in Conflict," Research in Transportation Economics, Elsevier, vol. 21(1), pages 343-382, January.
  10. E Defilippi, 2004. "Intra-Port Competition, Regulatory Challenges and the Concession of Callao Port," Maritime Economics and Logistics, Palgrave Macmillan, vol. 6(4), pages 279-311, December.
  11. Yeon-Koo Che, 1993. "Design Competition through Multidimensional Auctions," RAND Journal of Economics, The RAND Corporation, vol. 24(4), pages 668-680, Winter.
  12. Ian Ayres & Peter Cramton, 1996. "Deficit Reduction Through Diversity: How Affirmative Action at the FCC Increased Auction Competition," Papers of Peter Cramton 96slr, University of Maryland, Department of Economics - Peter Cramton, revised 09 Jun 1998.
  13. Klemperer, Paul, 1998. "Auctions with almost common values: The 'Wallet Game' and its applications," European Economic Review, Elsevier, vol. 42(3-5), pages 757-769, May.
  14. repec:cup:cbooks:9780521772518 is not listed on IDEAS
  15. Guasch, J. Luis & Laffont, Jean-Jacques & Straub, Stéphane, 2008. "Renegotiation of concession contracts in Latin America: Evidence from the water and transport sectors," International Journal of Industrial Organization, Elsevier, vol. 26(2), pages 421-442, March.
  16. Leonardo Rezende, 2009. "Biased procurement auctions," Economic Theory, Springer, vol. 38(1), pages 169-185, January.
  17. Erica L. Plambeck & Terry A. Taylor, 2007. "Implications of Renegotiation for Optimal Contract Flexibility and Investment," Management Science, INFORMS, vol. 53(12), pages 1872-1886, December.
  18. Hercules E Haralambides & Pierre Cariou & Marco Benacchio, 2002. "Costs, Benefits and Pricing of Dedicated Container Terminals," Maritime Economics and Logistics, Palgrave Macmillan, vol. 4(1), pages 21-34, March.
  19. repec:cup:cbooks:9780521536721 is not listed on IDEAS
  20. Eduardo M. R. A. Engel & Ronald D. Fischer & Alexander Galetovic, 2004. "How to Auction a Bottleneck Monopoly When Underhand Vertical Agreements are Possible," Journal of Industrial Economics, Wiley Blackwell, vol. 52(3), pages 427-455, 09.
  21. repec:cup:cbooks:9780521775908 is not listed on IDEAS
  22. J. Luis Guasch, 2004. "Granting and Renegotiating Infrastructure Concessions : Doing it Right," World Bank Publications, The World Bank, number 15024.
  23. Lincoln Flor & Enzo Defilippi, 2003. "Port Infrastructure: An Access Model for the Essential Facility," Maritime Economics and Logistics, Palgrave Macmillan, vol. 5(2), pages 116-132, June.
  24. T C Lirn & H A Thanopoulou & M J Beynon & A K C Beresford, 2004. "An Application of AHP on Transhipment Port Selection: A Global Perspective," Maritime Economics and Logistics, Palgrave Macmillan, vol. 6(1), pages 70-91, March.
  25. Peter W. De Langen & Athanasios A. Pallis, 2007. "Entry barriers in seaports," Maritime Policy & Management, Taylor & Francis Journals, vol. 34(5), pages 427-440, October.
  26. McAfee, R Preston & McMillan, John, 1987. "Auctions and Bidding," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June.
  27. Hazlett, Thomas W, 1998. "Assigning Property Rights to Radio Spectrum Users: Why Did FCC License Auctions Take 67 Years?," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 529-75, October.
  28. Kerf, M. & Gray, R.D. & Irwin, T. & Levesque, C. & Taylor, R.R. & Klein, M., 1998. "Concessions for Infrastructure. A Guide to their Design and Award," Papers 399, World Bank - Technical Papers.
  29. Sudong Ye & Robert Tiong, 2003. "The effect of concession period design on completion risk management of BOT projects," Construction Management and Economics, Taylor & Francis Journals, vol. 21(5), pages 471-482.
  30. Athanasios A Pallis & Theo E Notteboom & Peter W De Langen, 2008. "Concession Agreements and Market Entry in the Container Terminal Industry," Maritime Economics and Logistics, Palgrave Macmillan, vol. 10(3), pages 209-228, September.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:eee:retrec:v:27:y:2010:i:1:p:37-50. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.