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Competition, Excess Capacity, and the Pricing of Port Infrastructure

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  • H E Haralambides

Abstract

The pricing of infrastructure, such as this of commercially competing ports, is one of the most controversial aspects of the global economy of the 21st century. The controversy arises from the need to reconcile the economic development impacts of infrastructure investments with the, under commercial terms, recovery of investment costs. In developed countries and regions, the role of ‘public investment’ is thus re-evaluated, while the concept of ‘competition on infrastructure’ is increasingly challenged by the need to establish a level playing field among competing ports. The paper shows how Marginal Cost Pricing of port infrastructure can be a powerful ‘pricing discipline’ towards achieving cost recovery and fair competition among ports. To succeed in this, the paper advocates for stronger policy intervention in order to ensure greater transparency of port accounting systems, better and more harmonised port statistics, a meaningful set of state aid guidelines, and stricter application of Competition Law in port infrastructure investments.International Journal of Maritime Economics (2002) 4, 323–347. doi: 10.1057/palgrave.ijme.9100053

Suggested Citation

  • H E Haralambides, 2002. "Competition, Excess Capacity, and the Pricing of Port Infrastructure," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 4(4), pages 323-347, December.
  • Handle: RePEc:pal:marecl:v:4:y:2002:i:4:p:323-347
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    Citations

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    Cited by:

    1. Hidalgo-Gallego, Soraya & Núñez-Sánchez, Ramón & Coto-Millán, Pablo, 2017. "Spatial non-price competition in port infrastructure services," MPRA Paper 80417, University Library of Munich, Germany.
    2. Isam Kaysi & Nabil Nehme, 2016. "Optimal investment strategy in a container terminal: A game theoretic approach," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 18(3), pages 250-263, September.
    3. Haralambides, Hercules & Gujar, Girish, 2011. "The Indian dry ports sector, pricing policies and opportunities for public-private partnerships," Research in Transportation Economics, Elsevier, vol. 33(1), pages 51-58.
    4. Tan, Zhijia & Li, Wan & Zhang, Xiaoning & Yang, Hai, 2015. "Service charge and capacity selection of an inland river port with location-dependent shipping cost and service congestion," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 76(C), pages 13-33.
    5. Hong-Oanh Nguyen & Anthony Chin & Jose Tongzon & Mahinda Bandara, 2016. "Analysis of strategic pricing in the port sector: The network approach," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 18(3), pages 264-281, September.
    6. repec:pal:marecl:v:19:y:2017:i:1:d:10.1057_s41278-017-0068-6 is not listed on IDEAS
    7. Koetse, M.J. & Rouwendal, J., 2008. "Transport and welfare consequences of infrastructure investment : a case study for the Betuweroute," Serie Research Memoranda 0012, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    8. Koetse, Mark J. & Rouwendal, Jan, 2010. "Rail investment and port competition: a case study for the Betuweroute," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 44, pages 57-75.
    9. Seo, Young-Joon & Park, Jin Suk, 2016. "The estimation of minimum efficient scale of the port industry," Transport Policy, Elsevier, vol. 49(C), pages 168-175.
    10. Carlos Barros & Hercules Haralambides & Mohamed Hussain & Nicolas Perpoch, 2011. "Seaport Efficiency and Productivity Growth," Chapters,in: International Handbook of Maritime Economics, chapter 17 Edward Elgar Publishing.
    11. Yang, Jinglei & Luo, Meifeng & Ji, Abing, 2016. "Analyzing the spatial–temporal evolution of a gateway’s hinterland: A case study of Shanghai, China," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 95(C), pages 355-367.
    12. Bandara, Yapa Mahinda & Nguyen, Hong-Oanh, 2016. "Influential factors in port infrastructure tariff formulation, implementation and revision," Transportation Research Part A: Policy and Practice, Elsevier, vol. 85(C), pages 220-232.
    13. Peter W. De Langen & Athanasios A. Pallis, 2005. "Analysis Of The Benefits Of Intra-Port Competition," Industrial Organization 0510003, EconWPA, revised 17 Oct 2005.

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