IDEAS home Printed from https://ideas.repec.org/a/taf/specan/v15y2020i3p311-335.html
   My bibliography  Save this article

Seaport adaptation to climate change-related disasters: terminal operator market structure and inter- and intra-port coopetition

Author

Listed:
  • Kun Wang
  • Hangjun Yang
  • Anming Zhang

Abstract

With the prevalence of global terminal operators in port operation, the market structure of terminal operator companies (TOCs) becomes more important in shaping intra- and inter-port competition and cooperation (i.e., coopetition). The port adaptation investment to climate change-related disaster might also be affected by such TOC intra- and inter-port coopetition. This paper examines analytically how the TOC market structure could affect ports’ adaptation investment. More specifically, it considers two landlord-type ports within a region that compete with each other. The two ports are subject to uncertain disaster threats and have an asymmetric number of TOCs. The analytical and numerical results suggest that more TOCs at the own port and the competing port have opposite impacts on the port's adaptation investment. An inter-port TOC joint venture would decrease the adaptation at both ports. Moreover, the TOC market structure is found to moderate the effect of disaster uncertainty on port adaptation. That is, TOC intra- and inter-port coopetition can strengthen or weaken ports’ sensitivity to disaster occurrence uncertainty. Finally, the regional welfare is found to increase monotonely with the two ports’ total adaptation. It is suggested that the regulators encourage new TOC entries while restricting inter-port TOC joint ventures. The cases with heterogeneous disaster uncertainties at the two ports are also examined.

Suggested Citation

  • Kun Wang & Hangjun Yang & Anming Zhang, 2020. "Seaport adaptation to climate change-related disasters: terminal operator market structure and inter- and intra-port coopetition," Spatial Economic Analysis, Taylor & Francis Journals, vol. 15(3), pages 311-335, July.
  • Handle: RePEc:taf:specan:v:15:y:2020:i:3:p:311-335
    DOI: 10.1080/17421772.2019.1708443
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/17421772.2019.1708443
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/17421772.2019.1708443?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zheng, Shiyuan & Wang, Kun & Fu, Xiaowen & Zhang, Anming & Ge, Ying-En, 2022. "The effects of information publicity and government subsidy on port climate change adaptation: Strategy and social welfare analysis," Transportation Research Part B: Methodological, Elsevier, vol. 166(C), pages 284-312.
    2. Zhang, Ming & Zeng, Xianyang & Tan, Zhijia, 2024. "Joint decision of green technology adoption and sailing pattern for a coastal ship under ECAs," Transport Policy, Elsevier, vol. 146(C), pages 102-113.
    3. Amitrajeet A. Batabyal & Henk Folmer, 2020. "Spatial economic aspects of climate change," Spatial Economic Analysis, Taylor & Francis Journals, vol. 15(3), pages 209-218, July.
    4. Li, Zhi-Chun & Wang, Mei-Ru & Fu, Xiaowen, 2021. "Strategic planning of inland river ports under different market structures: Coordinated vs. independent operating regime," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 156(C).
    5. Wang, Bi & Chin, Kwai Sang & Su, Qin, 2022. "Prevention and adaptation to diversified risks in the seaport–dry port system under asymmetric risk behaviors: Invest earlier or wait?," Transport Policy, Elsevier, vol. 125(C), pages 11-36.
    6. Tianni Wang & Mark Ching-Pong Poo & Adolf K. Y. Ng & Zaili Yang, 2023. "Adapting to the Impacts Posed by Climate Change: Applying the Climate Change Risk Indicator (CCRI) Framework in a Multi-Modal Transport System," Sustainability, MDPI, vol. 15(10), pages 1-21, May.
    7. Yang, Rui-feng & Hu, Rong & Xiao, Yi-bin & Deng, Xia & Wang, Kun, 2022. "Seaport's investment under disaster information asymmetry between public and private operators," Transport Policy, Elsevier, vol. 119(C), pages 89-112.
    8. Bi Wang & Kwai Sang Chin & Qin Su, 2022. "Risk management and market structures in seaport–dry port systems," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 24(1), pages 114-137, March.
    9. Zheng, Shiyuan & Wang, Kun & Li, Zhi-Chun & Fu, Xiaowen & Chan, Felix T.S., 2021. "Subsidy or minimum requirement? Regulation of port adaptation investment under disaster ambiguity," Transportation Research Part B: Methodological, Elsevier, vol. 150(C), pages 457-481.
    10. Zheng, Shiyuan & Fu, Xiaowen & Wang, Kun & Li, Hongchang, 2021. "Seaport adaptation to climate change disasters: Subsidy policy vs. adaptation sharing under minimum requirement," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 155(C).
    11. Zheng, Shiyuan & Wang, Kun & Chan, Felix T.S. & Fu, Xiaowen & Li, Zhi-Chun, 2022. "Subsidy on transport adaptation investment-modeling decisions under incomplete information and ambiguity," Transportation Research Part B: Methodological, Elsevier, vol. 162(C), pages 103-129.
    12. Zheng, Shiyuan & Jia, Rongwen & Shang, Wen-Long & Fu, Xiaowen & Wang, Kun, 2023. "Promote transport facility Resilience: Persuasion or Subsidy?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 176(C).
    13. Itoh, Ryo & Zhang, Anming, 2023. "How should ports share risk of natural and climate change disasters? Analytical modelling and implications for adaptation investments," Economics of Transportation, Elsevier, vol. 33(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:specan:v:15:y:2020:i:3:p:311-335. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RSEA20 .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.