HighlightsThe port investment equilibria in a multi-port region in China are analysed.Port investment models for port company and port city are developed.The strategy spaces of a port company and a port city are determined respectively.A numerical analysis is done with the data of two ports in Liaoning province.

    AbstractThe port investment equilibria in a multi-port region in China are analysed. We present two models corresponding to two scenarios: port competition when port companies invest in port capacity for profit and port competition when port cities invest in port capacity for local GDP. It is verified that the profit-oriented investment in a multi-port region may reach Nash equilibrium, while the GDP-oriented investment cannot reach Nash equilibrium. The results of the case study show that the GDP-oriented investment is much greater than the profit-oriented investment. When the investment capacities of port cities are approximately the same, all port cities will actively invest in their ports, and a city’s higher average investment return may decrease its willingness to invest in its ports.


    Access

    Check access

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    The equilibria of port investment in a multi-port region in China


    Contributors:


    Publication date :

    2017-06-03


    Size :

    16 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English