Matches in SemOpenAlex for { <https://semopenalex.org/work/W645673652> ?p ?o ?g. }
Showing items 1 to 90 of
90
with 100 items per page.
- W645673652 abstract "This study models two ports, serving the same hinterland, competing strategically using both pricing and capacity investment. Both ports are profit maximizers, and port expansions are lumpy, indivisible and irreversible. The decision making process of the two ports is analyzed using a two-stage game. In the first stage, two ports compete with each other on capacity expansion. In the second stage, they follow Bertrand competition with differentiated products conditional on realized port capacities. Within this formulation, the authors show the existence of unique Nash equilibrium in the pricing sub game, and the change of the equilibrium price with operation cost, market demand determinants and capacity sizes using comparative statics. In the capacity investment game, they identified the pure strategy Nash equilibriums for different scenarios characterized by the incremental benefit of expansion and the annual capital cost of investment. Through both analytical study and numerical simulation, the authors show that the capacity expansion at any port will decrease the equilibrium prices at both ports,and thus are beneficial to the port users. A smaller port with more elastic demand and lower operation and investment cost is more likely to expand in an increasing market. Capacity expansion may result in lower total profit of the two ports, which is analogous to a Prisoner's Dilemma." @default.
- W645673652 created "2016-06-24" @default.
- W645673652 creator A5021588603 @default.
- W645673652 creator A5069507396 @default.
- W645673652 date "2009-08-01" @default.
- W645673652 modified "2023-09-27" @default.
- W645673652 title "Port Competition Using Capacity Expansion and Pricing" @default.
- W645673652 cites W1967704526 @default.
- W645673652 cites W1968016946 @default.
- W645673652 cites W1969076257 @default.
- W645673652 cites W1970284094 @default.
- W645673652 cites W2014974770 @default.
- W645673652 cites W2017360206 @default.
- W645673652 cites W2023231079 @default.
- W645673652 cites W2027072537 @default.
- W645673652 cites W2037657897 @default.
- W645673652 cites W2108216844 @default.
- W645673652 cites W2122658534 @default.
- W645673652 cites W2126340066 @default.
- W645673652 cites W2138376014 @default.
- W645673652 cites W2150137264 @default.
- W645673652 cites W2163056192 @default.
- W645673652 cites W2312669290 @default.
- W645673652 cites W2890465795 @default.
- W645673652 cites W3025428570 @default.
- W645673652 cites W3125903500 @default.
- W645673652 hasPublicationYear "2009" @default.
- W645673652 type Work @default.
- W645673652 sameAs 645673652 @default.
- W645673652 citedByCount "1" @default.
- W645673652 crossrefType "journal-article" @default.
- W645673652 hasAuthorship W645673652A5021588603 @default.
- W645673652 hasAuthorship W645673652A5069507396 @default.
- W645673652 hasConcept C119599485 @default.
- W645673652 hasConcept C127413603 @default.
- W645673652 hasConcept C162324750 @default.
- W645673652 hasConcept C175444787 @default.
- W645673652 hasConcept C17744445 @default.
- W645673652 hasConcept C181622380 @default.
- W645673652 hasConcept C18903297 @default.
- W645673652 hasConcept C199539241 @default.
- W645673652 hasConcept C27548731 @default.
- W645673652 hasConcept C32802771 @default.
- W645673652 hasConcept C46814582 @default.
- W645673652 hasConcept C48875124 @default.
- W645673652 hasConcept C86803240 @default.
- W645673652 hasConcept C91306197 @default.
- W645673652 hasConcept C94625758 @default.
- W645673652 hasConceptScore W645673652C119599485 @default.
- W645673652 hasConceptScore W645673652C127413603 @default.
- W645673652 hasConceptScore W645673652C162324750 @default.
- W645673652 hasConceptScore W645673652C175444787 @default.
- W645673652 hasConceptScore W645673652C17744445 @default.
- W645673652 hasConceptScore W645673652C181622380 @default.
- W645673652 hasConceptScore W645673652C18903297 @default.
- W645673652 hasConceptScore W645673652C199539241 @default.
- W645673652 hasConceptScore W645673652C27548731 @default.
- W645673652 hasConceptScore W645673652C32802771 @default.
- W645673652 hasConceptScore W645673652C46814582 @default.
- W645673652 hasConceptScore W645673652C48875124 @default.
- W645673652 hasConceptScore W645673652C86803240 @default.
- W645673652 hasConceptScore W645673652C91306197 @default.
- W645673652 hasConceptScore W645673652C94625758 @default.
- W645673652 hasLocation W6456736521 @default.
- W645673652 hasOpenAccess W645673652 @default.
- W645673652 hasPrimaryLocation W6456736521 @default.
- W645673652 hasRelatedWork W1565275337 @default.
- W645673652 hasRelatedWork W1979963750 @default.
- W645673652 hasRelatedWork W2021892138 @default.
- W645673652 hasRelatedWork W2187881863 @default.
- W645673652 hasRelatedWork W2299016557 @default.
- W645673652 hasRelatedWork W2358587764 @default.
- W645673652 hasRelatedWork W2528173792 @default.
- W645673652 hasRelatedWork W2893869035 @default.
- W645673652 hasRelatedWork W3005928419 @default.
- W645673652 hasRelatedWork W3037913988 @default.
- W645673652 hasRelatedWork W3111293645 @default.
- W645673652 hasRelatedWork W3122637407 @default.
- W645673652 hasRelatedWork W3122775991 @default.
- W645673652 hasRelatedWork W3123057870 @default.
- W645673652 hasRelatedWork W3123129106 @default.
- W645673652 hasRelatedWork W3124817670 @default.
- W645673652 hasRelatedWork W3124878308 @default.
- W645673652 hasRelatedWork W3142977833 @default.
- W645673652 hasRelatedWork W3151899569 @default.
- W645673652 hasRelatedWork W3188693327 @default.
- W645673652 isParatext "false" @default.
- W645673652 isRetracted "false" @default.
- W645673652 magId "645673652" @default.
- W645673652 workType "article" @default.