期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2011
卷号：2011
期号：1
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：A key recent theme in maritime freight transport is the involvement of shipping
lines in terminal management. Such investments are costly but allow liners to
provide better service. Most of these new terminals are dedicated terminals but
some are non-exclusive and let rivals access them for a fee. In this paper, we show
that a shipping line that builds its own terminal finds it strategically profitable i) to
continue routing part of its cargo through the open port facilities, and ii) to keep its
terminal non-exclusive. In this way, the liner investor pushes part of the rival's
freight from the open to the new terminal. Besides, under non-exclusivities, the
shipping lines offer a wider variety of services, total freight increases and the
resulting equilibrium fares are higher than with a dedicated terminal.
