Horizontal port integrations under mixed ownership

IF 4.6 3区 工程技术 Q1 ECONOMICS
Lili Xu , Yuntong Yin , Sang-Ho Lee
{"title":"Horizontal port integrations under mixed ownership","authors":"Lili Xu ,&nbsp;Yuntong Yin ,&nbsp;Sang-Ho Lee","doi":"10.1016/j.retrec.2025.101520","DOIUrl":null,"url":null,"abstract":"<div><div>This study examines the effects of horizontal port integrations between public and private ports under mixed ownership. It distinguishes two different types of integrations between adjacent (A-type) and non-adjacent (N-type) integrations, wherein a private port integrates with a neighboring or non-adjacent public port, respectively. Our analysis reveals that, compared with no integration, both types of integrations are profitable for the merged port when the private share of mixed ownership is high. A-type integration consistently improves local and social welfare, whereas N-type integration only achieves this benefit with lower private share levels. However, compared with N-type integration, A-type integration benefits both the port industry and society but harms shippers. This examination of merged entities' non-uniform pricing strategies corroborates conclusions drawn under a uniform pricing regime and underscores the advisability of governmental promotion of integrations between private ports and their neighboring public counterparts.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"109 ","pages":"Article 101520"},"PeriodicalIF":4.6000,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in Transportation Economics","FirstCategoryId":"5","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0739885925000034","RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0

Abstract

This study examines the effects of horizontal port integrations between public and private ports under mixed ownership. It distinguishes two different types of integrations between adjacent (A-type) and non-adjacent (N-type) integrations, wherein a private port integrates with a neighboring or non-adjacent public port, respectively. Our analysis reveals that, compared with no integration, both types of integrations are profitable for the merged port when the private share of mixed ownership is high. A-type integration consistently improves local and social welfare, whereas N-type integration only achieves this benefit with lower private share levels. However, compared with N-type integration, A-type integration benefits both the port industry and society but harms shippers. This examination of merged entities' non-uniform pricing strategies corroborates conclusions drawn under a uniform pricing regime and underscores the advisability of governmental promotion of integrations between private ports and their neighboring public counterparts.
混合所有制下的横向港口整合
本研究探讨混合所有制下公私港口横向整合的影响。它区分了相邻(a型)和非相邻(n型)两种不同类型的集成,其中私有端口分别与相邻或非相邻的公共端口集成。我们的分析表明,与不整合相比,当混合所有权的私人份额较高时,两种类型的整合对合并的港口都是有利可图的。a型整合持续改善地方和社会福利,而n型整合只有在私人份额水平较低的情况下才能实现这一效益。然而,与n型整合相比,a型整合对港口行业和社会都有利,但对货主却不利。对合并实体的非统一定价战略的审查证实了在统一定价制度下得出的结论,并强调了政府促进私营港口与其邻近的公共港口之间整合的可取性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
8.40
自引率
2.60%
发文量
59
审稿时长
60 days
期刊介绍: Research in Transportation Economics is a journal devoted to the dissemination of high quality economics research in the field of transportation. The content covers a wide variety of topics relating to the economics aspects of transportation, government regulatory policies regarding transportation, and issues of concern to transportation industry planners. The unifying theme throughout the papers is the application of economic theory and/or applied economic methodologies to transportation questions.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信