Optimization of the Pricing Strategies between Container Terminals under Deregulation
Author
Source
Mathematical Problems in Engineering
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-11-22
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Abstract EN
According to the dual-track system implemented on port tariffs in past years, the vast majority of state-owned container terminals adopt the standard rates specified by China’s Ministry of Transport, while the container terminals of joint ventures are permitted to charge their stevedoring rate with a 20% float ratio up and down.
The latest port reform was to improve the port tariff formation mechanism by speeding up the implementation of detailed list and public notice on port pricing.
This paper analyses the optimization of the pricing strategies between container terminals under deregulation.
Based on a two-stage noncooperative game theoretical model, the Nash equilibria of pricing strategy profiles between container terminals of one port under deregulation are derived.
Although the price-matching strategy may be employed by the foreign-owned container terminal, which usually resulting in a total social welfare loss, the price-matching pricing strategy not being adopted by the state-owned container terminal will avert tacit collusion.
Numerical simulation is applied to the case of Shenzhen Port.
American Psychological Association (APA)
Dong, Gang. 2018. Optimization of the Pricing Strategies between Container Terminals under Deregulation. Mathematical Problems in Engineering،Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1205728
Modern Language Association (MLA)
Dong, Gang. Optimization of the Pricing Strategies between Container Terminals under Deregulation. Mathematical Problems in Engineering No. 2018 (2018), pp.1-11.
https://search.emarefa.net/detail/BIM-1205728
American Medical Association (AMA)
Dong, Gang. Optimization of the Pricing Strategies between Container Terminals under Deregulation. Mathematical Problems in Engineering. 2018. Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1205728
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1205728