Details

Autor(en) / Beteiligte

• Nerja, Adrián
• Sánchez, Mariola

Titel

The impact of revenue-sharing contracts on parallel shipping alliances

Ist Teil von

• Transport Economics and Management, 2023-12, Vol.1, p.77-85

Ort / Verlag

Elsevier Ltd

Erscheinungsjahr

2023

Link zum Volltext

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• In this paper, we explore the effect of revenue-sharing contracts between ports and shipping lines to counter the negative effects of parallel shipping alliances. We consider a vertical structure approach formed by port-shipping line chains, where ports are considered the upstream market, while shipping lines are the downstream market. Then, we propose the vertical integration of both chains as a solution to the loss of welfare because of the shipping alliance. We find that when ports may influence the downstream markets, welfare increases, and it is a proper ports response that port horizontal cooperation. •Shipping alliances reduce traffic and welfare.•Horizontal cooperation between ports generates a monopoly situation.•Vertical integration between ports and shipping lines improves performance.•Revenue-sharing contracts improve welfare, generating a more competitive market.