| Budget Amount *help |
¥4,810,000 (Direct Cost: ¥3,700,000、Indirect Cost: ¥1,110,000)
Fiscal Year 2015: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2014: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Fiscal Year 2013: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Outline of Final Research Achievements |
We develop a model of port competition in a setting with two ports located in different countries, serving their home market but also competing for transshipment traffic from a third region. Using the model, we investigate the choice of two governments whether to privatize its port or to keep port operations public. We show that there exist equilibria in which the two governments choose privatization. In these equilibria, national welfare is higher relative to a situation where both ports are public. We further extend the model to incorporate the scale economy in port operation and describe the strategic capacity choice of port operators. We investigate the effect of scale economy on the port capacities in equilibrium, and examine whether the resulting capacities are at the efficient level.
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