Simulating mergers between stevedores

Maritime Economics and Logistics

Volumn 12, Issue 1, 2010, Pages 8-35

  Reynaerts, Jo ^a  

^a UNIVERSITY OF LEUVEN   (Belgium)

Author keywords

Antitrust Logit Model; Container handling; Differentiated goods; Discrete choice methods; Intra port competition; Merger simulation

Indexed keywords

EID: 77149180473     PISSN: 14792931     EISSN: 1479294X     Source Type: Journal    
DOI: 10.1057/mel.2009.17     Document Type: Conference Paper

References (43)

1. Anderson, S., de Palma, A. and Thisse, J.-F. (1992) Discrete Choice Theory of Product Differentiation. Cambridge, USA: The MIT Press.
2. ATENCO. (2001) Analysis of the cost structure of the main TEN ports. Brussels: European Commission. Commissioned study, http://www.espo.be/downloads/ archive/32edad14-8608-40b1-8358-5820861a6918.pdf.
3. Australian Productivity Commission. (2003) International benchmarking of container stevedoring. Commonwealth of Australia: The Productivity Commission. Commission Research Paper, http://www.pc.gov.au/-data/assets/pdf-file/0006/8259/ stevedoring.pdf.
4. Baumol, W. (1982) Contestable markets: An uprising in the theory of industry structure. American Economic Review 72(1): 1-15.
5. Berry, S. (1994) Estimating discrete-choice models of product differentiation. RAND Journal of Economics 25(2): 242-262.
6. Berry, S., Levinsohn, J. and Pakes, A. (1995) Automobile prices in market equilibrium. Econometrica 63(4): 841-890.
7. Containerisation International. (2001) Containerisation International Yearbook 2001. London: Informa Group plc.
8. Containerisation International. (2002) Containerisation International Yearbook 2002. London: Informa Group plc.
9. Cullinane, K.P.B. (2002) The productivity and efficiency of ports and terminals: Methods and applications. In: C. Grammenos (ed.) The Handbook of Maritime Economics and Business. London: Informa Professional, pp. 803-831.
10. De Langen, P. and Pallis, A. (2006) Analysis of the benefits of intra-port competition. International Journal of Transport Economics 33(1): 69-85.
11. Defilippi, E. (2004) Intra-port competition, regulatory challenges and the concession of Callao port. Maritime Economics & Logistics 6(4): 279-311.
12. Deneckere, R. and Davidson, C. (1985) Incentives to form coalitions with Bertrand competition. RAND Journal of Economics 16(4): 473-486.
13. Drewry Shipping Consultants. (2000) European Container Port Market Data. London: Drewry Shipping Consultants.
14. European Commission. (2001) Proposal for a directive of the European parliament and of the council on market access to port services. Communication, http://eur-lex.europa.eu/LexUriServ/site/en/com/2001/com2001-0035en01.pdf.
15. Ferrari, C. and Benacchio, M. (2000) Market structure in container terminal operators and port services. Paper presented at the IAME 2000 Conference; 13-15 September, Naples, Italy.
16. Fung, K. (1998) Essays on Hong Kong's container handling industry. PhD thesis, Hong Kong University of Science and Technology, Hong Kong.
17. Fung, M., Cheng, L. and Qiu, L. (2003) The impact of terminal handling charges on overall shipping charges: An empirical study. Transportation Research Part A 37(8): 703-716.
18. Hamburg Port Authority. (2006) Port news & facts. Container throughput worldwide, http://www.hafen-hamburg.de/content/view/34/33/lang,en/.
19. Hendricks, K. and McAfee, R. (2006) A theory of bilateral oligopoly. California Institute of Technology (mimeo).
20. Hotelling, H. (1929) Stability in competition. The Economic Journal 39(153): 41-57.
21. Kreps, D. and Scheinkman, J. (1983) Quantity precommitment and Bertrand competition yield cournot outcomes. The Bell Journal of Economics 14(2): 326-337.
22. Lagneaux, F. (2007) Economic Importance of the Belgian Ports: Flemish Maritime Ports and Liège Port Complex - Report 2005. Brussels, Belgium: National Bank of Belgium. NNB Working Paper 115.
23. Lam, J. and Yap, W. (2006) A measurement and comparison of cost competitiveness of container ports in Southeast Asia. Transportation 33(6): 641-654.
24. Lerner, A. (1934) The concept of monopoly and the measurement of monopoly power. Review of Economic Studies 1(3): 157-175.
25. McFadden, D. (1974) Conditional logit analysis of qualitative choice behavior. In: P. Zarembka (ed.) Frontiers in Econometrics. New York: Academic Press, pp. 105-142.
26. Morey, E. (1992) Derivation of the nested-logit model of consumer choice: A synthesis. University of Colorado (mimeo).
27. Motta, M. (2004) Competition Policy. Theory and Practice. Cambridge, UK: Cambridge University Press.
28. Naylor, R. (2002) Industry profits and competition under bilateral oligopoly. Economics Letters 77(2): 169-175.
29. Notteboom, T. (2002) Consolidation and contestability in the European container handling industry. Maritime Policy & Management 29(3): 257-269.
30. Ocean Shipping Consultants. (2000) North European Containerisation. Surrey, UK: Ocean Shipping Consultants.
31. Ocean Shipping Consultants. (2001) Antwerp Deurganckdock Study. Commissioned study. Surrey, UK: Ocean Shipping Consultants.
32. Ocean Shipping Consultants. (2002) Containerisation in North Europe to 2015. Surrey, UK: Ocean Shipping Consultants.
33. Ocean Shipping Consultants. (2005) The Proposed Directive on Market Access to Port Services and Container Terminal Operations in Northern Europe. A Critical Review. Surrey, UK: Ocean Shipping Consultants, http://www.informare.it/news/forum/2005/oscuk.asp.
34. Raad voor de Mededinging. (2001) Beslissing nr. 2001-C/C-41 van 3 augustus 2001 inzake CMB n.v., Hessenatie n.v. en Noord Natie n.v.. Brussels, BE: Belgian Competition Authority, Official ruling. Published in Belgisch Staatsblad, 28 March 2002, p. 13173, http://www.ejustice.just.fgov.be/ mopdf/2002/03/28-2.pdf.
35. Reynaerts, J. (2007) Product differentiation and competition in seaborne transport: The Le Havre-Hamburg range. Master of Advanced Studies in Economics (MASE) thesis, Katholieke Universiteit Leuven, Leuven.
36. Reynaerts, J. (2008) Fusiesimulatie in de Praktijk: De Fusie Tussen Hessenatie en Noord Natie. Tijdschrift voor Belgische Mededinging/Revue de la Concurrence Belge 3(2): 13-22.
37. Sjostrom, W. (2004) Ocean shipping cartels: A survey. Review of Network Economics 3(2): 107-113.
38. Small, K. and Rosen, H. (1981) Applied welfare economics with discrete choice models. Econometrica 49(1): 105-130.
39. Tirole, J. (1988) The Theory of Industrial Organization. Cambridge, USA: The MIT Press.
40. Train, K. (2003) Discrete Choice Methods with Simulation. Cambridge, UK: Cambridge University Press.
41. Van Cayseele, P. (2005) What merger simulation is not: Hessenatie-Noord Natie in retrospect. In: P.A. van Bergeijk and E. Kloosterhuis (eds.) Modelling European Mergers. Theory, Competition Policy and Case Studies. Cheltenham: Edward Elgar Publishing, pp. 187-200.
42. Werden, G. and Froeb, L. (1994) The effects of mergers in differentiated product industries: Logit demand and merger policy. Journal of Law, Economics & Organization 10(2): 407-426.
43. Williamson, O. (1968) Economies as an antitrust defence: The welfare tradeoffs. American Economic Review 58(1): 18-36.