How would co-opetition with dry ports affect seaports’ adaptation to disasters?

Xiangru Wu, Kun Wang, Xiaowen Fu, Changmin Jiang (Corresponding Author), Shiyuan Zheng

Research output: Journal article publicationJournal articleAcademic researchpeer-review

3 Citations (Scopus)

Abstract

The development of dry ports has reshaped the international freight shipping market, introducing both competition pressure (i.e., the common hinterland) and cooperation opportunities (sea-rail intermodal) for seaports. This is more evident in China with the development of the China Railway Express. Unlike dry ports, seaports are more vulnerable to climate change-related disasters, calling for investment in adaptation measures. This paper examines how co-opetition with the dry port affects seaport adaptation investment using a two-stage game-theoretical economic model. Results indicate that cooperation leads to more seaport adaptation investment, while competition results in reduced investment. When compared to the social optimal level of adaptation investment, the seaport tends to under-invest (over-invest) when the cooperation (competition) market size is larger. We also analyze how government subsidies in the seaport's adaptation help achieve optimal social adaptation and how the Knightian uncertainty of the disaster occurrence affects seaport adaptation investments. The relevant policy implications are also discussed.

Original languageEnglish
Article number104194
Number of pages20
JournalTransportation Research Part D: Transport and Environment
Volume130
DOIs
Publication statusPublished - May 2024

Keywords

  • Adaptation
  • Climate change
  • Co-opetition
  • Dry port
  • Game theory
  • Seaport

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Transportation
  • General Environmental Science

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