Optimal concession contracts for landlord port authorities to maximise fee revenues

@inproceedings{Chen2014OptimalCC,
  title={Optimal concession contracts for landlord port authorities to maximise fee revenues},
  author={Hsiao Chi Chen and Shi Miin Liu},
  year={2014}
}
This paper analyses optimal concession contracts offered by a landlord port authority to competing operators of container terminals. The port authority pursues fee-revenue maximisation. Three contract schemes considered are fixed-fee, unit-fee, and two-part tariff. A two-stage game is constructed to characterise interactions between the port authority and two terminal operators. In the first stage, the port authority announces a contract. Then terminal operators compete for cargo amounts in the… CONTINUE READING