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Title: To cooperate or to compete: A game theoretic analysis on ports in malaysia and singapore
Authors: Ignatius, J.
Tan, T.S.
Dhamotharan, L.
Goh, M. 
Keywords: Game theory
Port competition
Port cooperation
Issue Date: 2018
Publisher: Vilnius Gediminas Technical University
Citation: Ignatius, J., Tan, T.S., Dhamotharan, L., Goh, M. (2018). To cooperate or to compete: A game theoretic analysis on ports in malaysia and singapore. Technological and Economic Development of Economy 24 (4) : 1776-1800. ScholarBank@NUS Repository.
Rights: Attribution 4.0 International
Abstract: The busiest container ports in the world are mostly situated in the Asian region, thus intensifying inter-port competition. Particularly unique in this region, is the shared history between Malaysia and Singapore, which was once ruled-under the British empire, has since become economic rivals for the Far East � Europe trade route. This provides a suitable context to investigate whether competition or a strategic alliance should be adopted for ports in terms of its benefit to the industry in the region as a whole. Specifically, this paper analyses the ocean freight traffic demand for the Far East-Europe route among three main transshipment ports located in Malaysia and Singapore: Port of Singapore (PSA), Port Klang (PKL), and Port of Tanjung Pelepas (PTP). The paper provides a scenario analysis of the 3-way interaction through a game theoretic model. The results suggest that a strategic alliance between PSA and PTP generates greater profitability to the current hub and spoke network, while PKL should not commit to any cooperative strategy with either PSA or PTP. � 2018 The Author(s).
Source Title: Technological and Economic Development of Economy
ISSN: 20294913
DOI: 10.3846/20294913.2016.1213206
Rights: Attribution 4.0 International
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