Strategic interaction amongst australia's east coast ports

Menezes, F.M., Pracz, M. and Tyers, R. (2007) Strategic interaction amongst australia's east coast ports. Australian Economic Review, 40 3: 267-278. doi:10.1111/j.1467-8462.2007.00451.x

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Author Menezes, F.M.
Pracz, M.
Tyers, R.
Title Strategic interaction amongst australia's east coast ports
Journal name Australian Economic Review   Check publisher's open access policy
ISSN 0004-9018
Publication date 2007
Sub-type Article (original research)
DOI 10.1111/j.1467-8462.2007.00451.x
Volume 40
Issue 3
Start page 267
End page 278
Total pages 12
Editor MacDonald, I.
Wooden, M.
Williams, R.
Place of publication Oxford
Publisher Blackwell Publishing
Collection year 2008
Language eng
Subject C1
Abstract Australia's principal container ports, located in its state capitals, are owned and operated by state authorities that largely return profits from port operations to state governments. Since they govern the volumes of trade in most merchandise, they command immense influence over the openness and flexibility of the national economy. In this study, we estimate the elasticities of substitution between container services of ports in Brisbane, Sydney and Melbourne. We also examine the pricing of port services to estimate the extent of their interaction, from which we derive conjectural variations parameters to assess the actual and potential levels of price collusion. The results confirm the conventional wisdom that the degree of substitution between the major east coast ports is small. While this highlights the possibility that these ports possess substantial market power, actual mark ups are considerably smaller than the predicted mark ups, suggesting that the ports' localised monopoly power is constrained by factors other than price competition.
Keyword Economics
Q-Index Code C1
Q-Index Status Confirmed Code

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
2008 Higher Education Research Data Collection
School of Economics Publications
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Citation counts: TR Web of Science Citation Count  Cited 2 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 4 times in Scopus Article | Citations
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Created: Mon, 18 Feb 2008, 15:14:20 EST