10027/22433
Hyosoo (Kevin) Park
Hyosoo
Park
Young-Tae Chang
Young-Tae
Chang
Bo Zou
Bo
Zou
Emission Control under Private Port Operator Duopoly
University of Illinois at Chicago
2018
emission standard
duopoly
port capacity
landlord port
2018-06-25 00:00:00
Journal contribution
https://indigo.uic.edu/articles/journal_contribution/Emission_Control_under_Private_Port_Operator_Duopoly/10955780
Recent trends in regulating maritime vessel emissions have negative effects on the competitiveness of many ports as regulations increase costs for shipping operators calling the ports. This paper develops analytical models to examine the emission standards set by governments for ports in their jurisdictions. Given the emission standards set by governments, which affects fuel cost experienced by shipping operators, ports determine charges for shipping operators. Unilateral, bilateral, and single-country regulation cases are investigated. Specifically, our analysis focuses on how increase in the maximum reservation price of shipping operators, port capacity, and environmental damage costs of ports affect optimal emission standards.