Title
Port Infrastructure: An Access Model for the Essential Facility
Date Issued
01 June 2003
Access level
metadata only access
Resource Type
conference paper
Author(s)
Inversion Infraestruct. Transp. U.P., Torre del Centro Cívico
Abstract
This paper analyses the main consequences for the seaport efficiency of an access regime recently introduced by the Peruvian regulator for the public transportation infrastructure (OSITRAN). Its objective is to make competition viable for services that use, as input, transport infrastructure controlled by a monopolist. It is based on two theoretical contributions, the 'Coase theorem' and the 'Demsetz approach', and minimises the government intervention risk. Both port operators and providers of port services now have incentives to negotiate conditions of access, which permit competition, or to compete for an exclusivity right when this is desirable. If the parties do not reach an agreement within a reasonable time, the Regulator can enact an access mandate that may punish any of the parties, creating incentives for them to reach a Nash Equilibrium. The model seems to be generating productive and allocative efficiencies in port services, thus contributing to a potential reduction in Peru's maritime transport costs.
Start page
116
End page
132
Volume
5
Issue
2
Language
English
OCDE Knowledge area
Economía, Negocios
Scopus EID
2-s2.0-0346902033
Source
Maritime Economics and Logistics
ISSN of the container
13881973
Sources of information: Directorio de Producción Científica Scopus