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Port concession fees based on the price-cap regulation: A DEA approach

Author

Listed:
  • Claudio Ferrari

    (Department of Economics and Quantitative Methods (DiEM), University of Genoa, Via Vivaldi 5, Genoa 16126, Italy)

  • Manuela Basta

    (Department of Economics and Quantitative Methods (DiEM), University of Genoa, Via Vivaldi 5, Genoa 16126, Italy)

Abstract

In Italy, the concessions of port terminals to stevedoring companies are currently governed by the 84/1994 law; notwithstanding Port Authorities have some discretion in charging and defining the fees. As a result, the way concessions fees are charged is not efficient and this will not provide necessary incentives for port operators to boost throughput. This paper suggests an alternative definition for the fee through a price-cap rule, which sets the fee according to the efficiency degree of each port terminal. The efficiency measure is derived from a comparison among a set of competitors, using a data envelopment analysis output-orientated model. In particular, the paper focuses on some of the outstanding results, which are derived from the adoption of the suggested concession's scheme in the main container terminals of the port of Genoa. Maritime Economics & Logistics (2009) 11, 121–135. doi:10.1057/mel.2008.20

Suggested Citation

  • Claudio Ferrari & Manuela Basta, 2009. "Port concession fees based on the price-cap regulation: A DEA approach," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 11(1), pages 121-135, March.
    • Handle: RePEc:pal:marecl:v:11:y:2009:i:1:p:121-135
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    Citations

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    Cited by:

    1. Rui Cunha Marques & Álvaro Fonseca, 2010. "Market structure, privatisation and regulation of Portuguese seaports," Maritime Policy & Management, Taylor & Francis Journals, vol. 37(2), pages 145-161, March.
    2. Hsiao-Chi Chen & Shi-Miin Liu, 2015. "Optimal concession contracts for landlord port authorities to maximize traffic volumes," Maritime Policy & Management, Taylor & Francis Journals, vol. 42(1), pages 11-25, January.
    3. Claudio Ferrari & Pier Paolo Puliafito & Alessio Tei, 2019. "Dynamics in terminal concessions: the role of performances," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 21(1), pages 99-110, March.
    4. Theo Notteboom & Jean-Paul Rodrigue, 2023. "Maritime container terminal infrastructure, network corporatization, and global terminal operators: Implications for international business policy," Journal of International Business Policy, Palgrave Macmillan, vol. 6(1), pages 67-83, March.
    5. Zheng, Shiyuan & Ge, Ying-En & Fu, Xiaowen & (Marco) Nie, Yu & Xie, Chi, 2020. "Demand information sharing in port concession arrangements," Transportation Research Part B: Methodological, Elsevier, vol. 138(C), pages 118-143.
    6. Han, Wenqing & Liu, Shi-Miin & Chen, Hsiao-Chi, 2020. "Optimal concession contracts for landlord port authorities under incomplete information," Transport Policy, Elsevier, vol. 96(C), pages 113-127.
    7. Xiao, Zengqi & Lam, Jasmine Siu Lee, 2022. "Effects of project-specific government involvement actions on the attractiveness of port public-private partnerships among private investors," Transport Policy, Elsevier, vol. 125(C), pages 59-69.
    8. Zhang, Jihua, 2016. "Quasi-landlord port financing in China: Features, practice and a contract theory analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 89(C), pages 73-88.
    9. Woo, Su-Han & Pettit, Stephen J. & Kwak, Dong-Wook & Beresford, Anthony K.C., 2011. "Seaport research: A structured literature review on methodological issues since the 1980s," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(7), pages 667-685, August.
    10. Shiyuan Zheng & Rudy R Negenborn, 2018. "Design of port regulation mechanisms for multilayer governance: A shanghai case study," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 20(1), pages 89-111, March.
    11. Su-Han Woo & Stephen Pettit & Anthony Beresford & Dong-Wook Kwak, 2012. "Seaport Research: A Decadal Analysis of Trends and Themes Since the 1980s," Transport Reviews, Taylor & Francis Journals, vol. 32(3), pages 351-377, January.
    12. Alessio Tei, 2011. "Le concessioni portuali in Italia - Valutazione dello strumento in una prospettiva europea," Working Papers 11_14, SIET Società Italiana di Economia dei Trasporti e della Logistica, revised 2011.
    13. Liu, Shi-Miin & Chen, Hsiao-Chi & Han, Wenqing & Lin, Yen-Hung, 2018. "Optimal concession contracts for landlord port authorities to maximize fee revenues with minimal throughput requirements," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 109(C), pages 239-260.
    14. Theo Notteboom & Jasmine Siu Lee Lam, 2018. "The Greening of Terminal Concessions in Seaports," Sustainability, MDPI, vol. 10(9), pages 1-17, September.

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