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Co-evolution of port business ecosystem based on evolutionary game theory

Author

Listed:
  • Wenjuan Li

    (Shanghai Maritime University)

  • Thierry Vanelslander

    (University of Antwerp)

  • Wei Liu

    (Shanghai Maritime University)

  • Xu Xu

    (Shanghai Dian Ji University)

Abstract

As distributing centres of trade and transportation network, ports play an important role in the development of the national economy. With the changing of the global business environment, the port enterprise operation environment is continuously changing, and growing problems are becoming increasingly complex. Since challenges, uncertainties, risks, and crisis exist side by side, it is indispensable and beneficial to do a systematic analysis of the development of port enterprises from the perspective of biological co-evolution. This paper uses the evolutionary game model to discuss the dynamic change process and evolutionary stable strategy of the collaborative development of the core enterprise and cooperative enterprise in the port business ecosystem. Then, the influencing factors of enterprise decision-making or action selection are analysed, and the numerical model verifies the accuracy of the model. Finally, suggestions on the development of the port business ecosystem are put forward.

Suggested Citation

  • Wenjuan Li & Thierry Vanelslander & Wei Liu & Xu Xu, 2020. "Co-evolution of port business ecosystem based on evolutionary game theory," Journal of Shipping and Trade, Springer, vol. 5(1), pages 1-16, December.
    • Handle: RePEc:spr:josatr:v:5:y:2020:i:1:d:10.1186_s41072-020-00072-0
    DOI: 10.1186/s41072-020-00072-0
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    References listed on IDEAS

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    1. Soraya Hidalgo-Gallego & Ramón Núñez-Sánchez & Pablo Coto-Millán, 2017. "Game Theory And Port Economics: A Survey Of Recent Research," Journal of Economic Surveys, Wiley Blackwell, vol. 31(3), pages 854-877, July.
    2. Heather Mclaughlin & Colm Fearon, 2013. "Understanding the development of port and regional relationships: a new cooperation/competition matrix," Maritime Policy & Management, Taylor & Francis Journals, vol. 40(3), pages 278-294, May.
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    Cited by:

    1. Peter J. Stavroulakis & Stratos Papadimitriou, 2022. "Total cost of ownership in shipping: a framework for sustainability," Journal of Shipping and Trade, Springer, vol. 7(1), pages 1-14, December.

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