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Economics on the optimal port queuing pricing to bulk ships

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  • Chen-Hsiu Laih
  • Kuan-Yu Chen

Abstract

This article develops the optimal single step toll scheme which is levied to bulk ships for a queuing port. Bulk ships' arrival times at the port will be rationally dispersed after pricing this toll scheme. Consequently, the queuing time at the anchorage to all bulk ships will be rationally decreased. This article shows bulk ships' equilibrium arrival rate distributions during the queuing period before and after establishing the optimal single step toll scheme. This article also shows bulk ship owners' decisions of arrival time adjustments under the optimal single step toll scheme. Based on these results, we find some bulk ships that paid no toll under the optimal single step toll scheme to maintain the same arrival times at the anchorage as they did in the original nontoll equilibrium situation. New arrival times at the anchorage for other bulk ships that paid the toll are postponed when compared with their original arrival times in the nontoll equilibrium situation.

Suggested Citation

  • Chen-Hsiu Laih & Kuan-Yu Chen, 2009. "Economics on the optimal port queuing pricing to bulk ships," Applied Economics, Taylor & Francis Journals, vol. 41(22), pages 2817-2825.
    • Handle: RePEc:taf:applec:v:41:y:2009:i:22:p:2817-2825
    DOI: 10.1080/00036840701736156
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    Cited by:

    1. Batabyal, Amitrajeet A. & DeAngelo, Gregory J., 2012. "Goods allocation by queuing and the occurrence of violence: A probabilistic analysis," International Review of Economics & Finance, Elsevier, vol. 24(C), pages 1-7.
    2. Li, Zhi-Chun & Huang, Hai-Jun & Yang, Hai, 2020. "Fifty years of the bottleneck model: A bibliometric review and future research directions," Transportation Research Part B: Methodological, Elsevier, vol. 139(C), pages 311-342.

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