Market Power : Ports - A Case Study of Post-Privatization Mergers
An emerging issue to privatized infrastructure sectors is how regulators should deal with proposed mergers that could potentially increase market power and lead to anticompetitive behavior. This note looks at the issues in the port sector, discussi...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2003/03/2380661/market-power-ports-case-study-post-privatization-mergers http://hdl.handle.net/10986/11302 |
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okr-10986-113022021-06-14T10:57:55Z Market Power : Ports - A Case Study of Post-Privatization Mergers Trujillo, Lourdes Serebrisky, Tomás PORTS PRIVATIZATION MERGERS REGULATORY FRAMEWORK MARITIME TRANSPORTATION CONTAINER TERMINALS CONTAINER TRANSPORT BARRIERS TO ENTRY BENEFIT ANALYSIS BIDDING CAPITAL MARKETS CONSUMERS CONTAINER SHIPPING CONTAINER SHIPS CONTAINER TRAFFIC DAMAGES DEVALUATION ECONOMIES OF SCALE FIXED COSTS MARKET CONCENTRATION MARKET POWER MARKET SHARE MARKET STRUCTURE MERGERS PORT CAPACITY PORT INFRASTRUCTURE PORT SECTOR PORTS PRICE CAPS PRICE COMPETITION PRICE DISCRIMINATION PRODUCTIVITY SEA TRANSPORT SHIPPING SHIPPING COMPANIES TERMINAL OPERATORS TEU TRANSACTION COSTS VERTICAL MERGER An emerging issue to privatized infrastructure sectors is how regulators should deal with proposed mergers that could potentially increase market power and lead to anticompetitive behavior. This note looks at the issues in the port sector, discussing the regulatory treatment of vertical and horizontal mergers. It focuses on Argentina, one of the first countries to concession its ports. In the early 1990s Argentina restructured and privatized its port system. As part of this process the government transferred ports to the provinces, which could choose to operate, concession, or close them. The note also analyzes the consequences of allowing a vertical merger between a terminal operator and a maritime transport company and the pros and cons of explicitly prohibiting horizontal mergers between terminal operators. 2012-08-13T14:42:07Z 2012-08-13T14:42:07Z 2003-03 http://documents.worldbank.org/curated/en/2003/03/2380661/market-power-ports-case-study-post-privatization-mergers Viewpoint. -- Note no. 260 (March 2003) http://hdl.handle.net/10986/11302 English Viewpoint CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
| topic |
PORTS PRIVATIZATION MERGERS REGULATORY FRAMEWORK MARITIME TRANSPORTATION CONTAINER TERMINALS CONTAINER TRANSPORT BARRIERS TO ENTRY BENEFIT ANALYSIS BIDDING CAPITAL MARKETS CONSUMERS CONTAINER SHIPPING CONTAINER SHIPS CONTAINER TRAFFIC DAMAGES DEVALUATION ECONOMIES OF SCALE FIXED COSTS MARKET CONCENTRATION MARKET POWER MARKET SHARE MARKET STRUCTURE MERGERS PORT CAPACITY PORT INFRASTRUCTURE PORT SECTOR PORTS PRICE CAPS PRICE COMPETITION PRICE DISCRIMINATION PRODUCTIVITY SEA TRANSPORT SHIPPING SHIPPING COMPANIES TERMINAL OPERATORS TEU TRANSACTION COSTS VERTICAL MERGER |
| spellingShingle |
PORTS PRIVATIZATION MERGERS REGULATORY FRAMEWORK MARITIME TRANSPORTATION CONTAINER TERMINALS CONTAINER TRANSPORT BARRIERS TO ENTRY BENEFIT ANALYSIS BIDDING CAPITAL MARKETS CONSUMERS CONTAINER SHIPPING CONTAINER SHIPS CONTAINER TRAFFIC DAMAGES DEVALUATION ECONOMIES OF SCALE FIXED COSTS MARKET CONCENTRATION MARKET POWER MARKET SHARE MARKET STRUCTURE MERGERS PORT CAPACITY PORT INFRASTRUCTURE PORT SECTOR PORTS PRICE CAPS PRICE COMPETITION PRICE DISCRIMINATION PRODUCTIVITY SEA TRANSPORT SHIPPING SHIPPING COMPANIES TERMINAL OPERATORS TEU TRANSACTION COSTS VERTICAL MERGER Trujillo, Lourdes Serebrisky, Tomás Market Power : Ports - A Case Study of Post-Privatization Mergers |
| relation |
Viewpoint |
| description |
An emerging issue to privatized
infrastructure sectors is how regulators should deal with
proposed mergers that could potentially increase market
power and lead to anticompetitive behavior. This note looks
at the issues in the port sector, discussing the regulatory
treatment of vertical and horizontal mergers. It focuses on
Argentina, one of the first countries to concession its
ports. In the early 1990s Argentina restructured and
privatized its port system. As part of this process the
government transferred ports to the provinces, which could
choose to operate, concession, or close them. The note also
analyzes the consequences of allowing a vertical merger
between a terminal operator and a maritime transport company
and the pros and cons of explicitly prohibiting horizontal
mergers between terminal operators. |
| format |
Publications & Research :: Viewpoint |
| author |
Trujillo, Lourdes Serebrisky, Tomás |
| author_facet |
Trujillo, Lourdes Serebrisky, Tomás |
| author_sort |
Trujillo, Lourdes |
| title |
Market Power : Ports - A Case Study of Post-Privatization Mergers |
| title_short |
Market Power : Ports - A Case Study of Post-Privatization Mergers |
| title_full |
Market Power : Ports - A Case Study of Post-Privatization Mergers |
| title_fullStr |
Market Power : Ports - A Case Study of Post-Privatization Mergers |
| title_full_unstemmed |
Market Power : Ports - A Case Study of Post-Privatization Mergers |
| title_sort |
market power : ports - a case study of post-privatization mergers |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2003/03/2380661/market-power-ports-case-study-post-privatization-mergers http://hdl.handle.net/10986/11302 |
| _version_ |
1764416244907245568 |