Applying Game Theoretic Models to Port Policies

There has been a recent increase in the number of papers focusing on port competition. Port competition and port competitiveness are recognized as two of the main port policy problems. There are several approaches to analyzing port competition. One approach defines a port’s competiveness and uses performance measurements to examine each port. A second approach is to construct theoretical models that provide certain implications that are subsequently applied to real port policy or to port competition situations. This chapter focuses on the latter approach, particularly game theoretic models.