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Port Botany’s Landside: Market Pricing to Address Congestion
Author(s) -
Cox James,
Mahoney Dennis,
Smart Mike
Publication year - 2009
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/j.1759-3441.2009.00006.x
Subject(s) - port (circuit theory) , supply chain , intervention (counseling) , competition (biology) , vertical integration , government (linguistics) , facilitation , industrial organization , economic interventionism , business , interface (matter) , economics , microeconomics , computer science , marketing , engineering , ecology , electrical engineering , management , philosophy , psychiatry , law , linguistics , biology , psychology , political science , politics , maximum bubble pressure method , bubble , parallel computing
Endemic congestion at the road landside interface at Port Botany, Sydney results from coordination problems within the supply chain. These problems cannot be solved through the vertical integration of participants in the supply chain because of competition law considerations, and other non‐price solutions are unworkable. Government intervention is warranted, but in a minimal form targeted at the facilitation of slot pricing. This limited intervention would allow market dynamics to achieve an efficient solution.