Since its advent, the liner shipping industry has been characterized by fierce competition and cooperation amongst the member carriers. In recent years, almost all the liners have sought extensive cooperation with others, as reflected mainly by the formation of strategic shipping alliances. Despite this, there are still some liners who prefer the ‘go-it-alone’ policy and have achieved relative success. It seems that cooperation is not always necessary for a liner company's success. It follows that a study that aims to find the rationale behind liner cooperation (or non-cooperation) is of great significance. Over many years of development, game theory has proved to be a useful tool in the study of economics. It is analytically applicable in this market. With these arguments in mind, this paper aims to apply cooperative game theory to analyse co-operation among members of liner shipping strategic alliances. This will involve: (i) presenting a detailed and systematic analysis of liner shipping strategic alliances: (ii) a concise overview of the development of game theory with specific focus on cooperative game theory, and (iii) deducing a conceptual framework through the application of cooperative game theory to liner shipping strategic alliances. The accomplishment of the aforementioned objectives will enhance understanding of inter-organizational relationships and decision-making behaviour in the liner shipping sector.


    Access

    Check access

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    A conceptual application of cooperative game theory to liner shipping strategic alliances


    Contributors:

    Published in:

    Publication date :

    2002-09-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    Unknown



    A conceptual application of cooperative game theory to liner shipping strategic alliances

    Song, D.-W. / Panayides, P. M. / International Association of Maritime Economists | British Library Conference Proceedings | 2002



    A critical evaluation of strategic alliances in liner shipping

    Midoro, Renato / Pitto, Alessandro | Taylor & Francis Verlag | 2000



    Strategy alliances in the liner shipping industry

    Koay, Peng Yen | DSpace@MIT | 1994

    Free access