Game Theory Applications in Port Management –A Literature Review
Keywords:
Game theory, Port management, Port competition, Port cooperation, Literature reviewAbstract
This paper aims to examine, systematize, and analyze relevant research on port operators and/or port authorities cooperation, competition, and capacity investment decisions. It also includes papers that model the dynamics of competition and cooperation under various management models using game theory. Our methodology employed a comprehensive search of English-language peer-reviewed journal articles across Web of Science, Scopus, and Google Scholar, which identified 69 peer-reviewed journal articles that were analysed through bibliometric methods to synthesize current trends and evaluate methodological approaches. the findings reveal that Bertrand and Nash models are predominantly employed, with a strong emphasis on inter-port competition, primarily concentrated in Asian and European regions, thus highlighting a regional disparity in the literature. However, there is a notable gap in exploring cooperative strategies and utilizing more complex, dynamic models to better understand port collaboration and evolving competitive dynamics.
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Copyright (c) 2026 Ivana Vukićević Biševac, Ivana Jovanović
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