, by separating the lagoon from the Adriatic Sea, it interferes with ship traffic and has negative impacts on port …

We investigate how port privatization affects port charges, firm profits, and welfare. Our model consists of an … prices for port usage, although neither government has an incentive to privatize its port. The equilibrium governmental …'s government is more likely to privatize its port, although the larger country's government is more likely to nationalize its port …