01.03.2013 Views

The Performance of Seaport Clusters - RePub - Erasmus Universiteit ...

The Performance of Seaport Clusters - RePub - Erasmus Universiteit ...

The Performance of Seaport Clusters - RePub - Erasmus Universiteit ...

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Chapter 9 – Structure and Governance in <strong>Seaport</strong> <strong>Clusters</strong>; Literature Review 115<br />

cluster, where collective action problems have to be solved. We claim that the ‘institutional<br />

position’ <strong>of</strong> the port authority can be described with the term ‘cluster manager’. For this<br />

reason, one could assume that collective action regimes in port clusters are relatively<br />

effective compared to other clusters. This issue is not addressed in this study, but deserves<br />

further attention.<br />

A ‘perfect’ cluster manager would be an organization with the following four characteristics:<br />

1. A cluster manager has incentives to invest in the cluster, because its revenues are<br />

related to the performance <strong>of</strong> the cluster. <strong>The</strong> ‘perfect’ revenue structure <strong>of</strong> a cluster<br />

manager would be a share <strong>of</strong> the value added generated in the cluster, for instance<br />

through a ‘cluster tax’.<br />

2. A cluster manager operates self-sustaining: over time investments equal revenues.<br />

Cluster managers are not-for-pr<strong>of</strong>it organizations, but do not receive subsidies either.<br />

3. A cluster manager aims to recover investment costs as much as possible from firms<br />

that benefit from the investments, through co-finance arrangements with these firms.<br />

However, investments cannot be directly recovered because benefits ‘spill-over’ to other<br />

firms in the cluster. <strong>The</strong>refore, cluster managers need revenues (the cluster tax) that<br />

are not directly related to expenditures so that they have resources to invest in the<br />

cluster.<br />

4. <strong>The</strong> ‘investment rule’ <strong>of</strong> a cluster manager is to invest when ‘cluster benefits’ exceed<br />

costs and when (coalitions <strong>of</strong>) private firms in the cluster do not invest, because a<br />

substantial part <strong>of</strong> the benefits are ‘external’ to the (coalition <strong>of</strong>) firm(s) 75 .<br />

<strong>The</strong> institutional position <strong>of</strong> landlord port authorities, especially those with a regional<br />

jurisdiction, resembles a perfect cluster manager 76 . <strong>The</strong> port authority owns the land in the<br />

75 <strong>The</strong>se four characteristics are institutional ones; one could add managerial characteristics to a<br />

perfect cluster manager, such as ‘legitimacy in the cluster’.<br />

76 <strong>The</strong> ‘Hanzeatic port model’ (Kreukels and Wever, 1998) where the local or regional<br />

administration controls the port authority, is relatively widespread, especially in continental<br />

Europe. In this model the port authority has an additional motive, apart from the

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!