Jonkeren, Olaf; Demirel, Erhan; Ommeren, Jos van; … - 2008
fundamentally endogenous with respect to trade imbalances. We study this effect using transport prices for the inland waterway …According to economic theory, imbalances in trade flows affect transport prices because (some) carriers have to return … have to exceed those in the low demand direction. This implies that transport costs, and therefore trade costs, are …