Sanchez, Pedro Cantos; Moner-Colonques, Rafael; … - Estructura de Recerca Interdisciplinar Comportament … - 2010
characterized by oligopolistic behavior, where shipping lines enjoy economies of scale. The market equilibrium where the shipping … welfare. We then characterize the equilibrium when horizontal integration of shipping lines occurs, with and without further … lines behave as profit maximizers, provides a first approximation to the determinants of market shares, profits, and user …