The great deficits created in the pursuit of the Keynesian welfare state led to governmental failure. This increasingly posed a greater risk to financial system than market failure, due to the increasing scale effects. Competition ceases to exist. The operations of markets first described by...

The great deficits created in the pursuit of the Keynesian welfare state led to governmental failure. This increasingly posed a greater risk to financial system than market failure, due to the increasing scale effects. Competition ceases to exist. The operations of markets first described by...

The paper deals with maritime risk, which we consider important, no doubt, for ship-owners acting in volatile markets. Traditionally, risk is measured by "standard deviation". Other risk measures like "excess kurtosis", "excess skewness", "long-term dependence" and the "catastrophe propensity"...

The inability of carriers to forecast “demand for containerships” led them to order larger ships. Maritime economists were also unable to forecast it. The new-buildings cut cost per TEU, but “estimated economies of scale” are exhausted with ships beyond 21,000 TEUs, higher than the...

The inability of carriers to forecast 'demand for containerships' led them to order larger ships. Maritime economists were also unable to forecast it. The new-buildings cut cost per TEU, but 'estimated economies of scale' are exhausted with ships beyond 21,000 TEUs, higher than the present. As...

The efforts of IMO on the security of ports and ships after 11/9 are presented. IMO's resolution on fatigue of crews -cause of marine accidents- is also presented. The introduction of ISPS code -carried out under the pressure of USA- made by a non holistic approach, created a number of issues...

The paper deals with maritime risk, which we consider important, no doubt, for ship-owners acting in volatile markets. Traditionally, risk is measured by "standard deviation". Other risk measures like "excess kurtosis", "excess skewness", "long-term dependence" and the "catastrophe propensity"...

The paper calculates the concentration in 6 major routes of the "Greek ferry system" (2001-2010), important not only for international tourism, including Cruises, but also for the cohesion of the Greek space with EU. Worth noting is the consolidation of companies that took place, where from 25...

The efforts of IMO on the security of ports and ships after 11/9 are presented. IMO's resolution on fatigue of crews -cause of marine accidents- is also presented. The introduction of ISPS code -carried out under the pressure of USA- made by a non holistic approach, created a number of issues...

The paper unveils the market structure of container shipping, which suffers by many interpretations. Existing models regress between contestability, duopoly, monopolistic competition and game theory. This paper proposes an oligopoly model with two groups of companies: oligopolists and...