Similar Search Results

Collusive Investments in Technological Compatibility : Lessons from U.S. Railroads in the Late 19th Century

Gross, Daniel P. - 2019

Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...

Persistent link: https://www.econbiz.de/10012480205

The Geopolitics of International Trade in Southeast Asia

Coşar, Kerem - 2020

Motivated by the historically tense geopolitical situation in Southeast Asia, we simulate the potential closure of key maritime waterways in the region to predict the impact on trade and welfare. We generate initial (unobstructed) and counterfactual (rerouted) least-cost maritime paths between...

Persistent link: https://www.econbiz.de/10012482267

Global Trade and the Maritime Transport Revolution

Jacks, David S. - 2008

What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for...

Persistent link: https://www.econbiz.de/10012464507

The Trade Reducing Effects of Market Power in International Shipping

Hummels, David - 2007

and perhaps lower incomes. This paper investigates price discrimination in the shipping industry and the role it plays in … determining transportation costs. In the presence of market power, shipping prices depend on the demand characteristics of goods … being traded. We show theoretically and estimate empirically that shipping firms charge higher prices when transporting …

Persistent link: https://www.econbiz.de/10012465742

Port Efficiency, Maritime Transport Costs and Bilateral Trade

Clark, Ximena - 2004

.S. markets than import tariffs. We investigate the determinants of shipping costs to the U.S. with a large database of more than … determinant of shipping costs. Improving port efficiency from the 25th to the 75th percentile reduces shipping costs by 12 percent … handling costs, which are one of the components of shipping costs. Reductions in country inefficiencies associated to transport …

Persistent link: https://www.econbiz.de/10012468340

Freight Rates and Productivity Gains in British Tramp Shipping 1869-1950

Mohammed, Saif I. Shah - 2003

The standard source for pre-WWII global freight rate trends is the Isserlis British tramp shipping index. We think it …

Persistent link: https://www.econbiz.de/10012469171

Explaining the Border Effect : The Role of Exchange Rate Variability, Shipping Costs, and Geography

Parsley, David C. - 2000

relative prices. We turn next to economic explanations for this so-called border effect and to its dynamics. Distance, unit-shipping …

Persistent link: https://www.econbiz.de/10012470907

Indivisibilities in Distribution

Holmes, Thomas J. - 2018

This paper develops and estimates a model of indivisibilities in shipping and economies of scale in consolidation. It …

Persistent link: https://www.econbiz.de/10012453191

Waves in Ship Prices and Investment

Greenwood, Robin - 2013

We study the returns to owning dry bulk cargo ships. Ship earnings exhibit a high degree of mean reversion, driven by industry participants' competitive investment responses to shifts in demand. Ship prices are far too volatile given the mean reversion in earnings. We show that high current ship...

Persistent link: https://www.econbiz.de/10012459415

Contracting in the Absence of Specific Investments and Moral Hazard : Understanding Carrier-Driver Relations in U.S. Trucking

Lafontaine, Francine - 2002

This paper considers functions of contracting other than the protection of relationship-specific investments and the provision of marginal incentives, and applies the theory to explain variation in the form of compensation of over-the-road truck drivers in the U.S. Specifically, we argue that...

Persistent link: https://www.econbiz.de/10012469856