Adland, Roar; Koekebakker, Steen - In: Maritime Economics and Logistics 9 (2007) 2, pp. 105-118
Despite the illiquid and heterogeneous nature of the second-hand market for bulk ships and the resulting difficulty of creating reliable time series of ship prices for generic ships, the literature on ship price dynamics relies heavily on time series models. In this paper we present, for the...