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Port Efficiency, Maritime Transport Costs and Bilateral Trade
Clark, Ximena; Dollar, David; Micco, Alejandro - 2021
determinant of shipping costs. Improving port efficiency from the 25th to the 75th percentile reduces shipping costs by 12 percent ….S. markets than import tariffs. We investigate the determinants of shipping costs to the U.S. with a large database of more than … world. Distance volumes and product characteristics matter. In addition, we find that ports efficiency is an important …
Persistent link: https://www.econbiz.de/10013233046
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How to Auction an Essential Facility When Underhand Integration is Possible
Engel, Eduardo M. R. A.; Galetovic, Alexander; Fischer, … - 2021
There are many industries in which potentially competitive segments require services provided by natural monopoly bottlenecks (essential facilities). Since it is difficult to regulate these facilities, developing countries are using Demsetz auctions, where the facility is awarded to the firm...
Persistent link: https://www.econbiz.de/10013235272
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Fluctuations in Overseas Travel by Americans, 1820 to 2000
Dupont, Brandon - 2010
There were substantial fluctuations in the numbers of American overseas travelers, especially before World War II …
Persistent link: https://www.econbiz.de/10012757617
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Did Vasco Da Gama Matter for European Markets? Testing Frederick Lane's Hypotheses Fifty Years Later
O'Rourke, Kevin H. - 2009
In his seminal publications between the 1930s and 1960s, Frederick Lane offered three hypotheses regarding the impact of the Voyages of Discovery that have guided debate ever since. First, pepper and other spice prices did not rise in European markets in the century before the 1490s, and thus...
Persistent link: https://www.econbiz.de/10012767453
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Entry and Predation : British Shipping Cartels 1879-1929
Scott Morton, Fiona M. - 2021
I examine the outcomes of cases of entry by merchant shipping lines into established markets around the turn of the … century. These established markets are completely dominated by an incumbent cartel composed of several member shipping lines …
Persistent link: https://www.econbiz.de/10013222218
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Steering a Ship in Illiquid Waters : Active Management of Passive Funds
Koont, Naz; Ma, Yiming; Pastor, Lubos; Zeng, Yao - 2022
Exchange-traded funds (ETFs) are typically viewed as passive index trackers. In contrast, we show that corporate bond ETFs actively manage their portfolios, trading off index tracking against liquidity transformation. In our model, ETFs optimally choose creation and redemption baskets that...
Persistent link: https://www.econbiz.de/10013288983
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Technical Change and the Wage Structure During the Second Industrial Revolution : Evidence from the Merchant Marine, 1865-1912
Chin, Aimee; Juhn, Chinhui; Thompson, Peter - 2022
engine on skill demand and the wage structure in the merchant shipping industry. We find that the technical change created a …
Persistent link: https://www.econbiz.de/10013323445
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Of Mice and Merchants : Trade and Growth in the Iron Age
Bakker, Jan - 2018
level of the world …
Persistent link: https://www.econbiz.de/10012914705
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Pollution, Health, and Avoidance Behavior : Evidence from the Ports of Los Angeles
Moretti, Enrico; Neidell, Matthew - 2021
local ozone pollution, time-varying pollution due to port activity is arguably a randomly determined event uncorrelated with …
Persistent link: https://www.econbiz.de/10013231226
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When Fast Growing Economies Slow Down : International Evidence and Implications for China
Eichengreen, Barry - 2011
Using international data starting in 1957, we construct a sample of cases where fast-growing economies slow down. The evidence suggests that rapidly growing economies slow down significantly, in the sense that the growth rate downshifts by at least 2 percentage points, when their per capita...
Persistent link: https://www.econbiz.de/10013127765