Showing 1 - 10 of 35
This paper exploits an unusual transportation setting to estimate the value of a statistical life (VSL). We estimate the trade-offs individuals are willing to make between mortality risk and cost as they travel to and from the international airport in Sierra Leone (which is separated from the...
Persistent link: https://www.econbiz.de/10013074917
Airplanes are a fast but expensive means of shipping goods, a fact which has implications for comparative advantage …
Persistent link: https://www.econbiz.de/10012761947
This paper posits that individuals can more easily form social connections with persons of the same race. If true, the greater the incidence among his neighbors of persons of his race, the more likely an individual is to make neighborhood social capital connections, and the more likely he is to...
Persistent link: https://www.econbiz.de/10013239948
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/10012777612
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/10012759104
This paper develops and estimates a model of indivisibilities in shipping and economies of scale in consolidation. It …
Persistent link: https://www.econbiz.de/10012920901
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/10013225810
.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/10013233046
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/10013292457
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/10013078599