The aim of this paper is to investigate an underpinning of the conventional maritime economics, supply-demand framework, and measurement of shipping services in particular. The ton–mile metric is frequently employed as a measure of demand in both academia and professional readings. On the...

Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Table of Contents -- List of figures -- List of tables -- List of country editors -- List of contributors -- Acknowledgements -- 1. Introduction -- 1.1. Institutional economics and developments in the Eastern Asia -- 1.2....

The aim of this paper is to investigate the irrational investor phenomenon and the disconnection of information, knowledge and practice. A growing attention is allocated for inconsistencies in neo-classical economic theory. Among the variety of debates, irrationality is the major discussion in...