Rolling Seas in Liner Shipping

Rolling Seas in Liner Shipping This paper examines the current economic environment and recent legislative changesin the U.S. international liner shipping industry, which has operated under antitrustimmunity for cartel agreements since 1916. Specifically, we address the impact ofthe Ocean Shipping Reform Act (OSRA) of 1998, which increased cartel enforcementcosts by reducing the transparency of freight rates and mandating that cartel membershave independent contracting rights. Our analysis looks at industry trends andinvestigates whether OSRA has affected cartel membership, contracting practices,horizontal integration, and freight rates. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Rolling Seas in Liner Shipping

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2002 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1013315132628
Publisher site
See Article on Publisher Site

Abstract

This paper examines the current economic environment and recent legislative changesin the U.S. international liner shipping industry, which has operated under antitrustimmunity for cartel agreements since 1916. Specifically, we address the impact ofthe Ocean Shipping Reform Act (OSRA) of 1998, which increased cartel enforcementcosts by reducing the transparency of freight rates and mandating that cartel membershave independent contracting rights. Our analysis looks at industry trends andinvestigates whether OSRA has affected cartel membership, contracting practices,horizontal integration, and freight rates.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 13, 2004

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