The Stability of Market Shares in Liner Shipping

The Stability of Market Shares in Liner Shipping The Ocean Shipping Reform Act (OSRA) of 1998 significantly shifted the industrial structure of liner shipping markets from one that was dominated by price-fixing liner shipping conferences to one that is dominated by non-binding discussion agreements, global alliances, and long-term confidential contracting. The objective of this paper is to determine the extent to which the abandonment of the liner conference system on U.S. trade lanes affected the market share stability of individual steamship lines. The approach is to estimate a model of market share variation in U.S. liner shipping markets and compare the results under the two separate regulatory regimes. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

The Stability of Market Shares in Liner Shipping

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Publisher
Springer US
Copyright
Copyright © 2012 by Springer Science+Business Media New York
Subject
Economics / Management Science; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-012-9359-3
Publisher site
See Article on Publisher Site

Abstract

The Ocean Shipping Reform Act (OSRA) of 1998 significantly shifted the industrial structure of liner shipping markets from one that was dominated by price-fixing liner shipping conferences to one that is dominated by non-binding discussion agreements, global alliances, and long-term confidential contracting. The objective of this paper is to determine the extent to which the abandonment of the liner conference system on U.S. trade lanes affected the market share stability of individual steamship lines. The approach is to estimate a model of market share variation in U.S. liner shipping markets and compare the results under the two separate regulatory regimes.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 2, 2012

References

  • Market share instability and the dynamics of competition: A panel data analysis of Japanese manufacturing industries
    Kato, M.; Honjo, Y.
  • What determines cartel success?
    Levenstein, M.C.; Suslow, V.

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