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Some Market Power Implications Of The Shipping Act Of 1984: A Case Study Of The U.S. To Pacific Rim Transportation Markets

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  • Wilson, Wesley W.
  • Casavant, Kenneth L.

Abstract

The shipping Act of 1984 represents a new attempt to balance the benefits of a conference (cartel) system against its costs. This legislation may have increased conference market power by streamlining the regulatory process and expanding antitrust immunity. Alternatively, the legislation may have decreased conference market power by providing for the Mandatory Right to Independent Action and Service Contracts. We develop and estimate an econometric model and find that any increased market power is offset by competitive provisions when those competitive provision apply. However, when those provisions do not apply, the Act may increase market power.

Suggested Citation

  • Wilson, Wesley W. & Casavant, Kenneth L., 1991. "Some Market Power Implications Of The Shipping Act Of 1984: A Case Study Of The U.S. To Pacific Rim Transportation Markets," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(02), December.
  • Handle: RePEc:ags:wjagec:32596
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    File URL: http://purl.umn.edu/32596
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    1. Bresnahan, Timothy F., 1989. "Empirical studies of industries with market power," Handbook of Industrial Organization,in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 2, chapter 17, pages 1011-1057 Elsevier.
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    Cited by:

    1. Suzuki, Nobuhiro & Kaiser, Harry M. & Lenz, John E. & Forker, Olan D., 1993. "Evaluating U.S. Generic Milk Advertising Effectiveness Using An Imperfect Competition Model," Research Bulletins 123015, Cornell University, Department of Applied Economics and Management.

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    Industrial Organization;

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