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The Stability of Market Shares in Liner Shipping

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  • Mike Fusillo

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. Copyright Springer Science+Business Media New York 2013

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  • Mike Fusillo, 2013. "The Stability of Market Shares in Liner Shipping," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 42(1), pages 85-106, February.
    • Handle: RePEc:kap:revind:v:42:y:2013:i:1:p:85-106
    DOI: 10.1007/s11151-012-9359-3
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    Cited by:

    1. Michael Fung, 2014. "Ocean Carriers’ Collusion Under Antitrust Immunity: Evidence of Asymmetric Pass-Through," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 45(1), pages 59-77, August.
    2. Chen, Gang & Rytter, Niels G.M. & Jiang, Liping & Nielsen, Peter & Jensen, Lars, 2017. "Pre-announcements of price increase intentions in liner shipping spot markets," Transportation Research Part A: Policy and Practice, Elsevier, vol. 95(C), pages 109-125.
    3. Dominik Boddin & Frank Stähler, 2018. "The Organization of International Trade," CESifo Working Paper Series 7378, CESifo.
    4. Svetlana Avdasheva & Svetlana Golovanova & Gyuzel Yusupova, 2019. "Advance freight rate announcements (GRI) in liner shipping: European and Russian regulatory settlements compared," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 21(2), pages 192-206, June.

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