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Market Structures and Shipping Security

Author

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  • Mary R Brooks

    (Faculty of Management, Dalhousie University, 6100 University Ave., Halifax, NS, Canada B3H 1W7.)

  • Kenneth J Button

    (School of Public Policy, George Mason University (MS 3C6), Fairfax, VA 22030, USA.)

Abstract

The events of September 11th, 2001, in the US have brought a greater focus to the ways in which national security is viewed. International agencies such as the International Maritime Organisation and most national governments have been active in developing new security policies. Security, however, poses particular problems because, unlike safety where there is no conscious effort to cause harm, there is an inevitable gaming problem with potential perpetrators continually vying to circumvent security regimes. Added to this, security involves uncertainty that, unlike risk, has no real probability associated with it. These features necessitate a public as well as a private sector response. To develop public policy in these circumstances there is a need to tailor actions to the nature of the maritime market. A difficulty in doing this is that there is no single market; rather there are a number of overlapping markets. An added problem is that there is no consensus on the underlying structure of most of these markets. This paper fills some of the resultant voids by examining the extent to which actors in various market situations have internal incentives to ensure security and how they would react to external incentives such as regulations. Maritime Economics & Logistics (2006) 8, 100–120. doi:10.1057/palgrave.mel.9100145

Suggested Citation

  • Mary R Brooks & Kenneth J Button, 2006. "Market Structures and Shipping Security," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 8(1), pages 100-120, March.
    • Handle: RePEc:pal:marecl:v:8:y:2006:i:1:p:100-120
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    Citations

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    Cited by:

    1. Lekakou, Maria B., 2007. "Chapter 8 The Eternal Conundrum of Greek Coastal Shipping," Research in Transportation Economics, Elsevier, vol. 21(1), pages 257-296, January.
    2. Mohammad Ghorbani & Michele Acciaro & Sandra Transchel & Pierre Cariou, 2022. "Strategic alliances in container shipping: A review of the literature and future research agenda," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 24(2), pages 439-465, June.
    3. Kum Fai Yuen & Vinh Thai, 2017. "Barriers to supply chain integration in the maritime logistics industry," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 19(3), pages 551-572, August.
    4. Kotcharin, Suntichai & Maneenop, Sakkakom, 2020. "Geopolitical risk and corporate cash holdings in the shipping industry," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 136(C).
    5. Olaf Jonkeren & Piet Rietveld, 2016. "Protection of Critical Waterborne Transport Infrastructures: An Economic Review," Transport Reviews, Taylor & Francis Journals, vol. 36(4), pages 437-453, July.
    6. Figliozzi, Miguel Andres & Zhang, Zeyan, 2009. "A Study of Transportation Disruption Causes and Costs in Containerized Maritime Transportation," 50th Annual Transportation Research Forum, Portland, Oregon, March 16-18, 2009 207815, Transportation Research Forum.

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