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A non-structural test for competition in the container liner shipping industry

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  • Christa Sys
  • Hilde Meersman
  • Eddy Van De Voorde

Abstract

This study examines the competitive conditions of the Containerized Liner Shipping Industry (CLSI). The degree of competition prevailing in this industry will be assessed using the Panzar and Rosse H -statistic. The properties of this non-structural methodology (e.g. using firm level data, robustness in small samples, no need to specify a relevant market, etc.) make it an excellent framework for assessing the degree of competition in the CLSI. The empirical specifications are based on an unbalanced panel of data regarding a sample of 18 major liner operators covering the period 1999 to 2008. A significantly positive unscaled value of the H -statistic has been found. This means that the hypothesis can be rejected that the CLSI market structure corresponds to a neoclassical monopoly, a collusive oligopoly or a conjectural variations short-run oligopoly.

Suggested Citation

  • Christa Sys & Hilde Meersman & Eddy Van De Voorde, 2011. "A non-structural test for competition in the container liner shipping industry," Maritime Policy & Management, Taylor & Francis Journals, vol. 38(3), pages 219-234, May.
    • Handle: RePEc:taf:marpmg:v:38:y:2011:i:3:p:219-234
    DOI: 10.1080/03088839.2011.572708
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    Citations

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    Cited by:

    1. Alexandros M. Goulielmos, 2018. "“After End-2008 Structural Changes in Containership Market” and Their Impact on Industry’s Policy," IJFS, MDPI, vol. 6(4), pages 1-21, November.
    2. Kazuhiro Takauchi & Tomomichi Mizuno, 2022. "Endogenous transport price, R&D spillovers, and trade," The World Economy, Wiley Blackwell, vol. 45(5), pages 1477-1500, May.
    3. Alexander M. Goulielmos, 2017. "“Containership Markets”: A Comparison with Bulk Shipping and a Proposed Oligopoly Model," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(2), pages 47-68, April-Jun.
    4. Christa Sys, 2013. "Persistence of profits in the container liner shipping industry," Chapters, in: Thomas Vanoutrive & Ann Verhetsel (ed.), Smart Transport Networks, chapter 6, pages 99-125, Edward Elgar Publishing.
    5. González Laxe, Fernando, 2018. "El transporte marítimo y los desarrollos portuarios. El nuevo rol de las alianzas marítimas en el tablero internacional/The Maritime Transport and the Port Development. The New Role of the Maritime Al," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 36, pages 647-668, Septiembr.
    6. Kazuhiro Takauchi & Tomomichi Mizuno, 2019. "Is competition in the transport industry bad?A welfare analysis of R&D with inter-regional transportation," Discussion Papers 1910, Graduate School of Economics, Kobe University.
    7. BALLIAUW, Matteo, 2015. "An analysis of entry and exit decisions in shipping markets under uncertainty," Working Papers 2015013, University of Antwerp, Faculty of Business and Economics.

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