Contestability of Container Liner Shipping Market in Alliance Era
A cross section panel model is applied to estimate the effect that the Herfindahl-Hirschman Index (HHI) has on container freight rates for a sample of six major container liner shipping routes during 2009 to 2011. The estimated coefficient of HHI is non-positive and statistically insignificant, indi...
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Format: | Article |
Language: | English |
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Elsevier
2017-03-01
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Series: | Asian Journal of Shipping and Logistics |
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Online Access: | http://www.sciencedirect.com/science/article/pii/S2092521217300044 |
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author | Enna Hirata |
author_facet | Enna Hirata |
author_sort | Enna Hirata |
collection | DOAJ |
description | A cross section panel model is applied to estimate the effect that the Herfindahl-Hirschman Index (HHI) has on container freight rates for a sample of six major container liner shipping routes during 2009 to 2011. The estimated coefficient of HHI is non-positive and statistically insignificant, indicating that higher concentration level does not lead to high price and the container liner shipping market is contestable for the period under consideration. The suggestion that efficiency can be achieved without actual competition in a contestable market is highly significant for policy makers. |
first_indexed | 2024-12-10T05:09:53Z |
format | Article |
id | doaj.art-a0f19b8b3569491593a13aa722ad2266 |
institution | Directory Open Access Journal |
issn | 2092-5212 |
language | English |
last_indexed | 2024-12-10T05:09:53Z |
publishDate | 2017-03-01 |
publisher | Elsevier |
record_format | Article |
series | Asian Journal of Shipping and Logistics |
spelling | doaj.art-a0f19b8b3569491593a13aa722ad22662022-12-22T02:01:08ZengElsevierAsian Journal of Shipping and Logistics2092-52122017-03-01331273210.1016/j.ajsl.2017.03.004Contestability of Container Liner Shipping Market in Alliance EraEnna HirataA cross section panel model is applied to estimate the effect that the Herfindahl-Hirschman Index (HHI) has on container freight rates for a sample of six major container liner shipping routes during 2009 to 2011. The estimated coefficient of HHI is non-positive and statistically insignificant, indicating that higher concentration level does not lead to high price and the container liner shipping market is contestable for the period under consideration. The suggestion that efficiency can be achieved without actual competition in a contestable market is highly significant for policy makers.http://www.sciencedirect.com/science/article/pii/S2092521217300044Container Liner ShippingAllianceContestabilityLiner Freight RatesHerfindahl-Hirschman Index |
spellingShingle | Enna Hirata Contestability of Container Liner Shipping Market in Alliance Era Asian Journal of Shipping and Logistics Container Liner Shipping Alliance Contestability Liner Freight Rates Herfindahl-Hirschman Index |
title | Contestability of Container Liner Shipping Market in Alliance Era |
title_full | Contestability of Container Liner Shipping Market in Alliance Era |
title_fullStr | Contestability of Container Liner Shipping Market in Alliance Era |
title_full_unstemmed | Contestability of Container Liner Shipping Market in Alliance Era |
title_short | Contestability of Container Liner Shipping Market in Alliance Era |
title_sort | contestability of container liner shipping market in alliance era |
topic | Container Liner Shipping Alliance Contestability Liner Freight Rates Herfindahl-Hirschman Index |
url | http://www.sciencedirect.com/science/article/pii/S2092521217300044 |
work_keys_str_mv | AT ennahirata contestabilityofcontainerlinershippingmarketinallianceera |