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Container shipping: A market equilibrium perspective on freight rates formation post-Covid-19

dc.contributor.authorTvedt, Jostein
dc.contributor.authorHovi, Inger Beate
dc.coverage.spatialNorway, Osloen_US
dc.date.accessioned2024-02-22T08:53:30Z
dc.date.available2024-02-22T08:53:30Z
dc.date.created2023-12-05T14:56:23Z
dc.date.issued2023-12-02
dc.identifier.citationTransportation Research Part A: Policy and Practice. 2024, 179, 1-14.en_US
dc.identifier.issn0965-8564
dc.identifier.urihttps://hdl.handle.net/11250/3119181
dc.descriptionJostein Tvedt, Inger Beate Hovi, Container shipping: A market equilibrium perspective on freight rates formation post-Covid-19, Transportation Research Part A: Policy and Practice, Volume 179, 2024, 103917, ISSN 0965-8564, https://doi.org/10.1016/j.tra.2023.103917en_US
dc.description.abstractThe unprecedented container shipping freight rate levels post-Covid-19 are studied in a stochastic dynamic partial equilibrium framework. The proposed container marked model is calibrated on annual aggregate data from the two recent decades. The observed freight rate levels in 2021 and 2022 match a switch of competitive equilibria from Bertrand to Cournot competition. Whereas increased costs and reduced productivity play a role in explaining freight rates, these factors alone appear not to be able to justify the high post-Covid-19 freight rate levels.en_US
dc.description.abstractContainer shipping: A market equilibrium perspective on freight rates formation post-Covid-19en_US
dc.language.isoengen_US
dc.publisherElsevier Ltden_US
dc.rightsNavngivelse 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.no*
dc.subjectContainer shipping alliancesen_US
dc.subjectShipping freight ratesen_US
dc.subjectOligopolyen_US
dc.titleContainer shipping: A market equilibrium perspective on freight rates formation post-Covid-19en_US
dc.title.alternativeContainer shipping: A market equilibrium perspective on freight rates formation post-Covid-19en_US
dc.typeJournal articleen_US
dc.typePeer revieweden_US
dc.rights.holder© 2023 The Author(s)en_US
dc.source.articlenumber103917en_US
dc.description.versionpublishedVersionen_US
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode2
dc.identifier.doi10.1016/j.tra.2023.103917
dc.identifier.cristin2209328
dc.source.journalTransportation Research Part A: Policy and Practiceen_US
dc.source.volume179en_US
dc.source.issueJanuary 2024en_US
dc.source.pagenumber1-14en_US
dc.relation.projectNorges forskningsråd: 316533en_US


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