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Abstract: Ocean Shipping Cartels: A Survey
Abstract
Ocean Shipping Cartels: A Survey
The Review of Network Economics
Vol. 3, Issue 2 - June 2004, pp 107-134
Author
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William Sjostrom
Centre for Policy Studies, National University of Ireland, Cork
E-mail: [email protected] |
Abstract
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Liner shipping has been characterized by collusive agreements, called shipping conferences, since its founding in the mid-nineteenth century. This article surveys the competing models of shipping conferences, including monopolizing cartels and destructive competition models, and reviews a variety of their practices to see how much light they can shed on the profitability and efficiency of conferences.
Keywords: collusive agreements, monopolizing cartels, efficiency of conferences.
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