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The Stability of Market Shares in Liner Shipping

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Abstract

The Ocean Shipping Reform Act (OSRA) of 1998 significantly shifted the industrial structure of liner shipping markets from one that was dominated by price-fixing liner shipping conferences to one that is dominated by non-binding discussion agreements, global alliances, and long-term confidential contracting. The objective of this paper is to determine the extent to which the abandonment of the liner conference system on U.S. trade lanes affected the market share stability of individual steamship lines. The approach is to estimate a model of market share variation in U.S. liner shipping markets and compare the results under the two separate regulatory regimes.

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  1. Department of Economics, Tufts University, Braker Hall 220-D, Medford, MA, 02155, USA

    Mike Fusillo

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  1. Mike Fusillo
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Correspondence to Mike Fusillo.

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Fusillo, M. The Stability of Market Shares in Liner Shipping. Rev Ind Organ 42, 85–106 (2013). https://doi.org/10.1007/s11151-012-9359-3

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  • DOI: https://doi.org/10.1007/s11151-012-9359-3

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