SOME MARKET POWER IMPLICATIONS OF THE SHIPPING ACT OF 1984: A CASE STUDY OF THE U.S. TO PACIFIC RIM TRANSPORTATION MARKETS

Wesley Wilson and Ken Casavant

Western Journal of Agricultural Economics, 1991, vol. 16, issue 2, 8

Abstract: The shipping Act of 1984 represents a new attempt to balance the benefits of a conference (cartel) system against its costs. This legislation may have increased conference market power by streamlining the regulatory process and expanding antitrust immunity. Alternatively, the legislation may have decreased conference market power by providing for the Mandatory Right to Independent Action and Service Contracts. We develop and estimate an econometric model and find that any increased market power is offset by competitive provisions when those competitive provision apply. However, when those provisions do not apply, the Act may increase market power.

Keywords: Industrial; Organization (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32596

DOI: 10.22004/ag.econ.32596

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