The role of insurance in international shipping costs

Adrian Wolanski

Economics Letters, 2017, vol. 155, issue C, 116-120

Abstract: We estimate insurance costs for international shipments, and determine that distance does not affect insurance costs. This corroborates empirical observations of the Alchian–Allen effect. We also show that GDP per capita is endogenously related to unit value through insurance costs.

Keywords: Transportation costs; Iceberg costs; Alchian–Allen effect (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:155:y:2017:i:c:p:116-120

DOI: 10.1016/j.econlet.2017.03.025

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