A non-structural test for competition in the container liner shipping industry

Christa Sys, Hilde Meersman and Eddy Van De Voorde

Maritime Policy & Management, 2011, vol. 38, issue 3, 219-234

Abstract: This study examines the competitive conditions of the Containerized Liner Shipping Industry (CLSI). The degree of competition prevailing in this industry will be assessed using the Panzar and Rosse H -statistic. The properties of this non-structural methodology (e.g. using firm level data, robustness in small samples, no need to specify a relevant market, etc.) make it an excellent framework for assessing the degree of competition in the CLSI. The empirical specifications are based on an unbalanced panel of data regarding a sample of 18 major liner operators covering the period 1999 to 2008. A significantly positive unscaled value of the H -statistic has been found. This means that the hypothesis can be rejected that the CLSI market structure corresponds to a neoclassical monopoly, a collusive oligopoly or a conjectural variations short-run oligopoly.

Date: 2011
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DOI: 10.1080/03088839.2011.572708

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