The demise of regulation in ocean shipping: a study in the evolution of competition policy and the predictive power of microeconomics.

From: Vanderbilt Journal of Transnational Law | Date: May 1, 2006| Author: Sagers, Chris | Copyright information

ABSTRACT

Over its 140 year history, ocean liner shipping has almost always enjoyed an antitrust exemption permitting price-fixing cartels of ocean carriers. The exemption was premised on the belief that problems of cost and capacity inherent in the trade can be resolved only by horizontal collusion. Now that that exemption has been whittled away by deregulatory efforts, the pre- and post-deregulation evidence presents one of the world's rare opportunities for natural exp...

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