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Ocean Freight Rate Variability as a Factor in International Agricultural Trade

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  • Binkley, James K.

Abstract

Due to inelastic shipping supply, ocean freight rates can fluctuate significantly over short periods. This variability can affect trade analysis. This paper presents evidence on rate variability and discusses possible implications for welfare gains from price stabilization and free trade, for comparative advantage, and for the effects of market power.

Suggested Citation

  • Binkley, James K., 1981. "Ocean Freight Rate Variability as a Factor in International Agricultural Trade," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279415, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279415
    DOI: 10.22004/ag.econ.279415
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    References listed on IDEAS

    as
    1. Darrell Hueth & Andrew Schmitz, 1972. "International Trade in Intermediate and Final Goods: Some Welfare Implications of Destabilized Prices," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 86(3), pages 351-365.
    2. James K. Binkley & Bruce Harrer, 1981. "Major Determinants of Ocean Freight Rates for Grains: An Econometric Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 47-57.
    3. Colin Carter & Andrew Schmitz, 1979. "Import Tariffs and Price Formation in the World Wheat Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(3), pages 517-522.
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