Ocean Freight Rate Variability as a Factor in International Agricultural Trade

Binkley, James K.

doi:10.22004/ag.econ.279415

Ocean Freight Rate Variability as a Factor in International Agricultural Trade

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.

Subject(s):

Public Economics

Issue Date:

1981-07

Publication Type:

Conference Paper/ Presentation

DOI and Other Identifiers:

10.22004/ag.econ.279415

Record Identifier:

https://ageconsearch.umn.edu/record/279415

Language:

English