This paper extends earlier investigations into the structure of shipping markets, and, in particular, examines the implicit assumption made in some applied studies that these markets are efficient. The idea of cointegration, recently developed in the time series literature, is used to analyse the world-wide markets for secondhand dry bulk carriers. The results raise serious doubts over the validity of efficient markets hypothesis in these cases.


    Zugriff

    Zugriff prüfen

    Verfügbarkeit in meiner Bibliothek prüfen

    Bestellung bei Subito €


    Exportieren, teilen und zitieren



    Titel :

    The market for second-hand ships: some results on efficiency using cointegration


    Beteiligte:
    Hale, Chris (Autor:in) / Vanags, Alf (Autor:in)

    Erschienen in:

    Erscheinungsdatum :

    01.03.1992




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Unbekannt