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Replication data for: Time to Build and Fluctuations in Bulk Shipping

Version
V0
Resource Type
Dataset
Creator
  • Kalouptsidi, Myrto
Publication Date
2014-02-01
Description
  • Abstract

    This paper explores the nature of fluctuations in world bulk shipping by quantifying the impact of time to build and demand uncertainty on investment and prices. We examine the impact of both construction lags and their lengthening in periods of high investment activity, by constructing a dynamic model of ship entry and exit. A rich dataset of secondhand ship sales allows for a new estimation strategy: resale prices provide direct information on value functions and allow their nonparametric estimation. We find that moving from time-varying to constant to no time to build reduces prices, while significantly increasing both the level and volatility of investment.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.104.2.564 (Text)
Publications
  • Kalouptsidi, Myrto. “Time to Build and Fluctuations in Bulk Shipping.” American Economic Review 104, no. 2 (February 2014): 564–608. https://doi.org/10.1257/aer.104.2.564.
    • ID: 10.1257/aer.104.2.564 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Kalouptsidi, Myrto (2014): Replication data for: Time to Build and Fluctuations in Bulk Shipping. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112737