WHAT WOULD ADAM SMITH SAY ABOUT THE MARKET IN OCEAN SHIPPING?
A study is being conducted by the Justice Department of the premises that justify the pattern of regulation and restricted competition along maritime trade routes. Several issues of fact in shipping make it difficult to say that unregulated competition is beneficial. Included among these issues are the impact of high fixed cost and unused capacity in a competitive situation.
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Howard Publications, Incorporated300 W. Adams Street, Suite 600, P.O. Box 4728
Jacksonville, FL USA 32201
- Publication Date: 1976-12
- Pagination: p. 26-27
- TRT Terms: Competition; Foreign; International trade; Rate making; Shipping conferences; Trade restrictions
- Uncontrolled Terms: International competition
- Old TRIS Terms: Conference operations
- Subject Areas: Administration and Management; Marine Transportation;
- Accession Number: 00149571
- Record Type: Publication
- Source Agency: American Shipper Magazine
- Files: TRIS
- Created Date: Apr 13 1977 12:00AM