2026-04-13T06:17:24Zhttps://recercat.cat/oai/requestoai:recercat.cat:10230/695272025-12-25T19:57:12Zcom_2072_6col_2072_452954
RECERCAT
author
Cuka, Patrick
author
Villacorta, Raúl
2025-02-07T12:53:09Z2025-02-07T12:53:09Z2024-06
Treball fi de màster de: Master's Degree in Specialized Economic Analysis: Specialization in Competition, Regulation and Markets Program. Curs 2023-2024Tutors: Rosa Ferrer, Fabian Gaessler and Juan-José GanuzaThis study investigates the impact of shipping alliances and market concentration on maritime freight rates. For this purpose, we analyse Peruvian containerized imports at the transaction level using customs data and public mergers, acquisitions, and shipping alliances announcements from 2014 to 2018. Using a modified price-concentration analysis (PCA), we find that higher carrier-level concentration raises prices, while greater alliance-level concentration lowers them, particularly on smaller routes. Additionally, mergers and acquisitions tend to increase prices. Our findings are robust to different specifications and can be applied to countries with similar characteristics to those of Peru.Este estudio investiga el impacto de las alianzas navieras y la concentración del mercado en los fletes marítimo. Para ello, analizamos transacciones de importación de contenedores en el Perú utilizando información aduanera y anuncios públicos de fusiones, adquisiciones y alianzas navieras desde 2014 hasta 2018. Mediante un análisis de precios-concentración (PCA) modificado, encontramos que una mayor concentración de líneas navieras aumenta los precios, y una mayor concentración de alianzas los reduce, particularmente en rutas más pequeñas. Además, las fusiones y adquisiciones tienden a incrementar los precios. Nuestros hallazgos son robustos a diferentes especificaciones y aplicables a países similares al Perú.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License https://creativecommons.org/licenses/by-nc-nd/4.0 info:eu-repo/semantics/openAccess
Treball de fi de màster – Curs 2023-2024
Shipping alliances
Market concentration
Price-concentration analysis
Alianzas navieras
Concentración de mercado
Análisis de precios-concentración
A tale of two tides: comparing the price effect of market concentration and alliances in the container shipping market
info:eu-repo/semantics/masterThesis