Time of Transportation – Evidence from Container Ship Movement Patterns — Vincent Stamer

Sprecher

Vincent Stamer (Kiel Institute)

Abstract

Tracking every container ship for five years, we introduce a highly dimensional data set for the analysis of trade costs. We recreate the exact movement profile of ships using advanced shortest-path algorithms in order to provide information on port-pair trade characteristics such as distance, speed, ship specifications, port call patterns and dozens more economically meaningful variables. We use both the data and a model to explain shipping firm behavior, thereby explaining trade costs such as time in transit in a micro-founded setting. In an application, we measure the effects of oil prices on time in transit.

Autoren

Gabriel Felbermayr (Kiel Institute) — Vincent Stamer (Kiel Institute)

Raum

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