Maritime Economics includes Port, Shipbuilding and
Shipping economics with two important, but unresolved so far, issues/questions:
1) Is the vessel the firm (?) and 2) Is the tanker market perfectly
competitive? These issues were thoroughly analyzed. There is also the opinion
of Professor Button K (2005), about maritime economists, which we considered it
necessary to evaluate. A review of Prof. Goss’ paper on “early history of
maritime economics” (2002), as well his entire contribution, is also carried-out
as an obituary1 to his recent death. Reference is also made to Prof.
Talley’s research (2013) on “maritime economics” (2001-2012) in order to show the
progress of this relatively new science of applied economics. Finally, the
state of the tanker market, after 1987, and till 2010, is presented to connect
past with present.
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