PubAg

Main content area

The role of insurance in international shipping costs

Author:
Wolanski, Adrian
Source:
Economics letters 2017 v.155 pp. 116-120
ISSN:
0165-1765
Subject:
cost analysis, insurance, shipping
Abstract:
We estimate insurance costs for international shipments, and determine that distance does not affect insurance costs. This corroborates empirical observations of the Alchian–Allen effect. We also show that GDP per capita is endogenously related to unit value through insurance costs.
Agid:
6099882