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Endogenous transport prices and trade imbalances

Olaf Jonkeren, Erhan Demirel, Jos van Ommeren and Piet Rietveld.

in Journal of Economic Geography

May 2011; p ublished online February 2010 .

Journal Article. Subjects: Transport; International Trade; Production and Organizations; Transportation Systems; Market Structure and Pricing. 8694 words.

According to economic theory, imbalances in trade flows affect transport prices, because (some) carriers have to return without cargo from the low-demand region to the high-demand region....

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