A study on market structure and pricing behavior in the maritime shipping industry

• Project/Area Number: 19730171
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Single-year Grants
• Research Field: Applied economics
• Research Institution: University of Fukui
• Principal Investigator: TEZUKA Koichiro University of Fukui, 教育地域科学部, 准教授 (90323914)
• Project Period (FY): 2007 – 2009
• Project Status: Completed (Fiscal Year 2009)
• Budget Amount: ¥2,230,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥330,000); Fiscal Year 2009: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000); Fiscal Year 2008: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000); Fiscal Year 2007: ¥800,000 (Direct Cost: ¥800,000)
• Keywords: 交通経済学 / 海上輸送産業 / 定期船市場 / 不定期船市場 / CAPM / スポット運賃 / 先物・先渡し価格 / 港湾 / ガバナンス / アライアンス / 先渡し / 先物価格 / 港湾間競争 / 応用経済学 / スポット価格 / 先物 / 先渡し価格 / 先物カーブ / 海運同盟 / グローバル・アライアンス

Research Abstract

This study consists of three parts. First part of the study observes changes of the Japanese liner shipping markets by using time varying CAPM β.The second is to construct models to explain the determinants of spot and future/forward prices in tramp shipping markets. The third is to examine the effect of governance structure on ports by using simple models and case studies.

Research Products

• [Journal Article] 港湾間競争における諸論点外の課題:若干の検討 (2010)
  • Author(s): 手塚広一郎
  • Journal Title: 運輸と経済 第70巻3号 Pages: 23-31
• [Journal Article] 港湾問競争における諸論点とその課題:若干の検討 (2010)
  • Author(s): 手塚広一郎 Paul T-W Lee
  • Journal Title: 運輸と経済 第70巻 Pages: 23-31
• [Journal Article] 港湾の整備・運営とガバナンス構造:若干の覚え書き (2009)
  • Author(s): 手塚広一郎
  • Journal Title: 国民経済雑誌 第200巻1号 Pages: 15-30
• [Journal Article] Private participation in port facilities: the case of Japanese PFI container terminal project, Proceedings of 2009 International Conference on Shipping (2009)
  • Author(s): K. Tezuka
  • Journal Title: Port and Logistics Management (CD-ROM)
  • Peer Reviewed
• [Journal Article] Private participation in port facilities : The case of Japanese container terminal project (2009)
  • Author(s): K.Tezuka
  • Journal Title: Proceedings of Shipping, Port and Logistics Management, Inha University, Korea. (CD-ROM)
  • Peer Reviewed
• [Journal Article] 港湾の整備・運営とガバナンス構造:若干の覚書 (2009)
  • Author(s): 手塚広一郎
  • Journal Title: 国民経済雑誌 第200巻 Pages: 15-30
• [Journal Article] Game Theoretical Analysis of Port Competition ; The case of Busan and Kobe ports (2009)
  • Author(s): M.Ishii, Paul T-W Lee, K.Tezuka, Y-T Changa
  • Journal Title: Proceedings of 2009 IAME Conference, Copenhagen, Denmark (CD-ROM)
  • Peer Reviewed
• [Journal Article] 航空産業における安全性の確保と市場の評価〜イベントスタディによるアプローチ〜 (2009)
  • Author(s): 手塚広一郎・浅井義裕・大浜賢一朗
  • Journal Title: 福井大学教育学部紀要第III部社会科学 64 Pages: 129-139
  • NAID: 110007197306
• [Journal Article] Strategic behavior and the determination of spot prices in shipping freight markets: A game theoretical approach (2008)
  • Author(s): K. Tezuka, M. Ishii
  • Journal Title: Proceedings of IAME 2008 Conference (CD-ROM)
  • Peer Reviewed
• [Journal Article] Systematic risk and competitive environment in the Japanese shipping industry, Proceedings of 2008 International Conference on Shipping (2008)
  • Author(s): K. Tezuka
  • Journal Title: Port and Logistics Management Pages: 271-278
  • Peer Reviewed
• [Journal Article] A study on shipping freight futures curves in an equilibrium market model, Proceedings of IAME2007 Conference (2007)
  • Author(s): M. Ishizaka, K. Tezuka, M. Ishii
  • Journal Title: Athens, Greece (CD-ROM)
  • Peer Reviewed
• [Journal Article] Equilibrium Spot and Futures Price Process in Shipping Markets-Numerical Calculations of Futures Curves and Premiums- (2007)
  • Author(s): K. Tezuka and M. Ishizaka
  • Journal Title: The Journal of Shipping and Logistics Vol.55 Pages: 195-213
• [Presentation] 電力取引市場における先渡し価格評価の枠組み (2009)
  • Author(s): 石井昌宏, 手塚広一郎
  • Organizer: リアルオプション学会
  • Place of Presentation: 信州大学繊維学部
  • Year and Date: 2009-12-13
• [Presentation] 港湾の整備・運営とガバナンス-所有, インセンティブ, および競争- (2008)
  • Author(s): 手塚広一郎
  • Organizer: 日本交通学会関東部会 日本海運経済学会関東部会共催
  • Place of Presentation: 大東文化大学
  • Year and Date: 2008-12-02
• [Presentation] わが国の定期船市場における競争環境の変化と市場リスクへの影響 (2008)
  • Author(s): 手塚広一郎
  • Organizer: 日本海運経済学会
  • Place of Presentation: 関西大学
  • Year and Date: 2008-10-18
• [Presentation] わが国定期船市場における競争環境の変化と市場リスクへの影響 (2008)
  • Author(s): 手塚広一郎
  • Organizer: 日本海運経済学会
  • Place of Presentation: 関西大学
  • Year and Date: 2008-10-17
• [Presentation] Strategic Behaviour and the determination of spot Prices in shipping freight markets (2008)
  • Author(s): K. Tezuka and M. Ishii
  • Organizer: International Association of Maritime Economists 2008 conference
  • Place of Presentation: Dalian Maritime University, 中国
  • Year and Date: 2008-04-02
• [Presentation] Systematic Risk and Competitive Environment in the Japanese Shipping Industry (2008)
  • Author(s): K. Tezuka
  • Organizer: 2008 International Conference on Shipping, Port and Logistics Management
  • Place of Presentation: Kainan University, Taoyuan, Taiwan
  • Year and Date: 2008-03-28
• [Presentation] Equilibrium Spot and Futures Price Process in Shipping Markets -Numerical Calculations of Futures Curves and Premiums- (2008)
  • Author(s): K, Tezuka and M. Ishizaka
  • Organizer: 45th Conference on Korean Association of Logistics and Shipping
  • Place of Presentation: COEX (Korean World Trade Center), Seoul, Korea
  • Year and Date: 2008-02-02
• [Presentation] A Study on Shipping Freight Futures Curves in an Equilibrium Market Model (2007)
  • Author(s): M. Ishizaka, K. Tezuka and M. Ishii
  • Organizer: International Association of Maritime Economists 2008 Annual Conference
  • Place of Presentation: Metropolitan Hotel, Athens, Greek
  • Year and Date: 2007-07-05
• [Presentation] Ownership and Incentives in Transportation Infrastructure Projects (2007)
  • Author(s): K. Tezuka, Y. Yasuda
  • Organizer: The 11th World Conference on Transportation Research
  • Place of Presentation: University of California, Berkley, U.S.
  • Year and Date: 2007-06-24
• [Book] 世界同時不況と地域経済(第8章「エネルギー価格と公共料金」, 福井県大学連携リーグ双書) (2010)
  • Author(s): 手塚広一郎
  • Total Pages: 273
• [Book] 「株式市場にみる都市ガス産業の変化」竹中康治編『ガス産業の総合分析』第8章 (2009)
  • Author(s): 手塚広一郎
  • Publisher: NTT出版
• [Book] 高校生のための大学の授業;学問から見る企業のかたち
  • Author(s): 手塚広一郎, 他
  • Total Pages: 259
  • Publisher: 弘文堂