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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… Click to show full 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.
Keywords:
insurance;
international shipping;
role insurance;
insurance costs;
shipping costs;
insurance international
Journal Title: Economics Letters
Year Published: 2017
Link to full text (if available)
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Journal Title: Economics Letters
Year Published: 2017
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!