Please use this identifier to cite or link to this item: https://ktisis.cut.ac.cy/handle/10488/9414
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dc.contributor.authorGkochari, Christiana C.-
dc.contributor.otherΓκόχαρη, Χριστιάνα Χ.-
dc.date.accessioned2017-02-02T11:39:18Z-
dc.date.available2017-02-02T11:39:18Z-
dc.date.issued2015-07-01-
dc.identifier.citationTransportation Research Part E: Logistics and Transportation Review, 2015, Volume 79, Pages 102-109en_US
dc.identifier.issn13665545-
dc.identifier.urihttp://ktisis.cut.ac.cy/handle/10488/9414-
dc.description.abstractThe aim of this paper is to illustrate, for the first time, the performance of optimal perfectly competitive investment strategies based on option games in dry bulk shipping. Using a dataset of the Capesize market development over the period January 2000-May 2013 the author derives the stochastic dynamic equilibrium in that market. Moreover, the author examines the effect of newbuildings completion delays and finds that moving from completion delays to no time-to-build reduces the trigger value. The current analysis brings about additional insights and helps explain the existence of boom-and-bust cycles in shipping.en_US
dc.formatpdfen_US
dc.language.isoenen_US
dc.publisherElsevier Ltden_US
dc.rights© 2015 Elsevier Ltd.en_US
dc.subjectBoom-and-bust cyclesen_US
dc.subjectDry bulk shippingen_US
dc.subjectInvestment strategyen_US
dc.subjectOption gamesen_US
dc.subjectPerfect competitionen_US
dc.subjectTime to builden_US
dc.titleOptimal investment timing in the dry bulk shipping sectoren_US
dc.typeArticleen_US
dc.doihttp://dx.doi.org/10.1016/j.tre.2015.02.018en_US
dc.collaborationCyprus University of Technologyen_US
dc.subject.categoryEconomics and Businessen_US
dc.journalsSubscription Journalen_US
dc.countryCyprusen_US
dc.subject.fieldSocial Sciencesen_US
dc.publicationPeer Revieweden_US
item.grantfulltextnone-
item.fulltextNo Fulltext-
item.languageiso639-1other-
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