Browsing by Author "Singer, Marcos"

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    Nash bargaining of transportation rates with flow imbalances
    (2022) Singer, Marcos; Pardo, Ignacio; Sanchez, Ricardo J.
    Consider two points, A and B, which trade products with a flow imbalance. We postulate that shippers at A face an implicit negotiation with the shippers at B regarding who must bear the cost of a vehicle travelling back and forth. Following the Nash bargaining model, we deduce that the ratio (freight rate A-to-B)/(freight rate B-to-A) changes linearly with the ratio (flow B-to-A)/(flow A-to-B). We validate our model with evidence from previous publications and with quarterly data from the Transatlantic, Transpacific and Europe-Asia maritime routes from 2003 to 2012.
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    The effect of within-firm vertical pay disparity in occupational safety
    (2022) Ramirez, Cristian; Tarzijan, Jorge; Singer, Marcos