Vincent Stamer (Kiel Institute)
Tracking every container ship for ﬁve years, we introduce a highly dimensional data set for the analysis of trade costs. We recreate the exact movement proﬁle of ships using advanced shortest-path algorithms in order to provide information on port-pair trade characteristics such as distance, speed, ship speciﬁcations, port call patterns and dozens more economically meaningful variables. We use both the data and a model to explain shipping ﬁrm behavior, thereby explaining trade costs such as time in transit in a micro-founded setting. In an application, we measure the eﬀects of oil prices on time in transit.
Gabriel Felbermayr (Kiel Institute) — Vincent Stamer (Kiel Institute)
Virtually via Gotomeeting