The Experts below are selected from a list of 177 Experts worldwide ranked by ideXlab platform
Tristan Smith - One of the best experts on this subject based on the ideXlab platform.
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the impact of split incentives on energy efficiency technology investments in maritime transport
Energy Policy, 2020Co-Authors: Nishatabbas Rehmatulla, Tristan SmithAbstract:Abstract This paper presents the first analysis of how the split incentive market failure affects the implementation of energy efficiency technologies in the maritime transport sector. In maritime transport, split incentives occur due to the different types of charter (resulting in the divided responsibility for fuel costs) existing between shipowners and Charterers. The paper uses a robust and rigorous framework of methods to operationalise the split incentive concept in a cross-sectional survey of 275 shipowners, representing around 25% (6000 ships) of the target population, resulting in the most comprehensive data on the implementation of energy efficiency technologies in shipping. The findings show, contrary to that postulated in the literature, that firms that have majority of their ships on time charter (i.e. those that don't directly observe the energy price signal but may potentially receive an energy efficiency premium) have a higher implementation of energy efficiency technologies compared to firms that operate ships on the spot charter (i.e. directly observe the price signal). To some extent the findings could be due to the effect that other confounding variables may have on the implementation of measures and the extent to which the shipping market is correcting or overcoming the split incentive efficiency problem.
Francoischarles Wolff - One of the best experts on this subject based on the ideXlab platform.
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the influence of Charterers and owners on bulk shipping freight rates
Transportation Research Part E-logistics and Transportation Review, 2016Co-Authors: Roar Adland, Pierre Cariou, Francoischarles WolffAbstract:Abstract We propose a model for freight rate formation in individual contracts that incorporates charterer and owner heterogeneity and owner–charterer match effects. We estimate fixed effect regressions and implement a variance decomposition for 2863 VLCC tanker and 1789 Capesize fixtures between 2011 and 2014. Although market conditions and routes remain the most influential covariates, the characteristics of Charterers, owners and of their matches are also significant microeconomic determinants of the freight rate level. The contribution of the charterer fixed effect is large in the VLCC market, while the charterer and match effects are large contributors to the Capesize spot freight rate.
Nishatabbas Rehmatulla - One of the best experts on this subject based on the ideXlab platform.
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the impact of split incentives on energy efficiency technology investments in maritime transport
Energy Policy, 2020Co-Authors: Nishatabbas Rehmatulla, Tristan SmithAbstract:Abstract This paper presents the first analysis of how the split incentive market failure affects the implementation of energy efficiency technologies in the maritime transport sector. In maritime transport, split incentives occur due to the different types of charter (resulting in the divided responsibility for fuel costs) existing between shipowners and Charterers. The paper uses a robust and rigorous framework of methods to operationalise the split incentive concept in a cross-sectional survey of 275 shipowners, representing around 25% (6000 ships) of the target population, resulting in the most comprehensive data on the implementation of energy efficiency technologies in shipping. The findings show, contrary to that postulated in the literature, that firms that have majority of their ships on time charter (i.e. those that don't directly observe the energy price signal but may potentially receive an energy efficiency premium) have a higher implementation of energy efficiency technologies compared to firms that operate ships on the spot charter (i.e. directly observe the price signal). To some extent the findings could be due to the effect that other confounding variables may have on the implementation of measures and the extent to which the shipping market is correcting or overcoming the split incentive efficiency problem.
Roar Adland - One of the best experts on this subject based on the ideXlab platform.
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the influence of Charterers and owners on bulk shipping freight rates
Transportation Research Part E-logistics and Transportation Review, 2016Co-Authors: Roar Adland, Pierre Cariou, Francoischarles WolffAbstract:Abstract We propose a model for freight rate formation in individual contracts that incorporates charterer and owner heterogeneity and owner–charterer match effects. We estimate fixed effect regressions and implement a variance decomposition for 2863 VLCC tanker and 1789 Capesize fixtures between 2011 and 2014. Although market conditions and routes remain the most influential covariates, the characteristics of Charterers, owners and of their matches are also significant microeconomic determinants of the freight rate level. The contribution of the charterer fixed effect is large in the VLCC market, while the charterer and match effects are large contributors to the Capesize spot freight rate.
Pierre Cariou - One of the best experts on this subject based on the ideXlab platform.
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the influence of Charterers and owners on bulk shipping freight rates
Transportation Research Part E-logistics and Transportation Review, 2016Co-Authors: Roar Adland, Pierre Cariou, Francoischarles WolffAbstract:Abstract We propose a model for freight rate formation in individual contracts that incorporates charterer and owner heterogeneity and owner–charterer match effects. We estimate fixed effect regressions and implement a variance decomposition for 2863 VLCC tanker and 1789 Capesize fixtures between 2011 and 2014. Although market conditions and routes remain the most influential covariates, the characteristics of Charterers, owners and of their matches are also significant microeconomic determinants of the freight rate level. The contribution of the charterer fixed effect is large in the VLCC market, while the charterer and match effects are large contributors to the Capesize spot freight rate.