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"The importance in
the field of shipbuilding lies, in my opinion,
in the fact that
an endogenous
cycle of about eight years exists,
caused by supply
lagging behind price"
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"At Erasmus, we don't teach Maritime
Economics; we write it.
Join us (if you can)"Prof. dr.
H.E. Haralambides
MEL Director |
"...the relative inelasticity of
both supply
and demand in years of prosperity explains the excessive fluctuations
of tanker rates in
response to changes in demand factors
and
supply factors in such periods.."
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JAN TINBERGEN, 1969 Nobel Laureate in Economics
Professor of Economics, Erasmus University Rotterdam
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T. C. KOOPMANS, 1975 Nobel Laureate in Economics
Professor of Economics ,Erasmus University Rotterdam
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