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City Bergen / Cambridge / / Company Princeton University Press / Strandenes S.P. / Hanson / Norway Strandenes S.P. / Clarkson Research Ltd. / H. and Strandenes S.P. / MIT Press / / Currency USD / / IndustryTerm computerised steel cutting / gas carriers / bulk carrier segment / shipyard technology / oil tankership rates / empirical applications / / Organization Norwegian School of Economics / Princeton University / U.S. Treasury / MIT / Sticky Newbuilding Prices Roar Adland Department of Economics / US Federal Reserve / / Position rt / / ProvinceOrState Massachusetts / / Technology simulation / shipyard technology / / SocialTag 
Shipping Market Integration - The Case of Sticky Newbuilding Prices Roar Adland Department of Economics, Norwegian School of Economics, 5035 Bergen, Norway Abstract In this paper we derive an equation defining contempor