A study on the market performance of maritime- and port industries in East Asia region

这项研究的主要目的是评估海运和港口行业的市场表现，特别是在东亚地区。为了解决这一问题，我们首先观察了估计的系统风险Beta与日本班轮航运业市场竞争程度之间的关系。其次，使用我们先前构建的模型检验了惊吓汇率(现货、租船和远期汇率，如FFA)的确定。第三，在港口产业方面，利用非合作博弈构建了港口间竞争模型，并将其应用于东亚港口(神户、釜山)。

The main purpose of this study is to evaluate market performance of the maritime- and port industries, especially in East Asia region. To address this, we first observe the relationship between the estimated systematic risk betas and the degrees of market competition in the Japanese liner shipping industry. Secondly, the determinations of fright rates (spot, charter, and forward rate such as FFA) are examined by using our previously constructed models. Thirdly, regarding port industries, we construct the models of inter-port competition by using non-cooperative game, and applied them to the East Asian ports (such as Kobe and Busan).