Cost Structure and Period Rates, for Oil Tankers (Classic Reprint) - Softcover

Zannetos, Zenon S.

 
9781332256655: Cost Structure and Period Rates, for Oil Tankers (Classic Reprint)

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Excerpt from Cost Structure and Period Rates, for Oil Tankers

RS is not equivalent to the empirical market short - run rate because the market short - run rate may reflect at any moment of time market imper fections. We are here concerned with a rate that is based on the long - run supply schedule of the industry. It includes the minimum necessary return to guarantee replenishment of the required investment and also reflects the normal condition of uncertainty of employment. To the extent that no one will be encouraged to invest unless he expects to earn the minimum necessary return on his investment, RS may be based on the long - run cost of the marginal block of vessels at the time the transaction takes place.

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9780266566809: Cost Structure and Period Rates, for Oil Tankers (Classic Reprint)

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ISBN 10:  0266566804 ISBN 13:  9780266566809
Verlag: Forgotten Books, 2017
Hardcover