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CHEN Ji-hong, ZHEN Hong, ZONG Bei-hua. Institutional evolution mechanism of shipping organization based on transaction cost[J]. Journal of Traffic and Transportation Engineering, 2009, 9(4): 92-97. doi: 10.19818/j.cnki.1671-1637.2009.04.018
Citation: CHEN Ji-hong, ZHEN Hong, ZONG Bei-hua. Institutional evolution mechanism of shipping organization based on transaction cost[J]. Journal of Traffic and Transportation Engineering, 2009, 9(4): 92-97. doi: 10.19818/j.cnki.1671-1637.2009.04.018
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Institutional evolution mechanism of shipping organization based on transaction cost

doi: 10.19818/j.cnki.1671-1637.2009.04.018
  • 1.

    School of Transport and Communications, Shanghai Maritime University, Shanghai 200135, China

  • 2.

    Shanghai International Shipping Institute, Shanghai 200082, China

More Information
  • Author Bio:

    CHEN Ji-hong(1981-), male, doctoral student, +86-21-65853850-8038, cxjh2004@163.com

    ZHEN Hong(1958-), male, professor, +86-21-38820907, shzhenhong@gmail.com

  • Received Date: 2009-03-18
  • Publish Date: 2009-08-25
    Abstract
  • In order to analyze the institutional evolution process of international shipping organization, four kinds of typical forms, such as liner conference, discussion agreement, consortium, strategic alliance, and the evolution mechanism of international shipping organization were studied.Two institutional patterns of induced change and mandatory change for shipping organizations were compared based on transaction cost theory.Analysis result indicates that transaction costs exist in the processes of formulation and change of shipping organization.Cost margin, friction cost as well as opportunity cost are the specific forms of transaction cost in its evolution process.Because of transaction costs, shipping organization institution is non-equilibrium, and its development involves a changing and non-equilibrium process.

     

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