ABSTRACT
Chapters 1–4 are a foray into microeconomic theory, focusing on firm and market behavior under conditions of joint supply. A multidimensional approach to pricing is developed. In this ‘afterword,’ the analyses of the earlier chapters are integrated both among themselves and with the existing literature. Then the issues of ‘paper’ freight rates, freight-rate discrimination, and freight-rate disparity are given a re-examination. A freight rate is a price, of course; so the treatment can be readily generalized, along the lines of Chapter 2.
