From: Do carrier expectations indicate industry structure in container shipping? An econometric analysis
Series | Constant | Vt | Kt − 4 | Shocks | Wald Test | Breusch – Godfrey | Adj R-Squared | F-Statistic |
---|---|---|---|---|---|---|---|---|
Full Sample N = 75 | ||||||||
All Trades | 0.002 (0.044) | 0.305c (3.99) | 0.470c (5.20) | −0.0003 (− 0.020) | 82.3c | 0.024 (Pr = 0.876) | 0.58 | 35.06c |
ETP | −0.001 (− 0.26) | 0.604c (8.17) | 0.151a (1.75) | −0.007 (− 0.43) | 50.4c | 0.010Pr = 0.9194 | 0.67 | 52.08c |
WTA | 0.008 (1.14) | 0.067 (1.06) | 0.421c (4.07) | −0.037b (−2.03) | 168.3c | .0901 (Pr = 0.764) | 0.22 | 8.03c |
Pre-Block Exemption (WTA, N = 41) | ||||||||
WTA | 0.006 (0.66) | −0.021 (− 0.27) | 0.422b (2.98) | − 0.041 (−1.49) | 167.6c | 0.002 (Pr = 0.967) | 0.16 | 3.45b |
Post-Block Exemption (WTA, N = 29) | ||||||||
WTA | 0.010 (0.88) | 0.232 (1.84)a | 0.371 (2.19)b | −0.060 (− 0.99) | 37.12c | 0.209 (Pr = 0.647) | 0.22 | 3.65b |