Inefficient Competition
Robert A. Ells~vorth, in the JOCLI-I~~of1l4uriiitize Lmt~ (ii?d Coii7- iiiuce (July 19791, Jcfferso~i Law Book
Co., P.0, Box
1936, Cincinnati, Ohio
45201.
More competition in the U.S. n~erchant shipping industry (advocated officials of the Justice Departnwnt's Antitrust Division) will neither
increase efficiency nor reduce shipping rates.
The very nature of the dry-cargo business precludes no1-rna1 con- petitive conditions, writes Ells...