Production and cost functions and their application to the port sector : a literature survey

Details

• Creators:
  Trujillo, Lourdes ; Jara-Diaz, Sergio ; Tovar, Beatriz
• Subject/TRT Terms:
  • Port operations
  • Economic analysis
  • Costs
  • Regulation
  • Literature reviews
  • Cost indicators
  • Cost structure
  • Multiproduct theory
  • Port services
• Resource Type:
  Research Paper
• Geographical Coverage:
  United States
• Corporate Publisher:
  World Bank
• Abstract:
  Seaports provide multiple services to ships, cargo, and passengers. These services can be performed by a combination of public and private initiatives. Usually, the role of public sector institutions is to regulate and supervise private firms. In performing that task public sector institutions need to know firms' cost structure deeply. This paper offers a review of the literature about ports' cost structure and of its implications for regulation. The paper argues that the operation of port terminals should be analysed by means of multiproduct theory. This approach allows the calculation of several cost indicators (economies of scale, scope, and so forth) which are key tools to help regulators. References, tables. (32p.; 270 kb)
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/34166/dot_34166_DS1.pdf
• File Type:
  [PDF - 272.43 KB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:778c0f9df1fe46921e17989d15f33f74d57299b9fd151f6622a1fc192817419afc60f9ee3b66181f808b4ae78cdf87d3318828e9cf6c9eb0038624d2915b22c0