Production and Cost Functions and their Application to the Port Sector : A Literature Survey

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 require in-depth knowledge of firms' cost structure. 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 analyzed 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.

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Autores principales: Tovar, Beatrice, Jara-Diaz, Sergio, Trujillo, Lourdes
Formato: Policy Research Working Paper biblioteca
Idioma:English
en_US
Publicado: World Bank, Washington, DC 2003-08
Materias:ACCOUNT, ANNUAL OBSERVATIONS, AVERAGE INCREMENTAL COST, BASIC, CONSTANT RETURNS TO SCALE, COST ANALYSIS, COST ESTIMATES, COST FUNCTIONS, COSTS, ECONOMIES OF SCALE, ECONOMIES OF SCOPE, ECONOMISTS, ELASTICITIES, ELASTICITY, ELASTICITY OF SUBSTITUTION, EMPIRICAL STUDIES, EQUATIONS, FACTOR DEMAND, FIXED COSTS, FLEXIBLE FUNCTIONAL FORMS, FUNCTIONAL FORMS, GROWTH RATE, INCREASING RETURNS, INCREASING RETURNS TO SCALE, INDEXES, INTERMEDIATE INPUTS, MARGINAL COST, MARGINAL COSTS, MAXIMUM LIKELIHOOD METHOD, NEW PRODUCTS, PRODUCTION, PRODUCTION FUNCTION, PRODUCTION FUNCTIONS, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROGRAMMING, RETURNS TO SCALE, SCALE EFFECTS, SIMULATION, SIMULATION TECHNIQUES, TECHNOLOGICAL CHANGE, TECHNOLOGICAL PROGRESS, TERMINALS, TIME SERIES, TOTAL COSTS, PORT MANAGEMENT, CARGO HANDLING, REGULATORY FRAMEWORK, COST STUDIES, LITERATURE SURVEYS, OPTIMIZATION MODELS, ECONOMETRIC MODELS,
Acceso en línea:http://documents.worldbank.org/curated/en/2003/08/2503660/production-cost-functions-application-port-sector-literature-survey
http://hdl.handle.net/10986/18138
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