A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
A translog cost model of the bulk shipping industry
Data weaknesses coupled with the lack of a rigorous modelling framework have limited detailed, econometric analysis of international shipping costs. By combining cross‐sectional survey data with simulated variables this article examines the cost functions associated with bulk carrier and tanker operations. It adopts a flexible form of economic cost function to circumvent the restrictive nature of the few previous studies which have been conducted. The paper looks at a number of key relationships including factor substitutability in shipping supply, the existence and magnitude of scale economies and the impact of regulation on shipping costs. This is done both for bulk carriers and tankers. It provides statistical evidence relating to both management practices in the shipping industry and the ways in which these may be affected by the external environment.
This work is based on a paper published in the Proceedings of the Fourth World Conference on Transport Research (Vancouver: Centre for Transportation Studies, University of British Columbia, 1987).
A translog cost model of the bulk shipping industry
Data weaknesses coupled with the lack of a rigorous modelling framework have limited detailed, econometric analysis of international shipping costs. By combining cross‐sectional survey data with simulated variables this article examines the cost functions associated with bulk carrier and tanker operations. It adopts a flexible form of economic cost function to circumvent the restrictive nature of the few previous studies which have been conducted. The paper looks at a number of key relationships including factor substitutability in shipping supply, the existence and magnitude of scale economies and the impact of regulation on shipping costs. This is done both for bulk carriers and tankers. It provides statistical evidence relating to both management practices in the shipping industry and the ways in which these may be affected by the external environment.
This work is based on a paper published in the Proceedings of the Fourth World Conference on Transport Research (Vancouver: Centre for Transportation Studies, University of British Columbia, 1987).
A translog cost model of the bulk shipping industry
Tolofari, S. R. (author) / Button, K. J. (author) / Pitfield, D. E. (author)
Transportation Planning and Technology ; 11 ; 311-321
1987-06-01
11 pages
Article (Journal)
Electronic Resource
Unknown
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