A Multioutput Cost Function for Port Terminals : Some Guidelines for Regulation

Cargo handling in ports is a multioutput activity, as freight can arrive in many forms such as containers, bulk, rolling stock, or noncontainerized general cargo. In this paper Tovar, Jara-D�, and Trujillo analyze the operation of port terminals through the estimation of a multioutput cost model that uses monthly data on three firms located at the Las Palmas port in Spain. This permits the calculation of product-specific marginal costs, economies of scale (general and by firm), and economies of scope, which are key tools to help the regulators in their task.

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Bibliographic Details
Main Authors: Tovar, Beatriz, Jara-Díaz, Sergio, Trujillo, Lourdes
Format: Policy Research Working Paper biblioteca
Language:English
en_US
Published: World Bank, Washington, DC 2003-10
Subjects:COST FUNCTIONS, PORT MANAGEMENT, REGULATORY FRAMEWORK, CARGO HANDLING, MARGINAL COSTS, PORT CHARGES, ECONOMIES OF SCALE, TERMINALS (TRANSPORTATION), PRODUCTION CAPACITY, PRODUCTION COSTS BERTH, BULK CARGO, CARGO, COMPETITIVENESS, CONTAINER TERMINALS, CONTAINERIZATION, CONTAINERS, COST ANALYSIS, CPI, ECONOMIC ACTIVITY, ECONOMIES OF SCOPE, ELASTICITIES, EMPLOYMENT, EQUATIONS, EQUILIBRIUM, EXPLOITATION, EXPORT, FACTOR DEMAND, FLEXIBLE FUNCTIONAL FORMS, FREIGHT, GROWTH RATE, INCREASING RETURNS, INCREASING RETURNS TO SCALE, INTERMEDIATE INPUTS, LIFTING, LIGHTHOUSES, LOADING, LOGISTICS CHAIN, MARGINAL COST, MEAN VALUE, PALLETS, PORT AREA, PORT AUTHORITY, PORT FACILITIES, PORT INFRASTRUCTURE, PORT SECTOR, PORT SERVICES, PORTS, PRICE ELASTICITY, PRIVATE PROPERTY, PRIVATE SECTOR PARTICIPATION, PRODUCTION FUNCTION, PRODUCTION FUNCTIONS, PRODUCTIVITY, PURCHASE PRICE, QUAYS, RETURNS TO SCALE, RISK PREMIUM, ROLL, SECURITY STANDARDS, SHIP, SHIPS, SQUARE, TERMINAL, TERMINALS, TOTAL AREA, TOTAL COSTS, TRUCKS, UNIT LOAD, VARIABLE INPUTS, VESSELS, WAITING TIME, PRODUCTION COSTS, BERTH,
Online Access:http://documents.worldbank.org/curated/en/2003/10/2630712/multi-output-cost-function-port-terminals-some-guidelines-regulation
http://hdl.handle.net/10986/18047
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