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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Bibliographic Details
| Main Authors: |
Tovar, Beatrice,
Jara-Diaz, Sergio,
Trujillo, Lourdes |
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| Language: | English
en_US |
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| Published: |
World Bank, Washington, DC
2003-08
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| Subjects: | 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, |
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| Online Access: | http://documents.worldbank.org/curated/en/2003/08/2503660/production-cost-functions-application-port-sector-literature-survey
https://hdl.handle.net/10986/18138
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