Production and cost functions and their application to the port sector : a literature survey
AbstractSeaports 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 InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 3123.
Date of creation: 01 Aug 2003
Date of revision:
Environmental Economics&Policies; Business Environment; Information Technology; Economic Theory&Research; Labor Policies; Economic Theory&Research; Environmental Economics&Policies; Business Environment; Business in Development; Information Technology;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-08-16 (All new papers)
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