Hedonic Cost Functions for the Regulated Trucking Industry
In industries where physical output varies with respect to attributes or qualities, it is important to take these differences into account in estimating cost functions. This paper presents a hedonic cost function that can be used to take output characteristics into account and applies it to the regulated trucking industry. It is found that failure to take output characteristics into account creates serious specification error and that inferences concerning economies of scale and factor demand differ substantially between the hedonic and nonhedonic formulation of the cost function.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 9 (1978)
Issue (Month): 1 (Spring)
|Contact details of provider:|| Web page: http://www.rje.org|
|Order Information:||Web: https://editorialexpress.com/cgi-bin/rje_online.cgi|
When requesting a correction, please mention this item's handle: RePEc:rje:bellje:v:9:y:1978:i:spring:p:159-179. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.