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Implicit Values of Multiple Car Grain-Loading Facilities in Iowa and Nebraska

Author

Listed:
  • Hauser, Robert J.
  • Jeffrey, Beaulieu
  • Baumel, C. Phillip

Abstract

A mathematical programming model of grain transportation is structured such that alternative types of rail shippers and rail rates are represented within an individual region. Shadow prices of solutions are used to assess the values of multi-car grain loading facilities in Iowa and Nebraska by intrastate region and by facility size. Results indicate that, given 1980 facility and transport rate conditions, Iowa was overbuilt in 25- and 50-car loading facilities, and that there were large incentives for facility expansion in Nebraska.

Suggested Citation

  • Hauser, Robert J. & Jeffrey, Beaulieu & Baumel, C. Phillip, 1984. "Implicit Values of Multiple Car Grain-Loading Facilities in Iowa and Nebraska," Staff General Research Papers Archive 11674, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:11674
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    Cited by:

    1. Anton Bekkerman & Mykel Taylor, 2020. "The Role of Spatial Density and Technological Investment on Optimal Pricing Strategies in the Grain Handling Industry," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(1), pages 27-58, August.
    2. Beaulieu, Jeffrey & Hauser, Robert & Baumel, Phillip, 1985. "Regional Barge Service Demand elasticities," Transportation Research Forum Proceedings 1980s 311770, Transportation Research Forum.
    3. Bekkerman, Anton & Taylor, Mykel, 2015. "A Bayesian Learning Approach to Estimating Unbalanced Spatial Panel Models," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205507, Agricultural and Applied Economics Association.

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