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Estimating allocative efficiency in port authorities with demand uncertainty

  • Hidalgo, Soraya
  • Núñez-Sánchez, Ramón
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    This paper aims to analyse the impact of port demand variability on the allocative efficiency of Spanish port authorities during the period 1986-2007. From a distance function model we can obtain a measure of allocative efficiency using two different approaches: error components approach and parametric approach. We model the variability of port demand from the cyclical component of traffic series by applying the Hodrick-Prescott filter. The results show that the inclusion of variability does not affect the efficiency measures, except in the case of containerised general cargo. Moreover, we demonstrate that port authorities have excess capacity and their resources are misallocated. Finally we establish that the allocative inefficiency of Spanish port authorities is difficult to resolve given the limited substitution possibilities among the different pairs of inputs.

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    File URL: http://mpra.ub.uni-muenchen.de/38136/1/MPRA_paper_38136.pdf
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    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 38136.

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    Date of creation: 03 Apr 2012
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    Handle: RePEc:pra:mprapa:38136
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    1. Martin Gaynor & Gerard F. Anderson, 1993. "Uncertain Demand, The Structure of Hospital Costs, and the Cost of EmptyHospital Beds," NBER Working Papers 4460, National Bureau of Economic Research, Inc.
    2. Fare, Rolf & Grosskopf, Shawna, 1990. "A distance function approach to price efficiency," Journal of Public Economics, Elsevier, vol. 43(1), pages 123-126, October.
    3. David K. Backus & Patrick J. Kehoe, 1991. "International evidence on the historical properties of business cycles," Staff Report 145, Federal Reserve Bank of Minneapolis.
    4. Atkinson, Scott E & Cornwell, Christopher, 1994. "Parametric Estimation of Technical and Allocative Inefficiency with Panel Data," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(1), pages 231-43, February.
    5. Baltagi, Badi H & Griffin, James M, 1988. "A General Index of Technical Change," Journal of Political Economy, University of Chicago Press, vol. 96(1), pages 20-41, February.
    6. Gonzalez, Maria Manuela & Trujillo, Lourdes, 2005. "Reforms and infrastructure efficiency in Spain's container ports," Policy Research Working Paper Series 3515, The World Bank.
    7. Rodriguez-Alvarez, Ana & Tovar, Beatriz & Trujillo, Lourdes, 2007. "Firm and time varying technical and allocative efficiency: An application to port cargo handling firms," International Journal of Production Economics, Elsevier, vol. 109(1-2), pages 149-161, September.
    8. Ana Rodríguez-Álvarez & Beatriz Tovar & Alan Wall, 2011. "The Effect of Demand Uncertainty on Port Terminal Costs," Journal of Transport Economics and Policy, London School of Economics and University of Bath, vol. 45(2), pages 303-328, May.
    9. Pablo Coto-Millan & Jose Banos-Pino & Ana Rodriguez-Alvarez, 2000. "Economic efficiency in Spanish ports: some empirical evidence," Maritime Policy & Management, Taylor & Francis Journals, vol. 27(2), pages 169-174, April.
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