A Multioutput Cost Function for Port Terminals

A Multioutput Cost Function for Port Terminals
Author: Lourdes Trujillo
Publisher: World Bank Publications
Total Pages: 27
Release: 2003
Genre: Docks
ISBN:
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Cargo handling in ports is a multioutput activity, as freight can arrive in many forms such as containers, bulk, rolling stock, or noncontainerized general cargo. In this paper Tovar, Jara-Díaz, and Trujillo analyze the operation of port terminals through the estimation of a multioutput cost model that uses monthly data on three firms located at the Las Palmas port in Spain. This permits the calculation of product-specific marginal costs, economies of scale (general and by firm), and economies of scope, which are key tools to help the regulators in their task. This paper--a product of the Infrastructure Vice Presidency--is part of a larger effort in the vice presidency to promote analytical work on the economic analysis of the sector.

A Multioutput Cost Function for Port Terminals

A Multioutput Cost Function for Port Terminals
Author: Beatriz Tovar
Publisher:
Total Pages: 27
Release: 2016
Genre:
ISBN:
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Cargo handling in ports is a multioutput activity, as freight can arrive in many forms such as containers, bulk, rolling stock, or noncontainerized general cargo. In this paper Tovar, Jara-Diacute;az, and Trujillo analyze the operation of port terminals through the estimation of a multioutput cost model that uses monthly data on three firms located at the Las Palmas port in Spain. This permits the calculation of product-specific marginal costs, economies of scale (general and by firm), and economies of scope, which are key tools to help the regulators in their task.This paper - a product of the Infrastructure Vice Presidency - is part of a larger effort in the vice presidency to promote analytical work on the economic analysis of the sector.

Production and Cost Functions and Their Application to the Port Sector

Production and Cost Functions and Their Application to the Port Sector
Author: Lourdes Trujillo
Publisher: World Bank Publications
Total Pages: 32
Release: 2003
Genre: Costos de produccion
ISBN:
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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. This paper--a product of the Finance and Private Sector Development Division, World Bank Institute--is part of a larger effort in the institute to provide policy-relevant material to infrastructure regulators and policymakers.

On the Proper Modelling of Multioutput Port Cargo Handling Costs

On the Proper Modelling of Multioutput Port Cargo Handling Costs
Author: Sergio Jara-Diaz
Publisher:
Total Pages:
Release: 2008
Genre:
ISBN:
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Abstract: Cargo handling activities involve various heterogeneous outputs, e.g. general cargo, containers, dry and liquid bulk, and so on. These activities in ports, however, have been usually analysed using aggregate descriptions of output such as total tons moved. The main purpose of this paper is to show that ignoring this heterogeneity may lead to two types of problems: (i) the underestimation of the relevance of key dimensions (i.e. marginal costs per product and economies of scope) and (ii) a bias in the estimates of the relevance of other dimensions (economies of scale). To do so, we rely on a unique new dataset on three cargo handling firms operating in a Spanish port between 1991 and 1999. We use it to estimate both a multi-output cost for these three operators as well as an aggregate cost function. The policy conclusions are derived from an explicit and detailed comparison of these two sets of estimates

Production and Cost Functions and Their Application to the Port Sector

Production and Cost Functions and Their Application to the Port Sector
Author: Beatriz Tovar
Publisher:
Total Pages: 32
Release: 2016
Genre:
ISBN:
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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.This paper - a product of the Finance and Private Sector Development Division, World Bank Institute - is part of a larger effort in the institute to provide policy-relevant material to infrastructure regulators and policymakers.

Port Economics

Port Economics
Author: Wayne K. Talley
Publisher: Routledge
Total Pages: 280
Release: 2009-05-07
Genre: Business & Economics
ISBN: 1135970009
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Port Economics is the study of the economic decisions (and their consequences) of the users and providers of port services. A port is an "engine" for economic development by providing employment, worker incomes, business earnings and taxes for its region. The book provides a detailed discussion of types of carriers that use ports, the operation of cargo and passenger ports as well as the operation of such specific ports as Hong Kong, Hamburg, Le Havre, Savannah, Miami and Panama. Port Economics is the first contemporary textbook of its kind. It enhances our understanding of port economics by – classifying port users and suppliers of port services in the context of economic demand and supply curves; denoting that the demand for port services has two prices, the price paid to the port by the users and the price (or actual and opportunity costs) incurred by port user carriers, shippers and passengers; presenting the economic theories of carriers, shippers and passengers. The numerous up-to-date references will be of benefit to students and researchers of the economics of the shipping trade; to government officials in developing port and shipping policies; and to port operators in understanding the port-choice selection process by shipping lines and other carriers.

Essays on Transport Economics

Essays on Transport Economics
Author: Pablo Coto-Millán
Publisher: Springer Science & Business Media
Total Pages: 378
Release: 2007-02-02
Genre: Business & Economics
ISBN: 3790817651
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This book explores analytical methods used in transportation economics and policy analysis. Encompassing fields of economics such as Industrial Organisation, Welfare Economics, General Equilibrium Theory and Input-Output-Analysis, the study of transport from an economic point of view serves as a test bench for applying methodologies of economic science to the real world. Each chapter opens with a brief theoretical introduction before evaluating case studies, using the state-of-the-art statistical and econometric techniques.

Port Operations, Planning and Logistics

Port Operations, Planning and Logistics
Author: Khalid Bichou
Publisher: CRC Press
Total Pages: 294
Release: 2014-04-16
Genre: Law
ISBN: 1317912705
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Port Operations, Planning and Logistics offers detailed analysis of world port systems by applying both theoretical and practical (managerial) approaches to port operations, management and policy. The author draws from a rare combination of extensive cross-management professional experience and established multidisciplinary academic expertise to provide a structured publication that cuts across different research fields; economics, engineering, operations, technology, management, strategy and policy. The book explores various port topics including ICT and technology applications, investment and financing, pricing and asset management, contracts regulations, safety security and environmental management. Each is supported with case studies and practical examples of the latest developments in the field.

Economics: Advances in Research and Application: 2011 Edition

Economics: Advances in Research and Application: 2011 Edition
Author:
Publisher: ScholarlyEditions
Total Pages: 593
Release: 2012-01-09
Genre: Business & Economics
ISBN: 1464921075
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Economics: Advances in Research and Application: 2011 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about Economics and Organizations. The editors have built Economics: Advances in Research and Application: 2011 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Economics and Organizations in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Economics: Advances in Research and Application: 2011 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.

Port Economics

Port Economics
Author: Kevin Cullinane
Publisher: Elsevier
Total Pages: 259
Release: 2006-06-22
Genre: Business & Economics
ISBN: 0080460070
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A port (or seaport) is a place that provides for the vessel transfer of cargo and passengers to and from waterways and shores. Port economics is concerned with the study of the economics of port services. Users of port services are those that utilize the port as part of the transportation process of moving cargo and passengers to and from origin and destination locations. Users include transportation carrriers such as shipping lines, railroads and trucking firms that perform these movements and shippers and individuals that provide the cargo and themselves as passengers to be transported. Port users demand port services, whereas port service providers such as the port terminal operator supply port services to port users. Port economics and shipping economics comprise the branch of economics known as maritime economics. This volume provides original contributions to the study of port economics: 1) the evolution of port economics; 2) economic theories of the port, port cost functions and port investment; and 3) empirical evidence on the relative efficiency of ports, the impact of ports on international maritime transport costs, the competitiveness of ports and the impact of deregulation on dockworker wages. *Provides original contributions to the study of port economics *Examines the evolution of port economics, economic theories of the port, and emprical evidence on the relative efficiency of ports, the impact of ports on transport costs, and the competitiveness of ports