Economies of Scale in Western River Steamboating

Erik F. Haites and James Mak

The Journal of Economic History, 1976, vol. 36, issue 3, 689-703

Abstract: This paper analyzes 1850 cost data for a sample of 36 steamboats operating on five routes. The results indicate no economies or diseconomies of scale. Substantial differences in the cost per ton-mile are found between routes. These differences are largely explained by differences in capacity utilization.

Date: 1976
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