The structure of commerce

S. G. Sturmey

Chapter 16 in Shipping Economics, 1975, pp 227-234 from Palgrave Macmillan

Abstract: Abstract Economical ocean transportation demands efficiency in the design and operation of ports and ships. If efficiency of these elements is secured then the costs incurred in ocean transportation will be as low as they can be within the existing structure of trade. In terms of economic jargon one would say that cost function has been minimised within the constraint of the given institutional framework.

Keywords: Transport Cost; Natural Rubber; Institutional Framework; Export Trade; Ocean Transport (search for similar items in EconPapers)
Date: 1975
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DOI: 10.1007/978-1-349-02548-0_16

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