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Regulation, competition, crisis and technical efficiency of companies operating in Spanish ports (2002–2011)

Pablo Coto-Millán (), Pedro Casares-Hontañón (), Rubén Sainz González (), Ingrid Mateo Mantecón (), Manuel Agüeros (), Alfonso Badiola-Sánchez, Juan Castanedo () and Miguel Ángel Pesquera ()
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Pedro Casares-Hontañón: University of Cantabria
Rubén Sainz González: University of Cantabria
Ingrid Mateo Mantecón: University of Cantabria
Manuel Agüeros: University of Cantabria
Juan Castanedo: University of Cantabria
Miguel Ángel Pesquera: University of Cantabria

Maritime Economics & Logistics, 2016, vol. 18, issue 3, No 4, 282-294

Abstract: Abstract This article analyses regulation, competition, crisis and technical efficiency of companies operating in Spanish ports in the following sectors: shipping agents, stevedoring, logistics and storage, towage, ancillary services for inspection, repair and maintenance of ships and goods and port terminals, over the period 2002–2011. The results show that port regulation during this period promoted greater efficiency among all port sectors. Furthermore, the work shows that competition and efficiency are highly scattered throughout the various port sectors, with some sectors showing very low technical efficiency, like stevedoring, operating alongside others with very high technical efficiency, such as services (inspection, repair and maintenance of ships and goods) and logistics operators. The work analyses the effects of the liberalisation introduced by Act 48/2003 of 26 November.

Keywords: stochastic frontier; technical efficiency; production functions; returns to scale (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1057/mel.2015.11

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