Excess Capacity, Economic Efficiency and Technical Change in a Public-Owned Port System: An Application to the Infrastructure Services of Spanish Ports

Ramón Núñez-Sánchez () and Pablo Coto-Millán
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Ramón Núñez-Sánchez: University of Cantabria
Pablo Coto-Millán: University of Cantabria

A chapter in Essays on Port Economics, 2010, pp 269-285 from Springer

Abstract: Abstract In this paper we estimate both a technical efficiency measure and the evolution of allocative efficiency in the infrastructure services of Spanish ports during the period 1986–2005. To achieve this aim, we estimate a system of equations consisting of a multioutput translog input distance function and cost shares equations. The results show that Spanish ports do not minimize their costs. Additionally, from 1992, we observe a process of under-utilization of capital relative to labour, coinciding with a decentralized process of the organizations that own and control the land and activities at Spanish ports.

Keywords: Cost Share; Allocative Efficiency; Infrastructure Service; Shadow Prex; Port Authority (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2425-4_17

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DOI: 10.1007/978-3-7908-2425-4_17

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