Returns to Scale, Elasticities of Substitution and Behavior of Shipping (Dry Bulk) Transport Costs, Some Empirical Evidence

Pablo Coto-Millán (), José Baños, Miguel Ángel Pesquera, Rubén Sainz and Juan Castanedo
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Pablo Coto-Millán: University of Cantabria
Miguel Ángel Pesquera: University of Cantabria
Rubén Sainz: University of Cantabria
Juan Castanedo: University of Cantabria

A chapter in Essays on Port Economics, 2010, pp 135-142 from Springer

Abstract: Abstract In the present section, we estimate cost functions for Solid Bulk shipping transport by 34 private firms for 1991. The functional form used is the Translog drawn by Christensen et al. (1973). We also estimate the Allen and Morishima elasticities of substitution, and compare and interpret the results as well.

Keywords: Cost Function; Private Firm; Input Price; Factor Price; Share Equation (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_9

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DOI: 10.1007/978-3-7908-2425-4_9

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