Production and Cost Functions and their Application to the Port Sector : A Literature Survey

Seaports provide multiple services to ships, cargo, and passengers. These services can be performed by a combination of public and private initiatives. Usually, the role of public sector institutions is to regulate and supervise private firms. In p...

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Main Authors:	Tovar, Beatrice, Jara-Diaz, Sergio, Trujillo, Lourdes
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNT ANNUAL OBSERVATIONS AVERAGE INCREMENTAL COST BASIC CONSTANT RETURNS TO SCALE COST ANALYSIS COST ESTIMATES COST FUNCTIONS COSTS ECONOMIES OF SCALE ECONOMIES OF SCOPE ECONOMISTS ELASTICITIES ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL STUDIES EQUATIONS FACTOR DEMAND FIXED COSTS FLEXIBLE FUNCTIONAL FORMS FUNCTIONAL FORMS GROWTH RATE INCREASING RETURNS INCREASING RETURNS TO SCALE INDEXES INTERMEDIATE INPUTS MARGINAL COST MARGINAL COSTS MAXIMUM LIKELIHOOD METHOD NEW PRODUCTS PRODUCTION PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMMING RETURNS TO SCALE SCALE EFFECTS SIMULATION SIMULATION TECHNIQUES TECHNOLOGICAL CHANGE TECHNOLOGICAL PROGRESS TERMINALS TIME SERIES TOTAL COSTS PORT MANAGEMENT CARGO HANDLING REGULATORY FRAMEWORK COST STUDIES LITERATURE SURVEYS OPTIMIZATION MODELS ECONOMETRIC MODELS
Online Access:	http://documents.worldbank.org/curated/en/2003/08/2503660/production-cost-functions-application-port-sector-literature-survey http://hdl.handle.net/10986/18138

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recordtype	oai_dc
spelling	okr-10986-181382021-04-23T14:03:41Z Production and Cost Functions and their Application to the Port Sector : A Literature Survey Tovar, Beatrice Jara-Diaz, Sergio Trujillo, Lourdes ACCOUNT ANNUAL OBSERVATIONS AVERAGE INCREMENTAL COST BASIC CONSTANT RETURNS TO SCALE COST ANALYSIS COST ESTIMATES COST FUNCTIONS COSTS ECONOMIES OF SCALE ECONOMIES OF SCOPE ECONOMISTS ELASTICITIES ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL STUDIES EQUATIONS FACTOR DEMAND FIXED COSTS FLEXIBLE FUNCTIONAL FORMS FUNCTIONAL FORMS GROWTH RATE INCREASING RETURNS INCREASING RETURNS TO SCALE INDEXES INTERMEDIATE INPUTS MARGINAL COST MARGINAL COSTS MAXIMUM LIKELIHOOD METHOD NEW PRODUCTS PRODUCTION PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMMING RETURNS TO SCALE SCALE EFFECTS SIMULATION SIMULATION TECHNIQUES TECHNOLOGICAL CHANGE TECHNOLOGICAL PROGRESS TERMINALS TIME SERIES TOTAL COSTS PRODUCTION FUNCTIONS PORT MANAGEMENT CARGO HANDLING REGULATORY FRAMEWORK COST STUDIES LITERATURE SURVEYS OPTIMIZATION MODELS ECONOMETRIC MODELS Seaports provide multiple services to ships, cargo, and passengers. These services can be performed by a combination of public and private initiatives. Usually, the role of public sector institutions is to regulate and supervise private firms. In performing that task public sector institutions require in-depth knowledge of firms' cost structure. This paper offers a review of the literature about ports' cost structure and of its implications for regulation. The paper argues that the operation of port terminals should be analyzed by means of multiproduct theory. This approach allows the calculation of several cost indicators (economies of scale, scope, and so forth) which are key tools to help regulators. 2014-05-01T21:03:12Z 2014-05-01T21:03:12Z 2003-08 http://documents.worldbank.org/curated/en/2003/08/2503660/production-cost-functions-application-port-sector-literature-survey http://hdl.handle.net/10986/18138 English en_US Policy Research Working Paper;No. 3123 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNT ANNUAL OBSERVATIONS AVERAGE INCREMENTAL COST BASIC CONSTANT RETURNS TO SCALE COST ANALYSIS COST ESTIMATES COST FUNCTIONS COSTS ECONOMIES OF SCALE ECONOMIES OF SCOPE ECONOMISTS ELASTICITIES ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL STUDIES EQUATIONS FACTOR DEMAND FIXED COSTS FLEXIBLE FUNCTIONAL FORMS FUNCTIONAL FORMS GROWTH RATE INCREASING RETURNS INCREASING RETURNS TO SCALE INDEXES INTERMEDIATE INPUTS MARGINAL COST MARGINAL COSTS MAXIMUM LIKELIHOOD METHOD NEW PRODUCTS PRODUCTION PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMMING RETURNS TO SCALE SCALE EFFECTS SIMULATION SIMULATION TECHNIQUES TECHNOLOGICAL CHANGE TECHNOLOGICAL PROGRESS TERMINALS TIME SERIES TOTAL COSTS PRODUCTION FUNCTIONS PORT MANAGEMENT CARGO HANDLING REGULATORY FRAMEWORK COST STUDIES LITERATURE SURVEYS OPTIMIZATION MODELS ECONOMETRIC MODELS
spellingShingle	ACCOUNT ANNUAL OBSERVATIONS AVERAGE INCREMENTAL COST BASIC CONSTANT RETURNS TO SCALE COST ANALYSIS COST ESTIMATES COST FUNCTIONS COSTS ECONOMIES OF SCALE ECONOMIES OF SCOPE ECONOMISTS ELASTICITIES ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL STUDIES EQUATIONS FACTOR DEMAND FIXED COSTS FLEXIBLE FUNCTIONAL FORMS FUNCTIONAL FORMS GROWTH RATE INCREASING RETURNS INCREASING RETURNS TO SCALE INDEXES INTERMEDIATE INPUTS MARGINAL COST MARGINAL COSTS MAXIMUM LIKELIHOOD METHOD NEW PRODUCTS PRODUCTION PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMMING RETURNS TO SCALE SCALE EFFECTS SIMULATION SIMULATION TECHNIQUES TECHNOLOGICAL CHANGE TECHNOLOGICAL PROGRESS TERMINALS TIME SERIES TOTAL COSTS PRODUCTION FUNCTIONS PORT MANAGEMENT CARGO HANDLING REGULATORY FRAMEWORK COST STUDIES LITERATURE SURVEYS OPTIMIZATION MODELS ECONOMETRIC MODELS Tovar, Beatrice Jara-Diaz, Sergio Trujillo, Lourdes Production and Cost Functions and their Application to the Port Sector : A Literature Survey
relation	Policy Research Working Paper;No. 3123
description	Seaports provide multiple services to ships, cargo, and passengers. These services can be performed by a combination of public and private initiatives. Usually, the role of public sector institutions is to regulate and supervise private firms. In performing that task public sector institutions require in-depth knowledge of firms' cost structure. This paper offers a review of the literature about ports' cost structure and of its implications for regulation. The paper argues that the operation of port terminals should be analyzed by means of multiproduct theory. This approach allows the calculation of several cost indicators (economies of scale, scope, and so forth) which are key tools to help regulators.
format	Publications & Research :: Policy Research Working Paper
author	Tovar, Beatrice Jara-Diaz, Sergio Trujillo, Lourdes
author_facet	Tovar, Beatrice Jara-Diaz, Sergio Trujillo, Lourdes
author_sort	Tovar, Beatrice
title	Production and Cost Functions and their Application to the Port Sector : A Literature Survey
title_short	Production and Cost Functions and their Application to the Port Sector : A Literature Survey
title_full	Production and Cost Functions and their Application to the Port Sector : A Literature Survey
title_fullStr	Production and Cost Functions and their Application to the Port Sector : A Literature Survey
title_full_unstemmed	Production and Cost Functions and their Application to the Port Sector : A Literature Survey
title_sort	production and cost functions and their application to the port sector : a literature survey
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2003/08/2503660/production-cost-functions-application-port-sector-literature-survey http://hdl.handle.net/10986/18138
_version_	1764438961341595648

Production and Cost Functions and their Application to the Port Sector : A Literature Survey

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