By Andrew F. Daughety
First released in 1985 and strongly quantitative in flavour, Analytical experiences in delivery Economics offers paintings that used to be on the frontier of analysis within the box of shipping economics. Written by means of the various prime students during this box, it covers intercity freight and air passenger shipping. The 8 papers incorporated conceal various modelling ways and deal with various delivery concerns. they're all, although, all in favour of the research of present matters - questions of productiveness, optimum pricing and rules, prediction of equilibrium, and the issues of festival. the gathering is preceded by way of a useful advent and review by means of the editor. supplied to put the amount in context, this evaluate offers a short evaluate of the correct literature after which endeavours to give the typical effects and findings which reduce around the person papers or techniques.
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Additional resources for Analytical Studies in Transport Economics
A Motor Carrier Joint Cost Function: A Flexible Functional Form with Activity Prices. " Journal of Transport Economics and Policy, 15, no. I , May: 135-53. Harris, R. G. ( 1977). "Economies of Traffic Density in the Rail Freight Industry. " The Bell Journal of Economics, 8, no. 2, Autumn: 556-64. Hasenkamp, G. (1976). Specification and Estimation of Multiple-Output Production Functions, New York: Springer-Verlag. Hotelling, H. ( 1938). "The General Welfare in Relation to Problems of Taxation and of Railway and Utility Rates.
LTL traffic being inherently more expensive to carry because it requires extensive consolidation and handling, costs should be positively related to this variable. The inputs used in this analysis included labor, fuel, purchased transporta tion, 1 0 revenue-equipment capital, and general capital . The prices of labor, revenue-equipment capital, and purchased transportation were derived by using a divisia index of the prices of the different types of inputs given in the Interstate Commerce Commission Annual Reports , weighted by the expendi ture shares within each category.
Because 10 Trucking firms typically subcontract out a portion of their truckload operations to owner operators, whom they utilize to even out their traffic flows. For a full discussion of these activities, see Wyckoff and Maister ( 1977). 1 1 The general form of the index used to aggregate input prices is given by W; = _L S;j Wij , j where w; = index of input price i, S;j = expenditure share of subcategory j of input type i, and wij = price of subcategory j of input type i. For a full discussion of the construction of the input price, see Wang Chiang (198 1 ) .
Analytical Studies in Transport Economics by Andrew F. Daughety