Download e-book for iPad: Analytical Studies in Transport Economics by Andrew F. Daughety
By Andrew F. Daughety
First released in 1985 and strongly quantitative in flavour, Analytical experiences in shipping Economics offers paintings that used to be on the frontier of analysis within the box of delivery economics. Written via the various top students during this box, it covers intercity freight and air passenger delivery. The 8 papers incorporated disguise a variety of modelling techniques and tackle a number of shipping concerns. they're all, even if, interested by the research of present concerns - questions of productiveness, optimum pricing and law, prediction of equilibrium, and the issues of festival. the gathering is preceded by means of a useful advent and evaluation via the editor. supplied to put the quantity in context, this review provides a quick evaluate of the proper literature after which endeavours to give the typical effects and findings which minimize around the person papers or ways.
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The Brookings Institution. Dupuit, J. (1952). "On the Measurement of the Utility of Public Works. " (Translated by R. H. Barback from "de la Mesure de l'Utilite des Travaux Publics, " Anna/es des Ponts et Chaussees, 2ne Series, vol. ) International Economics Papers, 2: 83- 1 10. , Jr. (1966). An Essay on the Laws of Trade in Reference to the Work of Internal Improvement in the United States. ) New York: Augustus M. Kelley. Friedlaender, A. F. (1969). The Dilemma of Freight Transport Regulation.
1 measure the augmentation effects associated with each operating characteristic. All of these effects are esti mated to be negative, indicating that the effective value of each operating characteristic becomes smaller over time. With the exception of the augmen tation effect associated with insurance and handling, all of these estimated effects are statistically insignificant. Nevertheless, the previous analysis of the source of technical change indicates that they are jointly significant and the vehicle through which technical change operates .
Thus the database used in this analysis consisted of a time-series cross section of a matched sample of eighty-five large general commodity carriers for the period 1974-79. As discussed previously, the basic estimating equation was a long-run cost function whose arguments consisted of output (y) , input prices (w), operating characteristics or technological variables (t) , and time (D. Thus the basic cost function took the general form of C = C(y, w,t,D. 8 The specific variables used in the cost function for the analysis of trucking productivity are as follows: C TCOST the total expenditures of the firm, measured to be the sum of ( 1 ) labor costs, (2) fuel expenditures and fuel taxes, (3) expenditures on revenue capital equipment, (4) "other" capital expenditures, (5) expenditures on purchased transportation w 1 = price of labor, a divisia index of prices for the following types of labor weighted by expenditure shares: supervisory and salaried clerical; line haul, pickup and delivery, and terminal; other w2 price of fuel, defined as fuel price (including tax) in dollars per gallon w3 = price of revenue equipment; a divisia index of prices of the following types of revenue equipment weighted by expenditure shares: trucks, tractors, semitrailers, full trailers, and other equipment w = price of general capital, measured as expenditures on general = = = 4 carriers.
Analytical Studies in Transport Economics by Andrew F. Daughety