A Multioutput Cost Function for Port Terminals: Some Guidelines for Regulation

27 Pages Posted: 20 Apr 2016

See all articles by Beatriz Tovar

Beatriz Tovar

Universidad de Las Palmas de Gran Canaria

Sergio R. Jara-Diaz

Universidad de Chile

Lourdes Trujillo

Departamento de Analisis Economico Aplicado; University College of London (UCL)

Date Written: October 2003

Abstract

Cargo handling in ports is a multioutput activity, as freight can arrive in many forms such as containers, bulk, rolling stock, or noncontainerized general cargo. In this paper Tovar, Jara-Díaz, and Trujillo analyze the operation of port terminals through the estimation of a multioutput cost model that uses monthly data on three firms located at the Las Palmas port in Spain. This permits the calculation of product-specific marginal costs, economies of scale (general and by firm), and economies of scope, which are key tools to help the regulators in their task.

This paper - a product of the Infrastructure Vice Presidency - is part of a larger effort in the vice presidency to promote analytical work on the economic analysis of the sector.

Suggested Citation

Tovar, Beatriz and Jara-Diaz, Sergio R. and Trujillo-Castellano, Lourdes, A Multioutput Cost Function for Port Terminals: Some Guidelines for Regulation (October 2003). Available at SSRN: https://ssrn.com/abstract=636570

Beatriz Tovar (Contact Author)

Universidad de Las Palmas de Gran Canaria ( email )

Campus de Tafira
35017 Las Palmas, Las Palmas 35017
Spain

Sergio R. Jara-Diaz

Universidad de Chile ( email )

Pío Nono Nº1, Providencia
Santiago, R. Metropolitana 7520421
Chile

Lourdes Trujillo-Castellano

Departamento de Analisis Economico Aplicado ( email )

Universidad de Las Palmas de Gran Canaria
Campus de Tafira
Las Palmas de Gran Canaria, Las Palmas 35017
Spain

University College of London (UCL)

Chadwick Building
Gower Street
London, London WC1E 6
United Kingdom

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