By Andrew F. Daughety
First released in 1985 and strongly quantitative in flavour, Analytical stories in shipping Economics provides paintings that used to be on the frontier of study within the box of delivery economics. Written by way of a number of the major students during this box, it covers intercity freight and air passenger shipping. The 8 papers integrated disguise more than a few modelling ways and deal with various delivery matters. they're all, besides the fact that, all in favour of the research of present matters - questions of productiveness, optimum pricing and legislation, prediction of equilibrium, and the issues of festival. the gathering is preceded via a useful advent and review by means of the editor. supplied to put the quantity in context, this review provides a quick overview of the correct literature after which endeavours to give the typical effects and findings which reduce around the person papers or methods.
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Extra info for Analytical Studies in Transport Economics
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. Washington, D . C . : The Brookings Institution. Friedlaender, A. , and R . H. Spady (1980). "A Derived Demand Function for Freight Trans portation. " The Review of Economics and Statistics, 62, no. 3, August: 432-4 1 . (1980). Freight Transport Regulation: Equity, Efficiency and Competition in the Rail and Trucking Industries.
Transpor tation Research, I I , no. I : 9-14. Baumol, W. , and D. F. Bradford (1970) . "Optimal Departures from Marginal Cost Pricing. " American Economic Review, 60, no. 3, June: 265-83. 1. Structure and overview 23 Baumol, W. J . , and H . D. Vinod (1970). "An Inventory Theoretic Model of Freight Transport Demand. " Management Science, 16, March: 4 1 3-22. Baumol, W. J . , J. C. Panzar and R. D. Willig ( 1 982). Contestable Markets and the Theory of Industry Structure. New York: Harcourt Brace Jovanovich.
The advantage of using the augmentation model over the Stevenson model lies in the additional explanatory power it provides, since it permits the explicit calculation of each augmentation rate associated with each argument of the cost function. Moreover, the augmentation model makes it possible to test explicitly whether technical change arises from input augmentation, char acteristic augmentation, or output augmentation. Finally, by using this for mulation, the "pure" productivity effects (8T and rilrr) can be decomposed into combinations of the various augmentation effects and the other param eters, indicating that there is no "unexplained" productivity growth.
Analytical Studies in Transport Economics by Andrew F. Daughety