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Bus transit Cost, Productivity and Factor Substitution

Bus transit Cost, Productivity and Factor Substitution

In the long run all bus systems are found to have diseconomies of scale. Management should try to reduce costs, especially by improving the productivity of fuel.

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Cost Functions for Inland Waterways transport in the United States

American inland waterway transport is subject to a complicated system of control by government agencies, which require knowledge of costs. Inland waterway costs have fallen slightly, and a large share of the market has come into the hands of a small number of firms. The authors find increasing returns to scale for size of firm and output.

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