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Economics and International Liner Services

Economics and International Liner Services

An examination of the system of conferences to control charges by cargo liners. The author concludes that conferences do not maximise profits and that the rate structure is too arbitrary to deter competition; rates based on costs of carriage plus a normal profit would serve the needs of trade much better.

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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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