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Rate of Return Regulation: The Case of Spanish Ports

Author

Listed:
  • Gema Carrera-Gómez
  • José Baños-Pino
  • Pablo Coto-Millán
  • Vicente López de Sabando

Abstract

An original model is put forward in this article to explain and consider the behavior of some of the most important public services in Spain. The cost function approach and the input distance function approach are used to estimate the existence of overcapitalization as a result of rate of return regulation. The results show that overcapitalization generated by this regulation is too significant not to be taken into account. Copyright International Atlantic Economic Society 2005

Suggested Citation

  • Gema Carrera-Gómez & José Baños-Pino & Pablo Coto-Millán & Vicente López de Sabando, 2005. "Rate of Return Regulation: The Case of Spanish Ports," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 11(2), pages 191-200, May.
    • Handle: RePEc:kap:iaecre:v:11:y:2005:i:2:p:191-200:10.1007/s11294-005-3015-8
    DOI: 10.1007/s11294-005-3015-8
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    References listed on IDEAS

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    4. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 38(2), pages 112-134.
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    More about this item

    Keywords

    L51; L52; L59; L95; L97; L98;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L59 - Industrial Organization - - Regulation and Industrial Policy - - - Other
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General
    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy

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