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An Econometric Analysis of Changes in the Cost and Production Structure of the Trucking Industry, 1953-1982

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  • Daughety, Andrew F
  • Nelson, Forrest D

Abstract

A cost function is estimated using a time-series/cross-section database for the trucking industry covering the time period from 1953 through 1982 (i.e., after the implementation of the Motor Carrier Act of 1980, which essentially deregulated the industry). Two conclusions emerge. First, similarities between early periods of regulation and deregulation are greater than between early and late periods of regulation. Second, a comparison of the regulated and deregulated cost functions indicates that the heaviest burden of regulation was borne by those firms which faced the highest costs. Copyright 1988 by MIT Press.

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  • Daughety, Andrew F & Nelson, Forrest D, 1988. "An Econometric Analysis of Changes in the Cost and Production Structure of the Trucking Industry, 1953-1982," The Review of Economics and Statistics, MIT Press, vol. 70(1), pages 67-75, February.
    • Handle: RePEc:tpr:restat:v:70:y:1988:i:1:p:67-75
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    Cited by:

    1. Juan Antonio Campos Soria & Ricardo Pagan Rodríguez, 2003. "Internal and external effects of quality on competitiveness: Applications for the hotel sector in Spain," ERSA conference papers ersa03p131, European Regional Science Association.
    2. Georges Dionne & Robert Gagné, 1996. "Progrès technique et croissance de la productivité : estimations sur un panel incomplet de firmes ayant des qualités de production différentes," Économie et Prévision, Programme National Persée, vol. 126(5), pages 63-76.
    3. Robert J. Gordon, 1992. "Productivity in the Transportation Sector," NBER Chapters, in: Output Measurement in the Service Sectors, pages 371-427, National Bureau of Economic Research, Inc.
    4. Link, Heike, 2006. "An econometric analysis of motorway renewal costs in Germany," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(1), pages 19-34, January.
    5. Laura Padilla Angulo, 2013. "Labour inputs substitution during corporate restructuring: a translog model approach for US freight railroads," Applied Economics, Taylor & Francis Journals, vol. 45(18), pages 2547-2562, June.
    6. repec:taf:applec:45:y:2013:i:18:p:2547-2562 is not listed on IDEAS
    7. Banker, Rajiv D. & Chang, Hsihui & Cunningham, Reba, 2003. "The public accounting industry production function," Journal of Accounting and Economics, Elsevier, vol. 35(2), pages 255-281, June.
    8. Chalfant, James & Wallace, Nancy, 1991. "Testing the Translog Specification with the Fourier Cost Function," CUDARE Working Papers 198581, University of California, Berkeley, Department of Agricultural and Resource Economics.
    9. King, William D., 1997. "Input and output substitution in higher education," Economics Letters, Elsevier, vol. 57(1), pages 107-111, November.
    10. Rich, Daniel P., 2004. "6. Productivity, Technical Change And Labor Relations In Transportation Industries," Research in Transportation Economics, Elsevier, vol. 10(1), pages 109-135, January.

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