Document Type

Thesis - Open Access

Award Date

1977

Degree Name

Master of Science (MS)

Department

Economics

Abstract

The overall objective of this study is to estimate the price elasticities of demand for rail transportation of wheat produced in South Dakota in 1974. The specific objective of this study is to estimate the demand for rail transportation in shipping wheat and the corresponding elasticity coefficients. By accomplishing this, the impact of changes in rail rates on quantities shipped by rail can be estimated. The degree of substitutability between rail and truck is also measured by estimating the elasticity of substitution. To accomplish the above, data on 1974 grain shipments is used to estimate demand functions from which the elasticity coefficients can be estimated. The methodology used in the calculation of the above elasticities will be discussed in following chapters.

Library of Congress Subject Headings

Wheat -- South Dakota -- Transportation

Railroads -- South Dakota -- Transportation

Railroads -- South Dakota -- Freight

Supply and demand

Elasticity (Economics)

Format

application/pdf

Number of Pages

88

Publisher

South Dakota State University

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