Q2 Z2,(Q2) Z2(Q2) - Institute for Water Resources - U.S. Army

Products of
Agriculture
Products of
Mines
Manufactures
Set One 1
Set Two 2 Mississippi River Carriers Rail Carriers
-
Set Two 2
-0.341 1 -0.800 1-0.891 I -0.745
-3.957*f -3.442* I -3.402*1 -3.538*
-2.093*I -3.138* 1 -0.865*I -3.023*
Table 2.2
• HURTER'S REGRESSION PRICE COEFFICIENTS
(Estimated Elasticities).
Commodity
Own Price Own Price 1 Rail Price Own Price Water Price
Class log d log log' d log log I d log log d.log log d 1og
0.811 0.501 -0.528* -0.536*
3.149* 3.702* -0.602 -1.431
2.434* 0.171 •1.577* -2.162*
• *Denotes an estimate statistically different from zero at the .05 confidence level.
0.054
0. 700
-1.008*
1. Equation set one regresses tons carried by each mode on.average revenue per ton, G.N.P. and
time trend.
2. Equation set two adds the rate of the competing mode to the list of independent variables.
Source: A. P. Hurter, Some Aspects of the Demand for Inland Wateroou Trannporiati.on, op. cit.,
Table 8, p. 25; Table 12, p. 32; Table 13, p. 34; Table 10, p. 29, and Table 11, p. 30.
-0.273
0.119
0.752