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The optimum depth of water in a port (Английский)

The problems of cost-benefit analysis of port deepening projects are discussed. The first step in determining optimum port deepening levels is to examine the nature of a market equilibrium for an internationally traded good. The incidence of the import price is thus defined as the ratio of the change in import price to the change in the unit transport cost. For a given volume of trade in a commodity, the total unit transport cost will reflect the...
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