Abstract
This research attempted an empirical analysis of the trucking industry in Korea through the estimation of cost functions; in the empirical analysis, the data were established based on a new method. Regarding the data, the availability of which has constrained research, it should be noted that this analysis was performed using estimated data instead of using existing survey data. The analysis results of this study were compared with other cost function analysis results with regard to economies of scale and the signs and sequence of elasticity. The results showed similarities, while also showing agreement with a considerable portion of the previous research.
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