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| Ward, William A.; Bhattarai, Madhusudan; Huang, Pei. |
| Distance-related costs have changed at different rates across categories of resource flows and across modes and media between 1960 and 1998. The cost of moving knowledge/information has dropped much faster than the costs of moving people or materials. The costs of processing and moving information have dropped by 98% and 92% respectively, in real terms since 1960. In addition, there are big differences in the rates of change within the real costs of moving people using different travel modes--just as big differences exist within the real costs of moving materials using different modes. For example, the real costs of moving materials by domestic rail and inland waterway have decreased by 58% and 42% in real terms, respectively, while inter-city trucking... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Industrial Organization. |
| Ano: 1999 |
URL: http://purl.umn.edu/18808 |
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