Effect of lock delay on grain barge rates: examination of upper Mississippi and Illinois Rivers
Authors: Yu, Tun-Hsiang; Bessler, David; Fuller, Stephen
Source: The Annals of Regional Science, Volume 40, Number 4, December 2006 , pp. 887-908(22)
Abstract:Directed acyclic graphs and multivariate time-series analysis are used to identify and measure the effect of lock delay on the upper Mississippi and Illinois Rivers grain barge rates. Lock congestion on these rivers and its potentially unfavorable impact on grain barge rates that link the Midwest US to lower Mississippi River ports are of great concern. Results show that accumulated lock delay on segments of the upper Mississippi and Illinois Rivers increases grain barge rates; however, the estimated dynamic relationships show that the impact is not large.
Document Type: Research Article
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Publication date: December 1, 2006