Bitros, Georgios; Kavussanos, Manolis - EconWPA - 2005
This paper introduces an econometric model to explain the determinants of expenditure in ship maintenance and repair …. As expected from theory, the empirical results show that maintenance expenditure is positively related to utilization … result is that the elasticities of maintenance expenses with respect to utilization, age, and size at least in 1999 were …