Efficiency in European railways: Not as inefficient as one might think

Journal of Applied Economics ( web site) 2001 IV63-88
(RePEc:cem:jaecon:v:4:y:2001:n:1:p:63-88)

Abstract:

The paper studies technical inefficiency in the railway systems of ten countries of the European Union. A new approach is used which permits the disaggregation of inefficiency by factor of production to result in estimates of input-specific technical inefficiency. The cost structure is represented using a generalized McFadden flexible functional form. Policy implications and guidelines for rational decision making in the railway sector, are discussed in detail.

Keywords: technical efficiency; symmetric generalized McFadden form; flexible functional forms; duality; input-specific technical efficiency; European railways
Pages: 63-88
Volume: IV
Month: May
Year: 2001

Related papers by JEL classification:
C33 D24 O57

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