Back to Search
Start Over
A comparative analysis of European railroads efficiency: a cost frontier approach.
- Source :
- Applied Economics; Jul99, Vol. 31 Issue 7, p815-823, 9p, 3 Charts, 2 Graphs
- Publication Year :
- 1999
-
Abstract
- The paper analyses the issue of cost efficiency for eight main European railroads in a sample period of 17 years. Measures of technical and allocative efficiency are obtained from a stochastic cost frontier model, with minimal cost described by a translog cost system. In the model, the cost of allocative inefficiency is estimated simultaneously from the shares' errors, whereas technical inefficiency is modelled by a (half normal) positive departure from the cost frontier. Results show a negligible effect of allocative inefficiency on firms' costs, whereas the cost of technical inefficiency appears to be significant. [ABSTRACT FROM AUTHOR]
- Subjects :
- COST effectiveness
RAILROADS
COST
COST analysis
Subjects
Details
- Language :
- English
- ISSN :
- 00036846
- Volume :
- 31
- Issue :
- 7
- Database :
- Complementary Index
- Journal :
- Applied Economics
- Publication Type :
- Academic Journal
- Accession number :
- 2163684
- Full Text :
- https://doi.org/10.1080/000368499323788