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

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.

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Year of publication:	2001
Authors:	Christopoulos, Dimitris ; Loizides, John ; Tsionas, Efthymios G.
Published in:	Journal of Applied Economics. - Universidad del CEMA, ISSN 1667-6726. - Vol. IV.2001, May, 1, p. 63-88
Publisher:	Universidad del CEMA
Subject:	technical efficiency \| symmetric generalized McFadden form \| flexible functional forms \| duality \| input-specific technical efficiency \| European railways

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Extent:	application/pdf
Type of publication:	Article
Classification:	C33 - Models with Panel Data ; D24 - Production; Capital and Total Factor Productivity; Capacity ; O57 - Comparative Studies of Countries
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005624095