The prime objective of this paper is to empirically investigate the nature of technological progress in selected STUs. To examine this issue, a translog cost function is estimated jointly with factor share equations subject to required coefficient restrictions by using the method of 'Zellner's...

The prime objective of this paper is to empirically investigate the nature of scale economies in State Transport Undertakings (STUs) in India on the basis of a sample of medium- and large-size Indian states for which consistent data are available. To examine this issue, a translog cost function...

Until recently the main function of urban bus transport was to satisfy the individual needs of the less affluent members of society, but now it has to contribute for congestion relief and environmental preservation. This requires a fundamental change of emphasis to fulfill its new role of...

Optimal pricing facilitates attainment of specific goals. The optimum price to achieve profit maximization may differ from the one needed to maximize welfare or to ensure the highest revenue. Profit maximization is the traditional motivation of the private firms. In case of private monopoly...