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

Dimitris Christopoulos, John (Ioannis) Loizides and Mike Tsionas

Journal of Applied Economics, 2001, vol. 4, 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 (search for similar items in EconPapers)
JEL-codes: C33 D24 O57 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (10)

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Journal Article: Efficiency in European Railways: Not as Inefficient as One Might Think (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:cem:jaecon:v:4:y:2001:n:1:p:63-88

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