EconPapers    
Economics at your fingertips  
 

Vertical relationships for the European railway industry

P. Cantos Sánchez
Authors registered in the RePEc Author Service: Pedro Cantos-Sánchez ()

Transport Policy, 2001, vol. 8, issue 2, 77-83

Abstract: A key question in the reform process of Europe's railway industry is the decision whether to opt for a market structure that vertically integrates infrastructure and operations, or for one that separates them. In making this decision, knowledge of the relationship between operating costs and the infrastructure is fundamental. For this purpose a translogarithmic cost function is estimated, including the multi-product nature of railway companies and a measurement of the value of the infrastructure. The results show that costs deriving from freight transport and from the infrastructure are complementary, while those deriving from passenger transport and from the infrastructure are substitutes. In any case, the paper shows that if important decisions regarding infrastructure are going to be made, rail operating costs will be notably affected, and these effects must be appropriately evaluated.

Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0967-070X(00)00039-1
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:8:y:2001:i:2:p:77-83

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Transport Policy is currently edited by Y. Hayashi

More articles in Transport Policy from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-06-28
Handle: RePEc:eee:trapol:v:8:y:2001:i:2:p:77-83