Do Competition and Ownership Matter? Evidence from Local Public Transport in Europe

Marcella Nicolini, Andrea Boitani and Carlo Scarpa

No 2010.9, Working Papers from Fondazione Eni Enrico Mattei

Abstract: This paper investigates how the ownership and the procedure for the selection of firms operating in the local public transport sector affect their productivity. In order to compare different institutional regimes, we carry out a comparative analysis of 72 companies operating in large European cities. This allows us to consider firms selected either through competitive tendering or negotiated procedures. The analysis of the data on 77 European firms over the period 1997-2006 indicates that firms operate under constant returns to scale. Retrieving the residuals we obtain a measure of total factor productivity, which we regress on firm and city characteristics. We find that when firms are totally or partially in public hands their productivity is lower. Moreover, firms selected through competitive tendering display higher total factor productivity.

Keywords: Local Public Transport; Public Ownership; Translog Production Function (search for similar items in EconPapers)
JEL-codes: C33 K23 L25 L33 L91 (search for similar items in EconPapers)
Date: 2010-01
New Economics Papers: this item is included in nep-eff, nep-eur, nep-pbe and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Do competition and ownership matter? Evidence from local public transport in Europe (2013)
Working Paper: Do competition and ownership matter? Evidence from local public transport in Europe (2011)
Working Paper: Do Competition and Ownership Matter? Evidence from Local Public Transport in Europe (2010)
Working Paper: Do Competition and Ownership Matter? Evidence from Local Public Transport in Europe (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2010.9

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