COST AND REVENUE INEFFICIENCIES IN THE EUROPEAN RAILWAYS

José Pastor, Lorenzo Serrano Martinez and Pedro Cantos-Sánchez

Working Papers. Serie EC from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: This study analyses cost and revenue inefficiencies for a sample of European railway companies. On the basis of a DEA model we calculate cost and revenue inefficiencies, decomposing them into inefficiencies of a technical or allocative type. It is observed that inefficiencies in revenues are greater than those in costs, indicating that the study of inefficiencies in costs is only a partial analysis of the problem. Also, technical inefficiencies are greater than the allocative type. Finally, the most independent companies, with least external intervention in their decisions, are also the most efficient in both costs and revenue. Éste trabajo analiza las ineficiencias en costes y en ingresos de una muestra decompañías ferroviarias europeas. Los indicadores de eficiencia en costes y en ingresosse calculan utilizando la técnica DEA y se descomponen en sus en ineficiencias técnicasy asignativas. Los resultados indican que las ineficiencias en ingresos son mayores quelas ineficiencias en costes, indicando que el estudio de las ineficiencias en costesconstituye un análisis parcial del problema. Asimismo, las ineficiencias técnicas sonmayores que las de tipo asignativo. Finalmente, las compañías más independientes, conmenor intervención externa en sus decisiones, son también las mas eficientes en costes yen ingresos.

Keywords: Ineficiencias en costes; ineficiencias en ingresos y Compañías ferroviarias europeas. Cost Inefficiency; Revenue Inefficiency and European Railways. (search for similar items in EconPapers)
Pages: 33 pages
Date: 2002-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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