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Title:

Ownership and Competition in European Transit: Assessing Efficiency

Accession Number:

01154837

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

Abstract:

Ownership and competition and their effect on public transit system efficiency is a topic of considerable interest. In this paper the author uses a stochastic frontier error component model specification that incorporates a dynamic ARCH error structure to assess the effects of ownership and competition on European public transport systems using data from 15 European systems for a ten year time period (1990-2000). Results indicate: (1) a clear rejection of the standard frontier model and existence of ARCH-related heteroskedastic technical inefficiency; (2) transport operators in cities where competition has been introduced demonstrate increased efficiency; and, (3) efficiency findings vary between different error formulations.

Monograph Accession #:

01147878

Report/Paper Numbers:

10-0323

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Karlaftis, Matthew G

Publication Date:

2010

Conference:

Transportation Research Board 89th Annual Meeting

Location: Washington DC, United States
Date: 2010-1-10 to 2010-1-14
Sponsors: Transportation Research Board

Media Type:

DVD

Features:

References; Tables (7)

Uncontrolled Terms:

Stochastic frontier analysis

Geographic Terms:

Europe

Subject Areas:

Planning and Forecasting; Public Transportation; I72: Traffic and Transport Planning

Source Data:

Transportation Research Board Annual Meeting 2010 Paper #10-0323

Files:

TRIS, TRB

Created Date:

Jan 25 2010 10:12AM