Transit costs and cost efficiency: Bootstrapping non-parametric frontiers
This paper explores a selection of recently proposed bootstrapping techniques to estimate non-parametric convex (DEA) cost frontiers and efficiency scores for transit firms. Using a sample of Norwegian bus operators, the key results can be summarized as follows: (i) the bias implied by uncorrected cost efficiency measures is numerically important (close to 25%), (ii) the bootstrapped-based test rejects the constant returns to scale hypothesis, and (iii) explaining patterns of efficiency scores using a two-stage bootstrapping approach detects only one significant covariate, in contrast to earlier results highlighting, e.g., the positive impact of high-powered contract types. Finally, comparing the average inefficiency obtained for the Norwegian data set with an analogous estimate for a smaller French sample illustrates how the estimated differences in average efficiency almost disappear once sample size differences are accounted for.
Year of publication: |
2008
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Authors: | de Borger, Bruno ; Kerstens, Kristiaan ; Staat, Matthias |
Published in: |
Research in Transportation Economics. - Elsevier, ISSN 0739-8859. - Vol. 23.2008, 1, p. 53-64
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Publisher: |
Elsevier |
Saved in:
Online Resource
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