Yu, Kemei; Li, Hongchang; Wu, Jianhong - 2022
This study examines the potential merger gains and its decomposition effects of Chinese railways. A DEA approach proposed by Bogetoft and Wang (2005) is used to estimate the effects of the ex-ante mergers of 18 Regional Railway Administrations (RRAs) during the period of 2013 to 2017. We find...