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The objective of this paper is to analyze the impact of regulatory and environmental conditions on technical efficiency of European railways. Using a panel data set of 31 railway firms from 22 European countries from 1994 to 2005, a multioutput distance function model, including regulatory and...
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with permanently high subsidies (Italy, Denmark, Belgium and the Netherlands). This paper demonstrates that railways have …
Persistent link: https://www.econbiz.de/10014130652