Endo, Hideaki; Goto, Mika - In: Economies : open access journal 12 (2024) 8, pp. 1-34
vital information to railway company management and policymakers by quantitatively assessing the cost efficiency of railway … operations. We examine the efficiency of Japanese listed railway companies by applying stochastic frontier analysis to their … operational and financial data from 2005 to 2020. Then, we classify the companies into four groups by cost efficiency levels and …