Cantos, Pedro; Maudos, Joaquin - In: Transportation Research Part A: Policy and Practice 35 (2001) 5, pp. 459-472
During the long period of regulation of the railway system in Europe (1950s-1990s) the companies notably improved their levels of productivity. However, parallel to this, the state of their financial accounts also significantly worsened. In order to explain this fact we have estimated both cost...