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In the course of railway reforms in the end of the last century, national European governments, as well the EU Commission, decided to open markets and to separate railway networks from train operations. Vertically integrated railway companies - companies owning a network and providing transport...
Persistent link: https://www.econbiz.de/10003351959
In the course of railway reforms in the end of the last century, national European governments, as well the EU Commission, decided to open markets and to separate railway networks from train operations. Vertically integrated railway companies companies owning a network and providing transport...
Persistent link: https://www.econbiz.de/10003314753
In this paper, we conduct a pan-European efficiency analysis to investigate the performance of European railways with a particular focus on economies of vertical integration. We test the hypothesis that integrated railways realize economies of scope and, thus, produce railway services with a...
Persistent link: https://www.econbiz.de/10003350582
model is estimated in order to evaluate the sources of productivity growth: technological progress, technical efficiency … productivity growth, followed by gains in technical efficiency, and to a lesser extent by exploitation of scale economies. Overall …, we find an average productivity growth of 39 per cent within the sample period. -- European railways ; deregulation …
Persistent link: https://www.econbiz.de/10003770485
This article examines the empirical performance of alternative frontier estimators' ability to replicate a known underlying technology and economic measures such as multi-product and product-specific economies of scale, and economies of scope. A cross sectional Monte Carlo procedure to simulate...
Persistent link: https://www.econbiz.de/10012157277