Ownership and Competition in European Transit: Assessing Efficiency

Ownership and competition and their effect on public transit system efficiency is a topic of considerable interest. In this paper the author uses a stochastic frontier error component model specification that incorporates a dynamic ARCH error structure to assess the effects of ownership and competition on European public transport systems using data from 15 European systems for a ten year time period (1990-2000). Results indicate: (1) a clear rejection of the standard frontier model and existence of ARCH-related heteroskedastic technical inefficiency; (2) transport operators in cities where competition has been introduced demonstrate increased efficiency; and, (3) efficiency findings vary between different error formulations.

Language

  • English

Media Info

  • Media Type: DVD
  • Features: References; Tables;
  • Monograph Title: TRB 89th Annual Meeting Compendium of Papers DVD

Subject/Index Terms

Filing Info

  • Accession Number: 01154837
  • Record Type: Publication
  • Report/Paper Numbers: 10-0323
  • Files: TRIS, TRB
  • Created Date: Jan 25 2010 10:12AM