Abstract This paper re-examines the question of short-run economies in the provision of rapid-rail transit. In order to satisfy the theoretical requisite that all observations show costs no less than the theoretical minimum implied by a cost function, I estimate here a frontier cost function. The results indicate decreasing returns for all properties in the sample, a change from previous results. There appears to be only a small amount of technical inefficiency in the industry. I also discuss the implications for marginal-cost pricing of these services in the absence of externalities.
Once again, the costs of urban rapid transit
Transportation Research Part B: Methodological ; 27 , 5 ; 401-412
1992-12-06
12 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Once again, the costs of urban rapid transit
Online Contents | 1993
|Online Contents | 1994
Online Contents | 1996
|The costs of expanding urban transportation - highways versus rapid transit
Tema Archiv | 1970
|Industry news - Once And Again
Online Contents | 2004