Ownership and competition and their effect on public transit system efficiency is a topic of considerable interest. In this article, we use 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 10-year time period (1990–2000). Results indicate: (i) a clear rejection of the standard frontier model and existence of ARCH-related heteroskedastic technical inefficiency; (ii) transport operators in cities where competition has been introduced to demonstrate increased efficiency and (iii) efficiency findings vary between different error formulations.
Ownership and competition in European transit: assessing efficiency
Transportmetrica ; 6 , 2 ; 143-160
2010-04-01
Article (Journal)
Electronic Resource
Unknown
Competition and ownership of public transit services: introduction
Taylor & Francis Verlag | 1991
|The future for competition and ownership in European transport industries
British Library Conference Proceedings | 1999
|A causal analysis of car ownership and transit use
Online Contents | 1989
|Taylor & Francis Verlag | 2020
|Assessing Bike-Transit Accessibility
Transportation Research Record | 2024
|