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Once again, the costs of urban rapid transit

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  • Viton, Philip A.

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.

Suggested Citation

  • Viton, Philip A., 1993. "Once again, the costs of urban rapid transit," Transportation Research Part B: Methodological, Elsevier, vol. 27(5), pages 401-412, October.
    • Handle: RePEc:eee:transb:v:27:y:1993:i:5:p:401-412
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    Cited by:

    1. Iseki, Hiroyuki, 2008. "Economies of scale in bus transit service in the USA: How does cost efficiency vary by agency size and level of contracting?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(8), pages 1086-1097, October.
    2. Savage, Ian, 1997. "Scale economies in United States rail transit systems," Transportation Research Part A: Policy and Practice, Elsevier, vol. 31(6), pages 459-473, November.

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