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The influence of ownership on the cost of bus service provision in Switzerland - an empirical illustration

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Author Info
Massimo Filippini
Paola Prioni

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Abstract

In deregulated transport markets, a firm's ownership status and management system represent an important issue. Property right theory suggests that productivity and performance are higher in the private than in the public sector. In Switzerland, providers of bus transportation are traditionally corporations, though a large part of their equity shares are still held by the public sector (federal government, cantons, municipalities). This paper examines the potential impact of ownership on the cost of bus service provision for a sample of private, public and mixed bus companies in Switzerland. The estimation of a translog cost model has been considered for 34 bus transit companies observed over 5 years (1991-1995). The results only partially confirm that if the private sector holds shares in the company's capital, efficiency is enhanced. In addition, measures of economies of scale and density are derived and discussed within the actual public transport policy.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Applied Economics.

Volume (Year): 35 (2003)
Issue (Month): 6 (January)
Pages: 683-690
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Handle: RePEc:taf:applec:v:35:y:2003:i:6:p:683-690

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Button, K J & O'Donnell, K J, 1985. "An Examination of the Cost Structures Associated with Providing Urban Bus Services in Britain," Scottish Journal of Political Economy, Scottish Economic Society, vol. 32(1), pages 67-81, February.
  2. Richard H. Spady & Ann F. Friedlaender, 1978. "Hedonic Cost Functions for the Regulated Trucking Industry," Bell Journal of Economics, The RAND Corporation, vol. 9(1), pages 159-179, Spring. [Downloadable!] (restricted)
  3. Niskanen, William A, 1975. "Bureaucrats and Politicians," Journal of Law & Economics, University of Chicago Press, vol. 18(3), pages 617-43, December.
  4. Berechman, Joseph, 1987. "Cost structure and production technology in transit : An application to the Israeli bus transit sector," Regional Science and Urban Economics, Elsevier, vol. 17(4), pages 519-534, November. [Downloadable!] (restricted)
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  1. Mehdi Farsi & Massimo Filippini & Michael Kuenzle, 2004. "Cost Efficiency in Regional Bus Companies: An Application of Alternative Stochastic Frontier Models," CEPE Working paper series 04-33, CEPE Center for Energy Policy and Economics, ETH Zürich. [Downloadable!]
  2. Mehdi Farsi & Massimo Filippini & William Greene, 2004. "Efficiency Measurement in Network Industries: Application to the Swiss Railway Companies," CEPE Working paper series 04-32, CEPE Center for Energy Policy and Economics, ETH Zürich. [Downloadable!]
  3. Carlo Cambini & Massimiliano Piacenza & Davide Vannoni, 2007. "Restructuring Public Transit Systems: Evidence on Cost Properties from Medium and Large-Sized Companies," Review of Industrial Organization, Springer, vol. 31(3), pages 183-203, November. [Downloadable!] (restricted)
  4. Christian von Hirschhausen & Astrid Cullmann, 2008. "Next Stop: Restructuring? : A Nonparametric Efficiency Analysis of German Public Transport Companies," Discussion Papers of DIW Berlin 831, DIW Berlin, German Institute for Economic Research. [Downloadable!]
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