José Manuel Pastor Monsálvez (Instituto Valenciano de Investigaciones Económicas) Lorenzo Serrano Martínez (Instituto Valenciano de Investigaciones Económicas) Pedro Cantos (Universitat de València)
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This study analyses cost and revenue inefficiencies for a sample of European railway companies. On the basis of a DEA model we calculate cost and revenue inefficiencies, decomposing them into inefficiencies of a technical or allocative type. It is observed that inefficiencies in revenues are greater than those in costs, indicating that the study of inefficiencies in costs is only a partial analysis of the problem. Also, technical inefficiencies are greater than the allocative type. Finally, the most independent companies, with least external intervention in their decisions, are also the most efficient in both costs and revenue. Éste trabajo analiza las ineficiencias en costes y en ingresos de una muestra decompañías ferroviarias europeas. Los indicadores de eficiencia en costes y en ingresosse calculan utilizando la técnica DEA y se descomponen en sus en ineficiencias técnicasy asignativas. Los resultados indican que las ineficiencias en ingresos son mayores quelas ineficiencias en costes, indicando que el estudio de las ineficiencias en costesconstituye un análisis parcial del problema. Asimismo, las ineficiencias técnicas sonmayores que las de tipo asignativo. Finalmente, las compañías más independientes, conmenor intervención externa en sus decisiones, son también las mas eficientes en costes yen ingresos.
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Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number
2002-10.
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