Tender prices in local bus transport in Germany - an application of alternative regression techniques
AbstractCompetitive tendering of local bus services in Germany has received increased attention. Employing Seemingly Unrelated Regression analyses, we observe that prices have regionally varying determinants; for example, while prices throughout most of the federal state of Hesse increase over time, prices in the Munich area decrease. Optimisation of bus utilisation in general has a cost-decreasing impact, confirming that public transport authorities can reduce prices via adequate transport planning. Furthermore, Stochastic Frontier Analysis shows that tender prices in Hesse are slightly less efficient. Moreover we conclude that the public transport authority's experience has an efficiency-increasing impact which supports the introduction of overarching authorities. --
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Bibliographic InfoPaper provided by Karlsruhe Institute of Technology (KIT), Department of Economics and Business Engineering in its series Working Paper Series in Economics with number 13.
Date of creation: 2010
Date of revision:
public transport; bus; tendering; price; region; SUR analysis; SFA;
Find related papers by JEL classification:
- C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-01-30 (All new papers)
- NEP-EFF-2011-01-30 (Efficiency & Productivity)
- NEP-URE-2011-01-30 (Urban & Real Estate Economics)
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