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European Railway Deregulation: The Influence of Regulatory and Environmental Conditions on Efficiency

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  • Heike Wetzel

    (Institute of Economics, Leuphana University of Lüneburg)

Abstract

The objective of this paper is to analyze the impact of regulatory and environmental conditions on technical effciency of European railways. Using a panel data set of 31 railway firms from 22 European countries from 1994 to 2005, a multioutput distance function model, including regulatory and environmental factors, is estimated using stochastic frontier analysis. The results obtained indicate positive and negative effciency effects of different regulatory reforms. Furthermore, estimating models with and without regulatory and environmental factors clearly indicates that the omission of environmental factors, such as network density, substantially changes parameter estimates and, hence, leads to biased estimation results.

Suggested Citation

  • Heike Wetzel, 2008. "European Railway Deregulation: The Influence of Regulatory and Environmental Conditions on Efficiency," Working Paper Series in Economics 86, University of Lüneburg, Institute of Economics.
    • Handle: RePEc:lue:wpaper:86
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    References listed on IDEAS

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    Cited by:

    1. Tomeš, Zdeněk, 2017. "Do European reforms increase modal shares of railways?," Transport Policy, Elsevier, vol. 60(C), pages 143-151.
    2. Pavlyuk, Dmitry, 2008. "An Efficiency Analysis of European Countries' Railways," MPRA Paper 20922, University Library of Munich, Germany.
    3. Orea, Luis & Rodríguez-Álvarez, Ana & Kumbhakar, Subal, 2008. "Explaining Occupancy Rates in the European Railways: a Reduced-Form Approach," Efficiency Series Papers 2008/04, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    4. Ioannis Koliousis, 2016. "Assessing the Impact of the Latest Deregulatory Developments in the EU28 Transport Industry Production: a Critical Review Based on Empirical Data," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 66(1-2), pages 3-21, January-J.
    5. Fitzová Hana, 2017. "European railway reforms and efficiency: Review of evidence in the literature," Review of Economic Perspectives, Sciendo, vol. 17(2), pages 103-120, June.
    6. Rico Merkert & Andrew S.J. Smith & Chris A. Nash, 2009. "Benchmarking of train operating firms -- a transaction cost efficiency analysis," Transportation Planning and Technology, Taylor & Francis Journals, vol. 33(1), pages 35-53, October.
    7. Carlos Gutiérrez-Hita & Aurora Ruiz-Rua, 2019. "Competition in the railway passenger market: The challenge of liberalization," Competition and Regulation in Network Industries, , vol. 20(2), pages 164-183, June.

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    More about this item

    Keywords

    European railways; technical effciency; stochastic frontier analysis;
    All these keywords.

    JEL classification:

    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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