Abstract

In this paper, we conduct a pan-European efficiency analysis to investigate the performance of European railways with a particular focus oil economics of vertical integration. We test the hypothesis that integrated railways realise economies of scope and, thus, produce railway services with a higher level of efficiency. To determine whether joint or separate production is more efficient, we apply a data envelopment analysis super-efficiency bootstrapping model which relates the efficiency for integrated production to a reference set consisting of separated firms which Use a different production technology. We find that for a majority of European railways, economics of scope exist.


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https://www.scopus.com/record/display.uri?eid=2-s2.0-60149099025&origin=inward&txGid=0,
https://www.ingentaconnect.com/contentone/lse/jtep/2009/00000043/00000001/art00001#
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Published on 01/01/2007

Volume 2007, 2007
Licence: CC BY-NC-SA license

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