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Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg >
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http://hdl.handle.net/10419/28147
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| Title: | | Economies of scope in European railways: an efficiency analysis  |
| Authors: | | Growitsch, Christian Wetzel, Heike |
| Issue Date: | | 2006 |
| Series/Report no.: | | University of Lüneburg working paper series in economics 29 |
| Abstract: | | In this paper, we conduct a pan-European efficiency analysis to investigate the performance of European railways with a particular focus on economies of vertical integration. We test the hypothesis that integrated railways realize 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 economies of scope exist. |
| Subjects: | | Efficiency Vertical Integration Railway Industry |
| JEL: | | L22 L43 L92 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series in Economics, Leuphana Universität Lüneburg
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