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Title:Tender prices in local bus transport in Germany - an application of alternative regression techniques PDF Logo
Authors:Beck, Arne
Walter, Matthias
Issue Date:2010
Series/Report no.:Working paper series in economics 13
Abstract:Competitive 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.
Subjects:public transport
bus
tendering
price
region
SUR analysis
SFA
JEL:C12
C13
C31
H57
K23
L16
L92
R32
R48
Persistent Identifier of the first edition:urn:nbn:de:swb:90-211931
Document Type:Working Paper
Appears in Collections:Working Paper Series in Economics, Karlsruher Institut für Technologie (KIT)

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