Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86381
Authors: 
Pels, Eric
Daniel, Vanessa E.
Rietveld, Piet
Year of Publication: 
2004
Series/Report no.: 
Tinbergen Institute Discussion Paper 04-004/3
Abstract: 
Rail cost function analysis has been a popular topic in the (empirical) economics literature over the past decades. Most studies find increasing returns to density for rail companies. The results can, however, be quite diverse. Results for the Dutch National Railway company (NS), for instance, indicate very strong increasing returns to density (Andrikopoulos and Loizides, 1998) or decreasing returns to density (Preston, 1994). Using the, to our knowledge, most comprehensive dataset for the NS, this paper estimates a translog variable cost function for the NS. While the returns to density parameter shows increasing returns, like so many other papers_new, the calculated standard errors shows that the null hypothesis of constant returns may not be rejected.
Subjects: 
Transportation
JEL: 
R41
L91
Document Type: 
Working Paper

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