Restructuring Public Transit Systems: Evidence on Cost Properties from Medium and Large-Sized Companies

Restructuring Public Transit Systems: Evidence on Cost Properties from Medium and Large-Sized... This paper analyses the cost structure of a sample of local public transport companies operating in medium and large urban centres in Italy in order to identify the proper network configuration for the service. Technological characteristics of public transit systems are analysed by estimating both variable and total cost function models. The evidence shows the presence of short-run and long-run economies of scale, as well as of economies of network density. This suggests that a suitable network design should at least include a large urban centre, while a regulatory policy aimed at fragmenting the served area would imply an efficiency loss. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Restructuring Public Transit Systems: Evidence on Cost Properties from Medium and Large-Sized Companies

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Publisher
Springer US
Copyright
Copyright © 2007 by Springer Science+Business Media, LLC.
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-007-9153-9
Publisher site
See Article on Publisher Site

Abstract

This paper analyses the cost structure of a sample of local public transport companies operating in medium and large urban centres in Italy in order to identify the proper network configuration for the service. Technological characteristics of public transit systems are analysed by estimating both variable and total cost function models. The evidence shows the presence of short-run and long-run economies of scale, as well as of economies of network density. This suggests that a suitable network design should at least include a large urban centre, while a regulatory policy aimed at fragmenting the served area would imply an efficiency loss.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Dec 9, 2007

References

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