| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9346 |
| DP9346 Cost Efficiency and Subsidization in German Local Public Bus Transit | |
| [unavailable] | |
| 发表日期 | 2013-02-10 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | This paper examines the impact of endogenous deficit-balancing subsidies on the cost efficiency of local public bus companies by using alternative frontier cost models for panel data. Thereby, the multidimensional performance estimation incorporates the subsidy variable directly. The empirical analysis relies on a unique dataset of 33 German companies observed over a period of up to twelve years. We find a positive effect of endogenous subsidies on the standard deviation of cost inefficiency implying that the range of companies? cost inefficiency increases with the level of subsidies relative to total costs. Further, we find that non-subsidized firms perform better. |
| 主题 | Public Economics |
| 关键词 | Stochastic cost frontier Endogenous subsidies Heteroscedasticity Local public bus transportation Cost efficiency Panel data |
| URL | https://cepr.org/publications/dp9346 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538181 |
| 推荐引用方式 GB/T 7714 | [unavailable]. DP9346 Cost Efficiency and Subsidization in German Local Public Bus Transit. 2013. |
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