The influence of ownership on the cost of bus service provision in Switzerland - an empirical illustration
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Citations
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References
Why Regulate Utilities
Bureaucrats and Politicians
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Hedonic Cost Functions for the Regulated Trucking Industry
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Technical characteristics and efficiency of urban bus companies: the case of spain
Frequently Asked Questions (10)
Q2. What is the effect of the commercialization of new vehicle and fuel options?
The increasing commercialization of new vehicle and fuel options, due to a shift inpriorities towards a sustainable public transport system, aim to reduce pollution and minimize petroleum fuel use in the bus transit industry.
Q3. What is the main function of the mixed firms in the Swiss public transport system?
The main function of these companies is to link mainly rural areas to an urban transport network or to the intercity railway line.
Q4. What is the explanatory power of the model?
The explanatory power of the model gives us an insight into the nature of theproduction technology of the regional bus system in terms of economies of scale and density.
Q5. What are the other forms of companies in the sample?
although corporations dominate (29), other institutional forms are represented in the sample (for example cooperatives).
Q6. What is the estimated elasticity between labor and energy?
The estimated elasticity between labor and energy is 0.007 in both modelspecifications, suggesting very limited substitution possibilities.
Q7. What is the chain of command from the electorate to the management of a public firm?
Within the public sector, the chain of command from the electorate to the management go through the parliament, the government and the commission.
Q8. What is the reason for the increase in output measured in bus kilometres?
One reason for this may be the fact that the increase in output measured in bus kilometres implies higher costs that an increase in the seat capacity of the bus.
Q9. Why is the average vehicle life so long?
The reason could lie in the relatively long average vehicle life, which ranges from 12 to 25 years depending on thequality of maintenance and intensity of vehicle utilization (Williams, Dalal, 1981).
Q10. What is the general expression for elasticity of substitution between two inputs?
The general expression for Allen elasticity of substitution between two inputs m and n (m≠n) (see for example Williams, Dalal, 1981) is given by: ∂ ∂ ∂ ∂ ∂∂ ∂ ⋅ = nm nm mn p C p C pp C C 2 ϑ (7)