Economies of scope in European railways: an efficiency analysis

Research output: Working paperWorking papers

Standard

Economies of scope in European railways: an efficiency analysis. / Wetzel, Heike; Growitsch, Christian.
Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2006. (Working paper series in economics; Vol. 29).

Research output: Working paperWorking papers

Harvard

Wetzel, H & Growitsch, C 2006 'Economies of scope in European railways: an efficiency analysis' Working paper series in economics, vol. 29, Institut für Volkswirtschaftslehre der Universität Lüneburg, Lüneburg.

APA

Wetzel, H., & Growitsch, C. (2006). Economies of scope in European railways: an efficiency analysis. (Working paper series in economics; Vol. 29). Institut für Volkswirtschaftslehre der Universität Lüneburg.

Vancouver

Wetzel H, Growitsch C. Economies of scope in European railways: an efficiency analysis. Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg. 2006. (Working paper series in economics).

Bibtex

@techreport{f8ebc327f6e84fdfa3b0b0ffcf10c577,
title = "Economies of scope in European railways: an efficiency analysis",
abstract = "In the course of railway reforms at the end of the last century, European na- tional governments, as well the EU Commission, decided to open markets and to separate railway networks from train operations. Vertically integrated railway com- panies argue that such a separation of infrastructure and operations would diminish the advantages of vertical integration and would therefore not be suitable to raise economic welfare. In this paper, we conduct a pan-European analysis to investi- gate the performance of European railways with a particular focus on economies of scope associated with vertical integration. We test the hypothesis that integrated railways realize economies of joint production and, thus, produce railway services on a higher level of efficiency. To determine whether joint or separate production is more efficient we apply an innovative Data Envelopment Analysis super-efficiency bootstrapping model which relates the efficiency for integrated production to a vir- tual reference set consisting of the separated production technology and which is applicable to other network industries as energy and telecommunication as well. Our findings are that for a majority of European Railway companies economies of scope exist.",
keywords = "Economics, Efficiency, Vertical Integration, Railway Industry",
author = "Heike Wetzel and Christian Growitsch",
note = "Literaturverz. S. 19 - 21",
year = "2006",
language = "English",
series = "Working paper series in economics",
publisher = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",
type = "WorkingPaper",
institution = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",

}

RIS

TY - UNPB

T1 - Economies of scope in European railways

T2 - an efficiency analysis

AU - Wetzel, Heike

AU - Growitsch, Christian

N1 - Literaturverz. S. 19 - 21

PY - 2006

Y1 - 2006

N2 - In the course of railway reforms at the end of the last century, European na- tional governments, as well the EU Commission, decided to open markets and to separate railway networks from train operations. Vertically integrated railway com- panies argue that such a separation of infrastructure and operations would diminish the advantages of vertical integration and would therefore not be suitable to raise economic welfare. In this paper, we conduct a pan-European analysis to investi- gate the performance of European railways with a particular focus on economies of scope associated with vertical integration. We test the hypothesis that integrated railways realize economies of joint production and, thus, produce railway services on a higher level of efficiency. To determine whether joint or separate production is more efficient we apply an innovative Data Envelopment Analysis super-efficiency bootstrapping model which relates the efficiency for integrated production to a vir- tual reference set consisting of the separated production technology and which is applicable to other network industries as energy and telecommunication as well. Our findings are that for a majority of European Railway companies economies of scope exist.

AB - In the course of railway reforms at the end of the last century, European na- tional governments, as well the EU Commission, decided to open markets and to separate railway networks from train operations. Vertically integrated railway com- panies argue that such a separation of infrastructure and operations would diminish the advantages of vertical integration and would therefore not be suitable to raise economic welfare. In this paper, we conduct a pan-European analysis to investi- gate the performance of European railways with a particular focus on economies of scope associated with vertical integration. We test the hypothesis that integrated railways realize economies of joint production and, thus, produce railway services on a higher level of efficiency. To determine whether joint or separate production is more efficient we apply an innovative Data Envelopment Analysis super-efficiency bootstrapping model which relates the efficiency for integrated production to a vir- tual reference set consisting of the separated production technology and which is applicable to other network industries as energy and telecommunication as well. Our findings are that for a majority of European Railway companies economies of scope exist.

KW - Economics

KW - Efficiency

KW - Vertical Integration

KW - Railway Industry

M3 - Working papers

T3 - Working paper series in economics

BT - Economies of scope in European railways

PB - Institut für Volkswirtschaftslehre der Universität Lüneburg

CY - Lüneburg

ER -

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