Regulatory and environmental effects on public transit efficiency: a mixed DEA-SFA approach
http://www.springerlink.com/content/tv18851432p85j71/
Abstract: This essay assesses the effect of restrictive and environmental factors and statistical racket on the efficiency of open installation systems within a DEA-based framework. Using a commission of European companies, we compel a DEA-SFA integrated move supported on [H.O. Fried et al. (2002) Journal of Productivity Analysis, 17(1–2), 157–174] to decay DEA inefficiency measures into threesome components: exogenous effects, managerial inefficiency and stochastic events. Besides providing grounds on the determinants of input-specific efficiency differentials crossways companies, the results saucer discover that managerial skills endeavor a secondary role, and accent the connexion of restrictive policies aimed at exchange cost-plus allotment with high-powered motivator contracts as substantially as rising environmental conditions of open installation networks.
Keywords: Public installation systems, Regulation, Environmental factors, Managerial skills, Frontier psychotherapy (DEA, SFA)
by Beniamina Buzzo Margari 1, Fabrizio Erbetta 2, Carmelo Petraglia 3 and Massimiliano Piacenza 4
1. “Vilfredo Pareto” Graduate School of Economics and HERMES, University of Torino, Collegio Carlo Alberto, Via Real Collegio 30, Moncalieri, TO, 10024, Italy; Email: b.buzzomargari@hermesricerche.it
2. Faculty of Economics, Ceris-CNR and HERMES, University of Piemonte Orientale “Amedeo Avogadro”, Via Perrone 18, Novara, NO, 28100, Italy
3. Department of Economics, University of Napoli “Federico II”, Via Cinthia (Monte S. Angelo), Napoli, NA, 80126, Italy; Email: petragli@unina.it
4. Ceris-CNR and HERMES, European National Research Council, Collegio Carlo Alberto, Via Real Collegio 30, Moncalieri, TO, 10024, Italy; Email: m.piacenza@ceris.cnr.it
Journal of Regulatory Economics via Springer Holland www.SpringerLink.com
Volume 32, Number 2; October, 2007; Pages 131-151
DOI: 10.1007/s11149-007-9025-0
http://www.springerlink.com/content/tv18851432p85j71/