Subsidies and inefficiency: stochastic frontier approach.

U.S. urban transit systems receive operating and capital subsidies from various levels of government. Each firm minimizes its cost net of subsidies subject to its production function. The first order conditions from this minimization give a set of equations that are estimated using a stochastic fr...

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Publicado en:	Contemporary Economic Policy Vol. 15; pp. 113 - 128
Autores principales:	Sakano, Ryoichi, Obeng, Kofi, Azam, G.
Formato:	Artículo
Publicado:	Wiley-Blackwell July 1997
Materias:	Stochastic processes Stochastic frontier analysis Federal aid to transportation Urban transportation finance Mathematical models of economics Subsidies Mathematical models Industrial efficiency Bus lines Finance
Acceso en línea:	Ver este registro en EBSCOhost