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• W3014497196 abstract "Abstract This paper studies the effects of regulations, input subsidies, their interactions and technical efficiency on cost efficiency and shows how a firm's cost efficiency relates to society's cost efficiency. It finds that from societal viewpoint, the average US public transit system is 45% cost efficient, a product of 84.4% technical efficiency and 53.5% allocative efficiency. From a transit system's viewpoint, it is 78.6%, 59.5% and 84.4% cost efficient when it internalizes input subsidies, regulations and both respectively. Additionally, it finds that the incentive tier regulation reduces capital-labor allocative distortion, the federal labor protection regulation increases nonlabor-labor allocative distortion and cost inefficiency, the incentive regulation increases cost efficiency, and the bus useful-life regulation increases cost inefficiency through increasing technical inefficiency. Together, in the sample of transit systems studied the regulations studied counteract the capital-labor allocative distortion from the subsidies and reinforce the nonlabor-labor allocative distortion from subsidies." @default.
• W3014497196 created "2020-04-10" @default.
• W3014497196 creator A5007276924 @default.
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• W3014497196 date "2020-06-01" @default.
• W3014497196 modified "2023-09-29" @default.
• W3014497196 title "Effects of government regulations and input subsidies on cost efficiency: A decomposition approach" @default.
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• W3014497196 doi "https://doi.org/10.1016/j.tranpol.2020.03.015" @default.
• W3014497196 hasPublicationYear "2020" @default.
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