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- W779792586 abstract "Among the findings of this study are that subsidies induce over-use of labor and fuel relative to capital in most transport firms. Also, it finds that the size of allocative distortion depends not only on firm size, but also on whether the firm is private, public, or purchases transport. Furthermore, the paper finds that subsidies reduce labor wage rates more than they reduce the prices of fuel and capital. Over time, subsidies increase labor cost shares, reduce capital cost shares and leave the cost share of fuel unchanged. The policy implications of these findings are examined." @default.
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- W779792586 date "1997-05-01" @default.
- W779792586 modified "2023-09-24" @default.
- W779792586 title "TYPE OF MANAGEMENT AND SUBSIDY-INDUCED ALLOCATIVE DISTORTIONS IN URBAN TRANSIT FIRMS: A TIME-SERIES APPROACH" @default.
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