Abstract
This article investigates how the ownership and the selection procedure of
firms operating in the Local Public Transport (LPT) sector affect their
productivity. In order to compare different institutional regimes, we carry
out a comparative analysis of 77 companies operating in large European
cities over the period 1997 to 2006. This allows us to consider firms selected
either through competitive tendering or negotiated procedures. Retrieving
the residuals we obtain a measure of Total Factor Productivity (TFP), which
we regress on firm and city characteristics. We find that totally or partially
public firms display lower productivity than privately owned firms.
Moreover, firms selected through competitive tendering display higher TFP.
Lingua originale | Inglese |
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pagine (da-a) | 1419-1434 |
Numero di pagine | 16 |
Rivista | Applied Economics |
Volume | 2013 |
DOI | |
Stato di pubblicazione | Pubblicato - 2013 |
Keywords
- competion
- ownership
- transport