Skip to main content

Please enter a keyword and click the arrow to search the site

Measuring the efficiency of Britain's privatised train operating companies

Subject

Economics

Publication Year

2002

Abstract

Twenty-five operating companies (TOCs) were created between 1994-1997, as part of the restructing process of the railway industry in Great Britain. The TOC operate monopoly franchises for the provision of passengers of passenger rail services over certain routes - some of which continue to receive government subsidies. This paper investigates how the efficiency of these train operating companies has evolved over the period since privatisation using data envelopment analysis (DEA) and corrected ordinary least squares (COLS). Our data allows us to look at the evolution of relative efficiency and productivity through the privatisation and to perform second-stage regression analysis of the effciency scores using safety, quality and environmental data. The analysis sheds some light on the success and failures of the UK's most controversial privatisation to data

Publication Research Centre

Regulation Initiative (closed)

Series Number

48

Series

Regulation Initiative Working Paper Series

Available on ECCH

No


Select up to 4 programmes to compare

Select one more to compare
×
subscribe_image_desktop 5949B9BFE33243D782D1C7A17E3345D0

Sign up to receive our latest news and business thinking direct to your inbox

×

Sign up to receive our latest course information and business thinking

Leave your details above if you would like to receive emails containing the latest thought leadership, invitations to events and news about courses that could enhance your career. If you would prefer not to receive our emails, you can still access the case study by clicking the button below. You can opt-out of receiving our emails at any time by visiting: https://london.edu/my-profile-preferences or by unsubscribing through the link provided in our emails. View our Privacy Policy for more information on your rights.