Ownership, Contractual Practices and Technical Efficiency: The Case of Urban Public Transport in France
By W. Roy, Anne Yvrande-Billon. Journal of Transport Economics and Policy, 2007
169 citations recorded by the source corpus.
This paper investigates the impact of ownership structure and contractual choices on technical efficiency in the French urban public transport sector. The central proposition, which relies on classical contract theory arguments, is that ownership regime and contractual practices are key determinants of performance. To test this proposition, the authors use an original panel data set covering 135 different French urban transport networks over the period 1995–2002 and apply a stochastic frontier methodology. The econometric results corroborate their proposition that the technical efficiency of urban public transport operators depends on the ownership regime and on the type of contract governing their transactions.
Subfields: Building and Construction, Strategy and Management, Transportation
View Paper: https://www.semanticscholar.org/paper/7de5c3c8527ecdb2b9418a541b524b33b051c587
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In Strategy and Management
Citations in the corpus
- Do competition and ownership matter? Evidence from local public transport in Europe (2010, background): “Thus, previous evidence is country specific (Gagnepain and Ivaldi, 2002; Piacenza, 2006; Roy and Yvrande-Billon, 2007).”
- The efficiency and effectiveness of municipally owned corporations: a systematic review (2017, background): “Roy and Yvrande-Billon (2007) suggest that mixed MOCs may do worse due to opportunism by both the public and private partner (i.e. goal conflict) or difficulty in attributing responsibilities (i.e. incomplete contracts).”