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Cost structure, efficiency and productivity in Hellenic Railways

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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<mark>Journal publication date</mark>06/2008
<mark>Journal</mark>Journal of Economic Asymmetries
Issue number1
Volume5
Number of pages14
Pages (from-to)39-52
Publication StatusPublished
<mark>Original language</mark>English

Abstract

In this paper we analyze the cost structure of Hellenic Railways (OSE)
over the period 2000-2006 using plant-level data. Our estimates provide marginal
costs, which are essential for rational pricing policies in view of Article 7 in the
Commission Directive 2001/14/EC. We find cost efficiency close to 64 percent in
rail circulation and 84 percent in maintenance. Technical progress has been
substantial in maintenance of rail track but almost zero in rail circulation. Policy
measures and recommendations are provided based on our empirical results.