论文信息 - FIRM SIZE AND OPERATING COSTS IN URBAN BUS TRANSPORTATION

FIRM SIZE AND OPERATING COSTS IN URBAN BUS TRANSPORTATION

This analysis specifies a neoclassical cost model of urban bus transportation making short-run cost a function of output, inputs, and the stock of buses. The model is used to estimate a long-run cost relationship of transport operations that are largely financed by public funds for a cross-section of urbanized areas in the United States. It is found that there are significant economies in providing additional vehicle miles for the urbanized areas studied. The average annual mileage per bus in the sample is 32000 miles. (TRRL)

Martin Williams

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