Abstract
The aim of this study was to determine the key factors causing differences in efficiency between private and public bus operators, especially with regard to efficiency in service provision, wages, and costs. Econometric methods were used to estimate the cost function of bus services and the wage function. Analytical results suggest that the total operating cost of public bus operators is 20.2% higher than that of private bus operators, and that the wages of public bus operator employees are 14.5% higher than those of private bus operator employees.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
