A Cost Function for Australia's Railways
27 Pages Posted: 17 Jul 2009
Date Written: July 17, 2009
This paper utilises a unique dataset comprising of a hundred years of Australian railway history to develop a cost function for Australia’s railways. It explores two different functional forms, highlighting the advantages and disadvantages of each, and explores some of the ramifications of the cost models, both in terms of the economics of Australia’s railways and their economic regulation.
Keywords: Railways, Cost Functions
JEL Classification: L92, D24
Suggested Citation: Suggested Citation