A cost function for Australia's railways
Citation
Wills-Johnson, Nick. 2009. A cost function for Australia's railways, Centre for Research in Applied Economics Working Paper Series No. 200906, Curtin University of Technology, School of Economics and Finance.
Faculty
Curtin Business School
School of Economics and Finance
Collection
Abstract
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.
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