US airport ownership, efficiency, and heterogeneity

All US commercial airports are in the public sector yet not all have the same ownership type. For medium and large hub US airports the authors use stochastic frontier analysis to analyze the efficiency differences for alternative airport ownership types. They find that while form of ownership may matter for cost efficiency, in general its effect is relatively small. Yet type of public sector ownership does have cost efficiency implications in certain environments. Further, when heterogeneity is not controlled, the results change substantially so that type of ownership matters much more which demonstrates the importance of controlling for cross section heterogeneity.


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  • Accession Number: 01599413
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 29 2016 10:49AM