Journal article
Ownership forms matter for airport efficiency: A stochastic frontier investigation of worldwide airports
Journal of urban economics, Vol.64(2), pp.422-435
2008
Handle:
https://hdl.handle.net/2376/111593
Abstract
We study the effects of ownership forms on airports' cost efficiency by applying stochastic frontier analysis to a panel data of the world's major airports. Our key findings are: (a) Countries considering privatization of airports should transfer majority shares to the private sector; (b) Mixed ownership of airport with a government majority should be avoided in favor of even 100% government owned public firm; (c) US airports operated by port authorities should consider to transfer ownership/management to independent airport authorities; and (d) Privatization of one or more airports in cities with multiple airports would improve the efficiency of all airports.
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Details
- Title
- Ownership forms matter for airport efficiency: A stochastic frontier investigation of worldwide airports
- Creators
- Tae H Oum - Sauder School of Business, The University of British Columbia, 2053 Main Mall, Vancouver, BC, Canada V6T 1Z2Jia Yan - School of Economic Sciences, Washington State University, Hulbert 101, Pullman, WA 99164, USAChunyan Yu - Sauder School of Business, The University of British Columbia, 2053 Main Mall, Vancouver, BC, Canada V6T 1Z2
- Publication Details
- Journal of urban economics, Vol.64(2), pp.422-435
- Academic Unit
- Economic Sciences, School of
- Publisher
- Elsevier Inc
- Identifiers
- 99900547420901842
- Language
- English
- Resource Type
- Journal article