Ownership forms matter for airport efficiency: A stochastic frontier investigation of worldwide airports

被引：174
|
作者：
Oum, Tae H. [2 ,3 ]
Yan, Jia [1 ,4 ]
Yu, Chunyan [2 ]
机构：
[1] Washington State Univ, Sch Econ Sci, Pullman, WA 99164 USA
[2] Univ British Columbia, Sauder Sch Business, Vancouver, BC V6T 1Z2, Canada
[3] Embry Riddle Aeronaut Univ, Coll Business, Daytona Beach, FL 32114 USA
[4] Hong Kong Polytech Univ, Fac Business, Kowloon, Hong Kong, Peoples R China
来源：
JOURNAL OF URBAN ECONOMICS | 2008年 / 64卷 / 02期
关键词：
ownership forms; airports; translog cost system; Stochastic frontier; Bayesian approach;
D O I：
10.1016/j.jue.2008.03.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2008 Elsevier Inc. All rights reserved.
引用
收藏
页码：422 / 435
页数：14
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