Are multi-resort ski conglomerates more efficient?

Martin Falk
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Martin Falk: Austrian Institute of Economic Research (WIFO), Vienna, Austria, Postal: Austrian Institute of Economic Research (WIFO), Vienna, Austria

Managerial and Decision Economics, 2009, vol. 30, issue 8, pages 529-538

Abstract: This paper compares the efficiency of large ski resort conglomerates with independent ski resorts using data on four countries (Canada, France, United States, Switzerland). Using the stochastic frontier production approach, I find that ski resorts that are owned and managed by the Intrawest group are significantly more efficient than independent ski resorts. The efficiency gap is about nine percentage points on average. The remaining ski resort conglomerates (American Skiing, Vail Resorts Inc., and Compagnie des Alpes SA) do not operate more efficiently than independent ski resorts. Copyright © 2009 John Wiley & Sons, Ltd.

Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:wly:mgtdec:v:30:y:2009:i:8:p:529-538

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