TECHNICAL EFFICIENCY, REGULATION AND HETEROGENEITY IN JAPANESE AIRPORTS

Carlos Barros, Shunsuke Managi and Yuichiro Yoshida

Pacific Economic Review, 2010, vol. 15, issue 5, 685-696

Abstract: In this paper, the random stochastic frontier model is used to estimate the technical efficiency of Japanese airports, with regulation and heterogeneity included in the variables. The airports are ranked according to their productivity for the period 1987–2005 and homogeneous and heterogeneous variables in the cost function are disentangled. Policy implications are derived.

Date: 2010
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