Ownership forms matter for airport efficiency: A stochastic frontier investigation of worldwide airports
Tae H. Oum,
Jia Yan () and
Journal of Urban Economics, 2008, vol. 64, issue 2, 422-435
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.
Keywords: Ownership; forms; Airports; Translog; cost; system; Stochastic; frontier; Bayesian; approach (search for similar items in EconPapers)
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Working Paper: Ownership Forms Matter for Airport Efficiency: A Stochastic Frontier Investigation of Worldwide Airports (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juecon:v:64:y:2008:i:2:p:422-435
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