Ownership Forms Matter for Airport Efficiency: A Stochastic Frontier Investigation of Worldwide Airports

Tae H. Oum, Jia Yan and Chunyan Yu

No 207604, 50th Annual Transportation Research Forum, Portland, Oregon, March 16-18, 2009 from Transportation Research Forum

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) U.S. 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: Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 44
Date: 2009-03
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Journal Article: Ownership forms matter for airport efficiency: A stochastic frontier investigation of worldwide airports (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ndtr09:207604

DOI: 10.22004/ag.econ.207604

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