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US Airport Costs and Production Technology A Translog Cost Function Analysis

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  • Patrick McCarthy

Abstract

From a panel of fifty airports over a 13-year period, this research estimates a translog model of airport short-run operating costs. Output is departures and the effective number of 10,000 by 150 feet runways is a quasi-fixed factor of production. The analysis finds that airports operate under increasing returns to runway utilisation, input demand for general airport operations is price elastic, and inputs are Morishima substitutes in production. A residuals analysis suggests that air cargo, aeronautical and non-aeronautical services, and serving international travellers are important airport cost discriminators. © 2013 LSE and the University of Bath

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  • Patrick McCarthy, 2014. "US Airport Costs and Production Technology A Translog Cost Function Analysis," Journal of Transport Economics and Policy, University of Bath, vol. 48(3), pages 427-447, September.
    • Handle: RePEc:tpe:jtecpo:v:48:y:2014:i:3:p:427-447
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    Cited by:

    1. Karanki, Fecri & Lim, Siew Hoon, 2021. "Airport use agreements and cost efficiency of U.S. airports," Transport Policy, Elsevier, vol. 114(C), pages 68-77.
    2. Lim, Siew Hoon & Karanki, Fecri, 2020. "Airport use agreement types and input and output slacks: The case of U.S. airports," Research in Transportation Economics, Elsevier, vol. 84(C).
    3. Kutlu, Levent & McCarthy, Patrick, 2016. "US airport ownership, efficiency, and heterogeneity," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 89(C), pages 117-132.
    4. Gurtner, Gérald & Cook, Andrew & Graham, Anne & Cristóbal, Samuel, 2018. "The economic value of additional airport departure capacity," Journal of Air Transport Management, Elsevier, vol. 69(C), pages 1-14.
    5. Bogicevic, Vanja & Bujisic, Milos & Bilgihan, Anil & Yang, Wan & Cobanoglu, Cihan, 2017. "The impact of traveler-focused airport technology on traveler satisfaction," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 351-361.
    6. Karanki, Fecri & Lim, Siew Hoon, 2020. "The effects of use agreements on airport efficiency," Journal of Air Transport Management, Elsevier, vol. 84(C).

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