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Eficiencia en la distribución: una aplicación en el sector de agencias de viajes

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Author Info

  • Francisco Mas Ruiz

    ()
    (Universidad de Alicante)

  • Juan Luis Nicolau Gonzálbez

    ()
    (Universidad de Alicante)

  • Ricardo Sellers

    (Universidad de Alicante)

Abstract

The aim of this paper is to analyse the efficiency of the travel agencies operatingin Spain, and to examine the determining factors of such efficiency, in terms of verticalintegration, market concentration, size and performance. The methodology employed is based on different techniques for the measurement of the efficiency (stochastic frontier production function and Data Envelopment Analysis, DEA), as well as on Tobit regression models. The empirical application carried-out on a sample of 50 Spanish travel agencies reveals, on the one hand, high levels of technical and scale in efficiencies, specially decreasing returns to scale; and, on the other hand, that size and performance are the determining factors of scale efficiency, while market concentrationis the determining factor of technical efficiency. El objetivo de este trabajo consiste en estimar la eficiencia productiva y de escala con la que operan los intermediarios del sector minorista español de distribución turístico. Adicionalmente, se pretende examinar los determinantes de la eficiencia en términos de la integración vertical, concentración horizontal, tamaño y resultados de las entidades. La metodología aplicada se apoya en diversas técnicas de medición de eficiencia (paramétrica de naturaleza estocástica y no paramétrica del Análisis Envolvente de Datos, DEA), así como en modelos tobit para conocer el impacto de los factores del mercado y de la empresa sobre los niveles de eficiencia. La aplicación empírica realizada en una muestra de 50 agencias de viaje de nuestro país evidencia, por un lado, unos elevados índices de ineficiencia técnica y de escala, destacando en el último caso los rendimientos decrecientes; y por otro, que el tamaño y el ROA son los factores determinante de la eficiencia de escala, mientras que la concentración del mercado explica la eficiencia técnica.

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File URL: http://www.ivie.es/downloads/docs/wpasec/wpasec-2002-17.pdf
File Function: Fisrt version / Primera version, 2002
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Bibliographic Info

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 2002-17.

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Length: 26 pages
Date of creation: Jul 2002
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:2002-17

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Related research

Keywords: Agencia de viajes; distribución; eficiencia; frontera estocástica; DEA Travel agency; distribution; efficiency; stochastic frontier; DEA;

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