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Performance of European airports: regulation, ownership and managerial efficiency

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  • Rui Cunha Marques
  • Carlos Pestana Barros

Abstract

This article analyses regulation, ownership and unobserved managerial ability as factors affecting the performance of a representative sample of European airports by means of frontier models. The Alvarez et al. (2004) frontier model is used. These airports are ranked according to their technical efficiency during the period 2001 to 2004 and homogenous and heterogeneous variables are disentangled in the cost function, which leads us to advise the implementation of common policies as well as policies by segments. Economic implications arising from the study are also considered.

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  • Rui Cunha Marques & Carlos Pestana Barros, 2011. "Performance of European airports: regulation, ownership and managerial efficiency," Applied Economics Letters, Taylor & Francis Journals, vol. 18(1), pages 29-37.
  • Handle: RePEc:taf:apeclt:v:18:y:2011:i:1:p:29-37 DOI: 10.1080/13504850903409763
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    Cited by:

    1. Maria del Pilar Baquero Forero & Toshifumi Kuroda & Takanori Ida, 2010. "Cultural determinants of countries management efficiency:A random coefficients stochastic frontier approach," Discussion papers e-10-012, Graduate School of Economics Project Center, Kyoto University.
    2. Adler, Nicole & Liebert, Vanessa, 2014. "Joint impact of competition, ownership form and economic regulation on airport performance and pricing," Transportation Research Part A: Policy and Practice, Elsevier, vol. 64(C), pages 92-109.
    3. Assaf, A. George & Gillen, David & Tsionas, Efthymios G., 2014. "Understanding relative efficiency among airports: A general dynamic model for distinguishing technical and allocative efficiency," Transportation Research Part B: Methodological, Elsevier, vol. 70(C), pages 18-34.
    4. Georges Assaf, A. & Gillen, David, 2012. "Measuring the joint impact of governance form and economic regulation on airport efficiency," European Journal of Operational Research, Elsevier, vol. 220(1), pages 187-198.
    5. Pavlyuk, Dmitry, 2009. "Spatial competition for passengers and its influence on efficiency of European airports," MPRA Paper 16930, University Library of Munich, Germany.
    6. Abbott, Malcolm, 2015. "Reform and efficiency of New Zealand's airports," Utilities Policy, Elsevier, vol. 36(C), pages 1-9.

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