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The cost efficiency of Australian airports post privatisation: a Bayesian methodology

Assaf, Albert (2010) The cost efficiency of Australian airports post privatisation: a Bayesian methodology. Tourism Management, 31 (2). pp. 267-273. ISSN 0261-5177

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Abstract

This paper reports on the cost efficiency of Australian airports using a Bayesian panel stochastic frontier model. With data from 2002 to 2007, the paper focuses mainly on the post privatisation period of Australian airports. The results show that the cost efficiency of Australian airports has increased over time to reach a high value of 90.08% in 2007. The paper discusses the potential impact of factors such as privatisation, price cap regulations and capital investments on the current efficiency level of Australian airports.

Item Type: Article
Uncontrolled Keywords: ResPubID21577. airports, Australia, privatisation, stochastic frontier analysis, Bayesian, cost efficiency, Australian airports
Subjects: Faculty/School/Research Centre/Department > School of Economics and Finance
FOR Classification > 1402 Applied Economics
FOR Classification > 1403 Econometrics
Depositing User: VUIR
Date Deposited: 06 Nov 2011 23:54
Last Modified: 06 Nov 2011 23:54
URI: http://vuir.vu.edu.au/id/eprint/7122
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Citations in Scopus: 15 - View on Scopus

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