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

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  • Assaf, A.

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.

Suggested Citation

  • Assaf, A., 2010. "The cost efficiency of Australian airports post privatisation: A Bayesian methodology," Tourism Management, Elsevier, vol. 31(2), pages 267-273.
    • Handle: RePEc:eee:touman:v:31:y:2010:i:2:p:267-273
    DOI: 10.1016/j.tourman.2009.03.005
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    Cited by:

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    3. Barros, Carlos Pestana, 2011. "Cost efficiency of African airports using a finite mixture model," Transport Policy, Elsevier, vol. 18(6), pages 807-813, November.
    4. Peypoch, Nicolas & Randriamboarison, Rado & Rasoamananjara, Fy & Solonandrasana, Bernardin, 2012. "The length of stay of tourists in Madagascar," Tourism Management, Elsevier, vol. 33(5), pages 1230-1235.
    5. Herold, David M. & Wilde, Simon. & Wojtarowicz, Natalie, 2014. "How to Attract Air Freight Business: Defining Critical Success Factors for Regional Airports," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Next Generation Supply Chains: Trends and Opportunities. Proceedings of the Hamburg International Conference of Logistics (HICL), Vol. 18, volume 18, pages 273-288, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    6. Martín, Juan Carlos & Rodríguez-Déniz, Héctor & Voltes-Dorta, Augusto, 2013. "Determinants of airport cost flexibility in a context of economic recession," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 57(C), pages 70-84.
    7. Tolga Ülkü & Vahidin Jeleskovic & Jürgen Müller, 2014. "How scale and institutional setting explain the costs of small airports? -An application of spatial regression analysis," MAGKS Papers on Economics 201435, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    8. Voltes-Dorta, Augusto & Pagliari, Romano, 2012. "The impact of recession on airports' cost efficiency," Transport Policy, Elsevier, vol. 24(C), pages 211-222.
    9. Ripoll-Zarraga, Ane Elixabete & Huderek-Glapska, Sonia, 2021. "Airports’ managerial human capital, ownership, and efficiency," Journal of Air Transport Management, Elsevier, vol. 92(C).
    10. Jingjing Hao & Ling Zhang & Xiaofeng Ji & Xiaolong Wu & Lan Liu, 2020. "Investigating the Accessibility between Civil Airports and Tourist Locations in Tourist Cities in Yunnan Province, China," Sustainability, MDPI, vol. 12(10), pages 1-22, May.
    11. Ripoll-Zarraga, Ane Elixabete & Raya, Josep Maria, 2020. "Tourism indicators and airports' technical efficiency," Annals of Tourism Research, Elsevier, vol. 80(C).
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    15. lo Storto, Corrado, 2018. "Ownership structure and the technical, cost, and revenue efficiency of Italian airports," Utilities Policy, Elsevier, vol. 50(C), pages 175-193.

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