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An Analysis Of The Efficiency Of Italian Cruise Terminals

Author

Listed:
  • Assunta Di Vaio
  • Francesca Medda
  • Lourdes Trujillo

Abstract

The cruise industry has recently witnessed considerable growth, during which time the Mediterranean Basin and, in particular, the Italian area has gained an increasingly competitive position. A significant role in the investment and management decisions and in the level of efficiency and performance of terminal cruise operations is played by the possible partnerships between private and public actors (port authorities, cruise terminals, cruise line companies). The aim of this paper is to measure the technical efficiency of Italian cruise terminals in the Mediterranean Basin when public and private actors participate in the management of terminals. Cruise terminal efficiency is measured by the calculation of the production function with multioutputs. We apply stochastic frontier analysis based on the distance function. The study shows that the partnership between private and public (with a strong private management component) has a positive impact on the technical efficiency of the cruise terminals.

Suggested Citation

  • Assunta Di Vaio & Francesca Medda & Lourdes Trujillo, 2011. "An Analysis Of The Efficiency Of Italian Cruise Terminals," Articles, International Journal of Transport Economics, vol. 38(1).
    • Handle: RePEc:jte:journl:2011:1:38:2
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    Citations

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    Cited by:

    1. Ales S. Berk & Dejan Podhraski, 2018. "Superiority of Monte Carlo simulation in valuing real options within public–private partnerships," Risk Management, Palgrave Macmillan, vol. 20(1), pages 1-28, February.
    2. D. E. Onwuegbuchunam, 2018. "Assessing Port Governance, Devolution and Terminal Performance in Nigeria," Logistics, MDPI, vol. 2(1), pages 1-16, February.
    3. Assunta Di Vaio & Flavio Boccia & Lourdes Trujillo, 2020. "The cooperation strategies for the performance improvement in the cruise sea–land logistics: evidence from Italy," Quality & Quantity: International Journal of Methodology, Springer, vol. 54(5), pages 1479-1490, December.
    4. Tsakiridis, Andreas & Mateo-Mantecón, Ingrid & O'Connor, Eamonn & Hynes, Stephen & O'Donoghue, Cathal, 2021. "Efficiency benchmarking of Irish and North Atlantic Spanish ports: Implications for blue growth," Utilities Policy, Elsevier, vol. 72(C).
    5. Athanasios A. Pallis & Francesco Parola & Giovanni Satta & Theo E. Notteboom, 2018. "Private entry in cruise terminal operations in the Mediterranean Sea," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 20(1), pages 1-28, March.
    6. Castillo-Manzano, José I. & Castro-Nuño, Mercedes & González-Laxe, Fernando & Pedregal, Diego J., 2018. "Legal reform and the devolution of the Spanish Port System: An econometric assessment," Utilities Policy, Elsevier, vol. 50(C), pages 73-82.
    7. Vivien Lorenčič & Elen Twrdy & Marjan Lep, 2022. "Cruise Port Performance Evaluation in the Context of Port Authority: An MCDA Approach," Sustainability, MDPI, vol. 14(7), pages 1-23, March.
    8. Lara Penco & Giorgia Profumo, 2016. "Merger&Acquisitions (M&As) e alliances delle imprese crocieristiche: un?analisi delle determinanti strategiche," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2016(2), pages 237-264.

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