Ownership Forms Matter for Airport Efficiency: A Stochastic Frontier Investigation of Worldwide Airports

We study the effects of ownership forms on airports’ cost efficiency by applying stochastic frontier analysis to a panel data of the world’s major airports. Our key findings are: (a) Countries considering privatization of airports should transfer majority shares to the private sector; (b) Mixed ownership of airport with a government majority should be avoided in favor of even 100% government owned public firm; (c) U.S. airports operated by port authorities should consider to transfer ownership/management to independent airport authorities; and (d) Privatization of one or more airports in cities with multiple airports would improve the efficiency of all airports.


Issue Date:
2009-03
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/207604
Total Pages:
44




 Record created 2017-04-01, last modified 2017-08-28

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