The Measurement of Efficiency of UK Airports using a Stochastic Latent Frontier Model
JOURNAL
YEAR
Sep 21, 2009
TYPE
Articles in journals
AUTHORS
Barros, C.
VOL Nº
29
PAGES
19
ABSTRACT
In this paper, the latent stochastic frontier model is used to estimate the technical efficiency of UK airports. These airports are ranked according to their technical efficiency for the period 2000-2006 and the airports are disentangled and segmented by the cost frontier model, which leads us to advise the implementation of policies by segments. Economic implications arising from the study are also considered.
JEL CLASS
KEYWORDS
Airports,UK,Efficiency,Latent frontier model,Policy implications,