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Bootstrapped scale efficiency measures of UK airports
Authors:A Assaf
Institution:Centre for Tourism and Services Research, Victoria University, PO Box 14428 MCMC, Melbourne, Victoria 8001, Australia
Abstract:This paper introduces the bootstrapping methodology to analyse and test the scale efficiency of airports. The results from a sample of 27 small and large UK airports indicate that most large airports are scale efficient or operating in a region of decreasing returns to scale, while most small airports are operating in a region of increasing returns to scale. We relate the results to the current industry trends and provide directions for future research.
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