Bootstrapped scale efficiency measures of UK airports |
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Authors: | A Assaf |
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Institution: | Centre for Tourism and Services Research, Victoria University, PO Box 14428 MCMC, Melbourne, Victoria 8001, Australia |
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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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