Competition and efficiency in the Italian airport system: new insights from a conditional nonparametric frontier analysis |
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| Institution: | 1. Department of Economics, Management and Business Law, University of Bari Aldo Moro, Largo Abbazia S. Scolastica, 53, 70124 Bari, Italy;2. Centre for Air Transport Management, Cranfield University, University Way, Cranfield, Bedfordshire MK43 0TR, UK;1. Vianair Inc., 3511 Silverside Rd, Ste 105, DE 19810, USA;2. Center for Transport Studies, Department of Civil and Environmental Engineering, Imperial College London, London SW7 2AZ, UK |
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| Abstract: | We analyse the effect of competition on technical efficiency of Italian airports by applying a novel conditional nonparametric frontier analysis for the first time to the airport industry. We find that competition affects mostly the frontier of best performers, whilst airports that are lagging behind are less influenced. A novel two stage approach shows that, on average, competition has a negative impact on technical efficiency. We estimate a measure of pure efficiency, whitened from the main effect of the competition, whose distribution has a bi-modal shape, indicating the existence of two differently managed groups of airports. |
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| Keywords: | Italian airports Competition DEA Conditional efficiency Two-stage analysis |
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