Technical efficiency of UK airports |
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Authors: | Carlos Pestana Barros |
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Affiliation: | aInstituto de Economia e Gestão, Technical University of Lisbon, Rua Miguel Lupi, 20, 1249-078 Lisbon, Portugal |
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Abstract: | In this paper, the random stochastic frontier model is used to estimate the technical efficiency of UK airports. The airports are ranked according to their productivity for the period 2000–2005 and homogenous and heterogeneous variables in the cost function are disentangled. These changes the ranking of the efficiency of UK airports compared to more conventional measures. |
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Keywords: | Airports Efficiency Random frontier models Policy implications |
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