Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/43828
Title: A stochastic frontier analysis to estimate the relative efficiency of Spanish airports
Authors: Martín Hernández, Juan Carlos 
Román García, Concepción 
Voltes Dorta, Augusto 
UNESCO Clasification: 531212 Transportes y comunicaciones
Keywords: Aeropuertos
Modelos económetricos
Issue Date: 2009
Publisher: 0895-562X
Journal: Journal of Productivity Analysis 
Abstract: There exists a common belief among researchers and regional policy makers that the actual central system of Aeropuertos Españoles y Navegación Aérea (AENA) should be changed to one more decentralized where airport managers could have more autonomy. The main objective of this article is to evaluate the efficiency of the Spanish airports using Markov chain Monte Carlo (MCMC) simulation to estimate a stochastic frontier analysis (SFA) model. Our results show the existence of a significant level of inefficiency in airport operations. Additionally, we provide efficient marginal cost estimates for each airport which also cast some doubts about the current pricing practices.
URI: http://hdl.handle.net/10553/43828
ISSN: 0895-562X
DOI: 10.1007/s11123-008-0126-2
Source: Journal of Productivity Analysis[ISSN 0895-562X],v. 31, p. 163-176
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