In this paper, the random stochastic frontier model is used to estimate the technical efficiency of Japanese airports, with regulation and heterogeneity included in the variables. The airports are ranked according to their productivity for the period 1987-2005 and homogeneous and heterogeneous variables in the cost function are disentangled. Policy implications are derived.
|Number of pages||12|
|Journal||Pacific Economic Review|
|Publication status||Published - Dec 1 2010|
All Science Journal Classification (ASJC) codes
- Economics and Econometrics