This study analyses the cost-efficiency of Nigerian banks pre and post the consolidation period. The researchers account for bank heterogeneity using the Bayesian random frontier model, which in this context provides a better fit than the traditional stochastic frontier model. From the...

This paper analyzes the impact of vertical integration, age, geographic expansion, and low price strategy on the cost efficiency of retail stores. We test our hypotheses using the innovative Bayesian frontier methodology. The data involve a sample of Spanish retail stores that operate in a...

This paper analyzes the cost efficiency of UK airports over the period 1998–2008, using a Bayesian dynamic frontier model. This model provides a more structural explanation for the variation in airports inefficiency than has been presented by previous models, and also allows for cost...

Since the National Health Insurance Scheme (NHIS) was established in Nigeria, in 1999, not much study has been carried out to investigate whether access to quality health care has improved as a result of the introduction of the scheme. Using primary data from Lagos, this study applies logistic...

Purpose: This paper aims to serve as an important guide for more rigorous quantitative research in tourism and hospitality. Design/methodology/approach: This paper relies on comments from several methodological experts in the field, as well as the authors’ main observation of the literature....

Purpose: This paper aims to foster a new discussion on endogeneity in hospitality and tourism research. Design/methodology/approach: This paper elaborates on some of the common sources of endogeneity and the methods available to address them. Findings: The authors present a variety of methods...

Purpose: This paper aims to focus on addressing endogeneity using instrument-free methods. The authors discuss some extensions to well-known techniques. Design/methodology/approach: This paper discusses some attractive methods to address endogeneity without the need for instruments. The methods...

Purpose: This paper aims to present several Bayesian specification tests for both in- and out-of-sample situations. Design/methodology/approach: The authors focus on the Bayesian equivalents of the frequentist approach for testing heteroskedasticity, autocorrelation and functional form...

The paper introduces a new dynamic frontier model that is used to analyze the impact of both ownership and regulation on airport technical and allocative efficiencies. We differentiate between the short and long-term effects. Based on a large sample of international airports, we find in the...

This paper examines the performance of European banks during the pre-crisis and post-crisis periods, both in terms of technical and allocative efficiencies. We use an innovative Bayesian dynamic frontier model that: (1) distinguishes between short-run and long-run performance; and (2) provides...