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...

Set in the airport industry, this paper measures firm performance using both desirable and bad outputs (i.e. airport delays). We first estimate a model that does not include the bad outputs and then a model that includes bad outputs. The results show important differences in the efficiency and...

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...

In this paper, we apply insights from the economics of franchise contracts to the governance of airports and the evolution of airport policy in Canada. Some aspects of the devolution of airports in Canada could be consistent with a ‘public franchise’ approach to airport policy. An...

In this paper, the sources of competitive advantage of low-cost carriers such as Southwest, Ryanair and easyJet are identified. Many have looked to these carriers’ operational efficiency as their source of advantage, but the choice of business model with point-to-point service provides...

The paper examines the strategic vertical relationship between network and regional airlines. We develop a model to illustrate how network airlines can use the contractual relationship with regional airlines as an efficient tool to simultaneously drive out inefficient network airlines and also...

We study a profit-maximising airport under one- and two-sided market structures. Our analysis reveals that the airport management will choose the welfare maximising price structure based on market characteristics and demand complementarity. We find that, in contrast with the traditional...

Bringing together insights and perspectives from close to 70 of the world’s leading experts in the field, this timely Handbook provides an up-to-date guide to the most recent and state-of-the-art advances in transport economics. The comprehensive coverage includes topics such as the...