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TECHNICAL EFFICIENCY, REGULATION AND HETEROGENEITY IN JAPANESE AIRPORTS
Author(s) -
Barros Carlos Pestana,
Managi Shunsuke,
Yoshida Yuichiro
Publication year - 2010
Publication title -
pacific economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.34
H-Index - 33
eISSN - 1468-0106
pISSN - 1361-374X
DOI - 10.1111/j.1468-0106.2010.00524.x
Subject(s) - homogeneous , economics , frontier , econometrics , productivity , function (biology) , stochastic frontier analysis , microeconomics , macroeconomics , mathematics , production (economics) , geography , archaeology , combinatorics , evolutionary biology , biology
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.