Ownership forms matter for airport efficiency: A stochastic frontier investigation of worldwide airports

@inproceedings{Oum2008OwnershipFM,
  title={Ownership forms matter for airport efficiency: A stochastic frontier investigation of worldwide airports},
  author={Tae Hoon Oum and Jia Yan and Chunyan Yu},
  year={2008}
}
We study the effects of ownership forms on airports’ cost efficiency by applying stochastic frontier analysis to a panel data of the world’s major airports. Our key findings are: (a) Countries considering privatization of airports should transfer majority shares to the private sector; (b) Mixed ownership of airport with a government majority should be avoided in favor of even 100% government owned public firm; (c) US airports operated by port authorities should consider to transfer ownership… CONTINUE READING
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