Persistent and Transient Efficiency of International Airlines
Abstract
This paper examines the efficiency of international airlines for the period 1998-2012 by using stochastic frontier panel data models. It estimates a four-component random error cost model for multi-output airline services, separating passenger and goods transportation at the national and international levels. The model distinguishes between firm heterogeneity, time-invariant persistent inefficiency, as well as transient (time-variant)...
Paper Details
Title
Persistent and Transient Efficiency of International Airlines
Published Date
Sep 30, 2016
Journal
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