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Operational performance of low-cost carriers and international airlines : New evidence using a bootstrap truncated regression

Lee, Boon L. & Worthington, Andrew C. (2011) Operational performance of low-cost carriers and international airlines : New evidence using a bootstrap truncated regression. [Working Paper] (Submitted (not yet accepted for publication))

Abstract

Between 2001 and 2005, the US airline industry faced financial turmoil. At the same time, the European airline industry entered a period of substantive deregulation. This period witnessed opportunities for low-cost carriers to become more competitive in the market as a result of these combined events. To help assess airline performance in the aftermath of these events, this paper provides new evidence of technical efficiency for 42 national and international airlines in 2006 using the data envelopment analysis (DEA) bootstrap approach first proposed by Simar and Wilson (J Econ, 136:31-64, 2007). In the first stage, technical efficiency scores are estimated using a bootstrap DEA model. In the second stage, a truncated regression is employed to quantify the economic drivers underlying measured technical efficiency. The results highlight the key role played by non-discretionary inputs in measures of airline technical efficiency.

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ID Code: 46126
Item Type: Working Paper
Keywords: Data envelopment analysis, efficiency, airlines, bootstrap truncated regression, non-discretionary inputs
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Transport Economics (140217)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Copyright Owner: Copyright 2011 Please contact the authors.
Deposited On: 26 Sep 2011 09:03
Last Modified: 27 Sep 2011 06:27

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