Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

Loughborough University Institutional Repository

Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/420

Title: European Airlines: a Stochastic DEA study of efficiency with market liberalisation
Authors: Fethi, Meryem D.
Jackson, Peter M.
Weyman-Jones, Thomas G.
Keywords: liberalisation
stochastic DEA
airlines
Issue Date: 2001
Abstract: Stochastic DEA constructs production frontiers that incorporate both inefficiency and stochastic error. This results in a closer envelopment of the mean performance of the companies in the sample and diminishes the effect of extreme outliers. We use the Land, Lovell and Thore (1993) model incorporating information on the covariance structure of inputs and outputs to study efficiency across a panel of 17 European airlines in the 1990s during the early phase of liberalisation. After allowing for stochastic error in computing the relative efficiencies we conclude that the airlines that were efficient in 1995 resembled those that were efficient in 1993 but not those in 1991. The airlines that were efficient in 1995 were the larger companies.
Description: Economics Research Paper, no.01-04
URI: https://dspace.lboro.ac.uk/2134/420
Appears in Collections:Working Papers (Economics)

Files associated with this item:

File Description SizeFormat
01-04.pdf116.87 kBAdobe PDFView/Open

 

SFX Query

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.