Journal
TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE
Volume 62, Issue -, Pages 39-53Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.tra.2014.02.008
Keywords
Airport policy; Directional distance function; Airport technical efficiency; Noise; Pollution; Airport delays
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This paper analyses the efficiency of 44 US airports for the period 2005-2009. In addition to the conventional outputs (i.e., passengers, flights and cargo), we consider three undesirable externalities of airport activities: delays, noise and local air pollution. We adopt a directional distance function approach and perform a second stage analysis to investigate potential determinants of efficiency. Our base case results with only the positive outputs show that the greater the average aircraft size serving an airport and the larger the dimensions of the airport, the higher the technical efficiency. However, our results are sensitive to the inclusion of the undesirable outputs. The implications are that the inclusion of these externalities into the calculation of efficiency may impact policy decisions. (C) 2014 Elsevier Ltd. All rights reserved.
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