Passenger facility charge vs. airport improvement program funds: A dynamic network DEA analysis for U.S. airport financing
| Autor: | Nabin Kafle, Hyosoo Park, Bo Zou, Young-Tae Chang |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Productive efficiency
Finance 050210 logistics & transportation 021103 operations research Dynamic network analysis business.industry 05 social sciences 0211 other engineering and technologies Transportation 02 engineering and technology Airport Improvement Program 0502 economics and business Data envelopment analysis Business and International Management business Civil and Structural Engineering |
| Zdroj: | Transportation Research Part E: Logistics and Transportation Review. 88:76-93 |
| ISSN: | 1366-5545 |
| DOI: | 10.1016/j.tre.2016.02.001 |
| Popis: | Passenger Facility Charge (PFC) and the Airport Improvement Program (AIP) are two major sources to finance U.S. airports. This paper develops a novel dynamic network DEA framework to investigate the substitutability between PFC and AIP funds. We find that the studied U.S. airports can substitute PFC for 8–35% of the current AIP funds and contribute significantly to the proposed plan of the US congress to cut AIP funding. In addition, the amount of PFC-for-AIP funds substitution negatively correlates with the productive efficiency of airports. The findings send an important message for future policy reforms on U.S. airport financing. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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