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Author:Barros, C. P.
Matias, A.
Title:Assessing the efficiency of travel agencies with a stochastic cost frontier: a Portuguese case study
Journal:International Journal of Tourism Research
2006 : VOL. 8:5, p. 367-379
Index terms:Portugal
Freeterms:travel agencies
Cobb-Douglas cost frontier model
technical efficiency
Language:eng
Abstract:This paper uses an econometric frontier model to evaluate technical efficiency of a sample of Portuguese travel agencies. The model encompasses a Cobb-Douglas cost frontier approach, and makes use of financial variables to generate the travel agencies' efficiency scores. It is concluded that the efficiency scores are, at best, mixed. A policy is then derived for guiding management teams, as far as this specific sector is concerned.
SCIMA record nr: 264238
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