Bayesian cost efficiency of Luanda, Angola hotels
This paper analyses the cost efficiency of Angola-Luanda hotels using a Bayesian stochastic frontier model. The results confirm that Luanda hotels have increased their cost efficiency over the period of study to reach an overall average of 67.11%. Results from the returns to scale also indicate that further improvements in efficiency are possible if Luanda hotels would increase the size and scale of their operations. Policy implications of the results are derived.
Year of publication: |
2009
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Authors: | Assaf, A. George ; Barros, C. |
Published in: |
The Service Industries Journal. - Taylor & Francis Journals, ISSN 0264-2069. - Vol. 31.2009, 9, p. 1549-1559
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Publisher: |
Taylor & Francis Journals |
Saved in:
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