The Federal Aviation Administration (FAA) seeks to prevent the nation's aviation system from becoming congested. To reduce delays, the FAA makes investments in air traffic control. We assess the efficacy of these investments by developing an empirical model of delays that is motivated by air...

We study the effects of ownership forms on airports' cost efficiency by applying stochastic frontier analysis to a panel data of the world's major airports. Our key findings are: (a) Countries considering privatization of airports should transfer majority shares to the private sector; (b) Mixed...