Fuel hedging is a common risk management tool used in the airline industry. But past studies have not addressed the … question of whether fuel hedging creates any benefit to airline operations. This study is the first work that empirically … examines the role of fuel hedging in reducing airlines’ operating costs. Using US airlines data from 2000 through 2012, we …

. Recently, this position has been eroded as a result of increases in labor and land costs, while other emerging countries, such … competitiveness on efficient utilization of resources, both physical and financial. Prior research on the efficiency performance of … dairy farming in NZ is scant and the focus to date has been on technical efficiency, which alone only reveals how well farms …

subsidies relative to total costs. However, we also find that non-subsidized firms perform better in terms of cost efficiency. … implies that they can have harming effects on costs and possibly also on operators' performance. This paper examines the …

The paper compares the efficiency of the European banking systems in view of the constitution of the European Monetary … firms' efficiency. By means of this analysis it is possible to identify the most efficient banking systems and to focus on … the determinants of deviations from cost minimizing. The analysis highlights significant efficiency gaps among the …

This paper examines the impact of endogenous deficit-balancing subsidies on the cost efficiency of local public bus … inefficiency implying that the range of companies’ cost inefficiency increases with the level of subsidies relative to total costs …

This paper analyzes the relation between bank mergers and changes in the concentration and efficiency of the Venezuelan … Banking System during the period 1998-2005. Efficiency was estimated through a stochastic cost frontier model. The … the idea that mergers are associated with concentration increases. However, the stochastic costs frontier model suggested …

The impact of regulation of efforts to minimize costs has been widely discussed, but remains difficult to measure. The … of regulation on efficiency, we use a stochastic cost frontier approach defining the unobservable efficiency of a water … their efficiency scores can be partly explained by the regulatory framework. Copyright Springer Science+Business Media, Inc …

This study examines the cost and profit efficiency of banking sectors in twelve transition economies of Central and …-free approach (DFA). The managerial inefficiencies in CEE banking markets were found to be significant, with average cost efficiency … level for 12 countries of 72% and 77% by the DFA and the SFA, respectively. The alternative profit efficiency levels are …

The purpose of this paper is to quantify the efficiency with which Australian universities utilise their teaching … resources. The study estimates the cost efficiency of 36 universities over the period 1995–2002 using stochastic frontier … analysis. The present study differs from previous cost and efficiency studies of Australian universities in two respects. First …

service processes caused by these busy periods. The costs of peak periods for one mid-size European airline at its main … airport are examined. The case company can cut the costs of ground-handling processes by 30% by applying slightly different … considered in addition to total process costs. …