Deng, Yaguo; Veiga, Helena; Wiper, Michael P. - In: SERIEs - Journal of the Spanish Economic Association 10 (2019) 2, pp. 115-139
is to compare the relative efficiency of hotel chains operating in Spain. To do this, we have designed a stochastic … frontier model to measure revenue efficiency as a function of various different inputs such as total staff or number of rooms … proportion of hotels in the chain with three stars or fewer, into the efficiency term of the stochastic frontier model. Our …