RT info:eu-repo/semantics/article
T1 Technological heterogeneity and hotel efficiency: A Bayesian approach
A1 Arbelo Pérez, Marta
A1 Arbelo Álvarez, Antonio Manuel
A1 Pérez Gómez, María del Pilar
A2 Dirección de Empresas e Historia Económica
A2 Grupo de investigación: Eficiencia y ventaja competitiva.
Instituto de investigación: Instituto Universitario de la Empresa (IUDE).
K1 profit efficiency
K1 technological heterogeneity
K1 Bayesian approach
K1 hotel industry
AB Hotel efficiency has traditionally been estimated assuming that all hotels use the same production technology. However, in practice, hotels have different technologies, and ignoring this reality can lead to an overestimation of inefficiency in the sector. This article relaxes this assumption and estimates efficiency in the hotel industry using a stochastic frontier model with random coefficients. This methodology allows us to separate firm-specific inefficiencies from potential technological heterogeneity across hotels. The empirical results indicate that the estimated efficiencies differ between the random coefficients model and the fixed coefficients model. These findings support our thesis of technological heterogeneity across hotels.
YR 2020
FD 2020
LK http://riull.ull.es/xmlui/handle/915/38732
UL http://riull.ull.es/xmlui/handle/915/38732
LA en
DS Repositorio institucional de la Universidad de La Laguna
RD 19-nov-2024