A Bayesian non-parametric stochastic frontier model

Assaf, A. George; Tsionas, Efthymios G.; Köck, Florian; Josiassen, Alexander

doi:10.1016/j.annals.2020.103116

Cited by 14 publications

(3 citation statements)

References 39 publications

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“…Townhouse and Cottage). This phenomenon was also observed in other empirical findings for the hotel industry (Assaf et al, 2021) and can be explained through the existence of agglomerative effects which benefit low-priced lodgings. Moreover, P2P accommodation takes advantage of previous developments undertaken by the traditional accommodation industry and its creation of a consolidated demand in the tourist area, avoiding the need for investment to attract tourists to the new supply.…”

Section: Discussionsupporting

confidence: 82%

The effect of type of lodging and professionalism on the efficiency of P2P accommodation

Pérez‐Rodríguez

Hernández

2022

Tourism Economics

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This paper analyses the effect of the different levels of hosts’ professionalism (single and multi-unit host) and accommodation types on the time-varying technical efficiency of P2P accommodation. To do this, we employ a panel data stochastic frontier model which disentangles time-varying efficiency from unobserved heterogeneity. We use a database from Airbnb listings for the Canary Islands (Spain) from January 2019 to September 2020, including the lockdown period due to the Covid-19 pandemic. The results indicate that the lowest priced lodgings are the most efficient accommodation type and that properties managed by single-unit hosts are more efficient than those managed by multi-unit hosts. These results are theoretically founded on the existence of positive agglomeration effects in the hospitality industry.

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Section: Discussionsupporting

confidence: 82%

The effect of type of lodging and professionalism on the efficiency of P2P accommodation

Pérez‐Rodríguez

Hernández

2022

Tourism Economics

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“…The data is balanced and cover the period 2013-2017. In line with the literature (Assaf and Tsionas, 2018, Assaf et al 2020, Assaf et al, 2021, for outputs, we use the following variables: total room revenue, total other operated revenue and occupancy rate. For inputs, we use total room expenses, total other operated department expenses, total administrative and general (A&G) expenses, total marketing expenses, total utility expenses, and total property and maintenance (POM) expenses.…”

Section: Data and Empirical Resultsmentioning

confidence: 99%

Measuring managerial ability in the hotel industry

Tsionas

Assaf

Köck

2022

International Journal of Hospitality Management

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“…In this model, the maximum likelihood estimation method is used to estimate the parameters to obtain the efficiency estimation results. Current studies mainly use the Bayesian method (Assaf et al , 2021) and random simulation methods to estimate the parameters.…”

Section: Literature Reviewmentioning

confidence: 99%

Evaluation of the integration of industrialization and information-based entropy AHP–cross-efficiency DEA model

Zhu

Wan

Zhao

et al. 2023

CMS

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Purpose The purpose of this paper is to provide scientific guidance for the integration of industrialization and information (TIOII). In recent years, TIOII has promoted the development of intelligent manufacturing in China. However, many enterprises blindly invest in TIOII, which affects their normal production and operation. Design/methodology/approach This study establishes an efficiency evaluation model for TIOII. In this paper, entropy analytic hierarchy process (AHP) constraint cone and cross-efficiency are added based on traditional data envelopment analysis (DEA) model, and entropy AHP–cross-efficiency DEA model is proposed. Then, statistical analysis is carried out on the integration efficiency of enterprises in Guangzhou using cross-sectional data, and the traditional DEA model and entropy AHP–cross-efficiency DEA model are used to analyze the integration efficiency of enterprises. Findings The data show that the efficiency of enterprise integration is at a medium level in Guangzhou. The efficiency of enterprise integration has no significant relationship with enterprise size and production type but has a low negative correlation with the development level of enterprise integration. In addition, the improved DEA model can better reflect the real integration efficiency of enterprises and obtain complete ranking results. Originality/value By adding the entropy AHP constraint cone and cross-efficiency, the traditional DEA model is improved. The improved DEA model can better reflect the real efficiency of TIOII and obtain complete ranking results.

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A Bayesian non-parametric stochastic frontier model

Cited by 14 publications

References 39 publications

The effect of type of lodging and professionalism on the efficiency of P2P accommodation

The effect of type of lodging and professionalism on the efficiency of P2P accommodation

Measuring managerial ability in the hotel industry

Evaluation of the integration of industrialization and information-based entropy AHP–cross-efficiency DEA model

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