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Are Multi-Resort Ski Conglomerates More Efficient?

Martin Falk
Managerial and Decision Economics
Vol. 30, No. 8 (Dec., 2009), pp. 529-538
Published by: Wiley
Stable URL: http://www.jstor.org/stable/27735459
Page Count: 10
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Are Multi-Resort Ski Conglomerates More Efficient?
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Abstract

This paper compares the efficiency of large ski resort conglomerates with independent ski resorts using data on four countries (Canada, France, United States, Switzerland). Using the stochastic frontier production approach, I find that ski resorts that are owned and managed by the Intrawest group are significantly more efficient than independent ski resorts. The efficiency gap is about nine percentage points on average. The remaining ski resort conglomerates (American Skiing, Vail Resorts Inc., and Compagnie des Alpes SA) do not operate more efficiently than independent ski resorts.

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