Input Measures of Technical Efficiency: An Axiomatization
Several axioms have been proposed for the axiomatization of input measures of technical efficiency. In this paper our primary concern is the Färe-Lovell efficiency measure. It is shown that this measure can be characterized by a set of five independent axioms.
Year of publication: |
1991-12
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Authors: | Christensen, Flemming ; Hougaard, Jens Leth |
Institutions: | Økonomisk Institut, Københavns Universitet |
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