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In this paper, we examine how empirical production frontiers may contribute to the incentives of production units. We consider a series of Data Envelopment Analysis (DEA) frontiers, and we show when these may be incentive efficient in the sense that they contain all the information that are...
Persistent link: https://www.econbiz.de/10009214306
In this paper we characterize the smallest production possibility set that contains a specified set of (input, output) combinations. In accordance with neoclassical production economics, this possibility set has convex projections into the input and output spaces (convex isoquants), and it...
Persistent link: https://www.econbiz.de/10009218096
We analyse how to design incentive schemes for agents producing information. The agents may, for example, be divisional managers, market researchers, OR consultants, financial analysts, corporate auditors, research scientists or political pollsters. We show that an agent should be compensated...
Persistent link: https://www.econbiz.de/10009204064
In a recent paper, Petersen (Petersen, N. C. 1990. Data envelopment analysis on a relaxed set of assumptions. Management Sci. 36 305--314.) proposed to relax the convexity assumptions invoked in traditional Data Envelopment Analysis (DEA). Unfortunately, the new approach is not consistent with...
Persistent link: https://www.econbiz.de/10009204482