Cherchye, Laurens; Kuosmanen, Timo; Post, Thierry - Centrum voor Economische Studiën, Faculteit Economie … - 2000
The axiomatic literature on technical efficiency measurement has drawn attention to the indication problem of the Debreu-Farrell (DF) measure. We follow a shadow price approach to preserve the DF benchmark while reconciling it with the Koopmans efficiency characterization. First, we define a set...