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The economic meaning of Data Envelopment Analysis: A ‘behavioral’ perspective

Cherchye, Laurens; De Rock, Bram; Hennebel, Veerle - In: Socio-Economic Planning Sciences 48 (2014) 1, pp. 29-37

We reconsider the motivation of Data Envelopment Analysis (DEA), the non-parametric technique that is widely employed … conventional engineering motivation of DEA can be problematic since it often builds on unverifiable production axioms. We then … provide a dual viewpoint and highlight the ‘behavioral’ interpretation of DEA models. We start from a specification of the …

Persistent link: https://www.econbiz.de/10010744359

The Economic Meaning of Data Envelopment Analysis: a "Behavioral" Perspective

De Rock, Bram; Cherchye, Laurens - European Centre for Advanced Research in Economics and … - 2013

We reconsider the motivation of Data Envelopment Analysis (DEA), the non-parametrictechnique that is widely employed … conventional engineering motivationof DEA can be problematic since it often builds on unverifiable production axioms. Wethen … provide a dual viewpoint and highlight the `behavioral' interpretation of DEA models.We start from a specification of the …

Persistent link: https://www.econbiz.de/10010826348

Benchmarking sustainable development: A synthetic meta-index approach

Cherchye, Laurens; Kuosmanen, Timo - 2004

The need for monitoring countries’ overall performance in sustainable development (SD) is widely recognized, but the methods for aggregating vast amounts of empirical data remain rather crude. This paper examines the so-called ‘benefit of doubt’ weighting method as a tool for identifying...

Persistent link: https://www.econbiz.de/10010284879

Benchmarking Sustainable Development: A Synthetic Meta-index Approach

Cherchye, Laurens; Kuosmanen, Timo - EconWPA - 2002

The need for monitoring countries’ overall performance in Sustainable Development (SD) is widely recognized, but the methods for aggregating vast amounts of empirical data remain rather crude. This paper examines the so-called ‘benefit-of-the-doubt’ weighting method as a tool for...

Persistent link: https://www.econbiz.de/10005556153

On Research Efficiency: A Micro-Analysis of Dutch University Research in Economics and Business Management

Cherchye, Laurens; Abeele, Piet Vanden - Centrum voor Economische Studiën, Faculteit Economie … - 2002

We argue that efficiency assessments of academic research should focus on micro-units of research production rather than on conventionally employed (aggregated) macro-units, and show that such a detailed analysis of research performance provides interesting insights. In addition, we propose a...

Persistent link: https://www.econbiz.de/10005770833

Nonparametric tests of optimizing behavior in public service provision: Methodology and an application to local safety

Cherchye, Laurens; Borger, Bruno De; Puyenbroeck, Tom Van - Centrum voor Economische Studiën, Faculteit Economie … - 2004

We develop a positive non-parametric model of public sector production that allows us to test whether an implicit procedure of cost minimization at shadow prices can rationalize the outcomes of public sector activities. The basic model focuses on multiple C-outputs and does not imply any...

Persistent link: https://www.econbiz.de/10005770834

The Law of One Price in Data Envelopment Analysis: Restricting Weight Flexibility Across Firms

Kuosmanen, Timo; Cherchye, Laurens; Sipiläinen, Timo - EconWPA - 2003

thus far. This paper shows how LoOP-based weight restrictions can be incorporated in Data Envelopment Analysis (DEA …-specific output weights and variable returns-to-scale, and preserves the linear programming structure of the standard DEA. We apply … deepening the DEA analysis. …

Persistent link: https://www.econbiz.de/10005413250

Firm and Industry Level Profit Efficiency Analysis Under Incomplete Price Data: A Nonparametric Approach based on Absolute and Uniform Shadow Prices

Kuosmanen, Timo; Kortelainen, Mika; Sipiläinen, Timo; … - EconWPA - 2005

We discuss the nonparametric approach to profit efficiency analysis at the firm and industry levels in the absence of complete price information, and propose two new insights. First, choosing one commodity (whose price is known) as a numeraire good enables us to measure profit inefficiency in...

Persistent link: https://www.econbiz.de/10005413294

The empirical content of Cournot competition

Cherchye, Laurens; Demuynck, Thomas; De Rock, Bram - In: Journal of Economic Theory 148 (2013) 4, pp. 1552-1581

We consider the testable implications of the Cournot model of market competition. Our approach is nonparametric in the sense that we abstain from imposing any functional specification on market demand and firm cost functions. We derive necessary and sufficient conditions for (reduced form)...

Persistent link: https://www.econbiz.de/10010678868

Technical and Economic Efficiency Measures under Short Run Profit Maximizing Behavior

Cherchye, Laurens; Kuosmanen, Timo; Leleu, Hervé - Institut de Recherche Économique et Sociale (IRES), … - 2010

The duality between measures of economic and technical efficiency has been extensively studied in the productive efficiency analysis. This duality ensures a meaningful interpretation of technical efficiency as economic efficiency evaluated at the most favourable shadow prices. This paper...

Persistent link: https://www.econbiz.de/10010540104