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This paper develops two cost decompositions based on the multiplicative and additive Russell efficiency measurement … decomposition we develop in this paper incorporates slacks directly so that efficiency is measured relative to the efficient subset …
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We develop a new indicator of profit inefficiency, which is based on decision-makers choosing the amount to spend on each input and the amount to earn on each output, rather than choosing physical quantities of inputs and outputs. The method is suitable for situations when prices and quantities...
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