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

Kuosmanen, Timo - 2007

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/10012731720

Stochastic Nonparametric Envelopment of Data : Combining Virtues of Sfa and DEA in a Unified Framework

Kuosmanen, Timo - 2006

Analysis (SFA) and nonparametric Data Envelopment Analysis (DEA). This paper attempts to combine the virtues of both approaches … nonparametric route of DEA that only imposes free disposability, convexity, and some specification of returns to scale. From the … the data. The resulting function will always take a piece-wise linear form analogous to the DEA frontiers. We discuss the …

Persistent link: https://www.econbiz.de/10014057860

On the Anatomy of Productivity Growth: A Decomposition of the Fisher Ideal TFP Index

Kuosmanen, Timo; Sipiläinen, Timo - EconWPA - 2004

Decompositions of productivity indices contribute to our understanding of what drives the observed productivity changes by providing a detailed picture of their constituents. This paper presents the most comprehensive decomposition of total factor productivity (TFP) to date. Starting from the...

Persistent link: https://www.econbiz.de/10005556263

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

Measuring Eco-efficiency of Production: A Frontier Approach

Kortelainen, Mika; Kuosmanen, Timo - EconWPA - 2004

Eco-efficiency of production is an important concept both from the viewpoint of society and business community; but as yet, there is no unambiguous way to its measurement. The purpose of this paper is to present a general measurement framework based on production theory and the activity analysis...

Persistent link: https://www.econbiz.de/10005119199

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

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

Data Envelopment Analysis in Environmental Valuation: Environmental Performance, Eco-efficiency and Cost-Benefit Analysis

Kuosmanen, Timo; Kortelainen, Mika - EconWPA - 2004

Data Envelopment Analysis (DEA) is a linear programming based method for evaluating performance of comparable … environmental economics and related fields remains limited. The purpose of this paper is to present basic principles of DEA and … evaluate its application possibilities for a range of environmental valuation problems. We show how DEA has to be adjusted to …

Persistent link: https://www.econbiz.de/10005556149

Stochastic Semi-Nonparametric Efficiency Analysis of Electricity Distribution Networks : Application of the StoNED Method in the Finnish Regulatory Model

Kuosmanen, Timo - 2011

envelopment analysis (DEA) and stochastic frontier analysis (SFA) methods. This paper reports the main results of the research …. The key objectives of the project were to integrate a stochastic SFA-style noise term to the nonparametric, axiomatic DEA … regulator is replacing the currently used DEA and SFA methods by the StoNED method …

Persistent link: https://www.econbiz.de/10014183631