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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...
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The effect of aggregation on estimates of stochastic frontier functions is considered. Inefficiency is assumed … work that does not consider the effect of aggregation will attribute the inefficiency of large firms to diseconomies of …
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