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The modelling of the interaction between production activities and the natural environment requires formulating a multioutput production function for intended and unintended outputs. The key feature when modelling joint production of intended outputs and unintended residuals is that the latter...
Persistent link: https://www.econbiz.de/10011440412
The ratio definition of efficiency has the form of a productivity measure. But the weights are endogenous variables and they do not function as weights in a productivity index proper. It is shown that extended Farrell measures of efficiency can all be given an interpretation as productivity...
Persistent link: https://www.econbiz.de/10011333654
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Technical change in general milk processing is estimated within a homothetic frontier production function allowing neutrally variable scale elasticity. The results show that technical progress is characterized by a rapid increase in optimal scale and a small capital saving bias, increasing the...
Persistent link: https://www.econbiz.de/10010818381
This paper is concerned with the measurement of productive efficiency. Farrell's measures of efficiency are generalized to nonhomogeneous production functions. Several new measures of efficiency have been introduced and applied to the Swedish milk processing industry. The empirical analysis is...
Persistent link: https://www.econbiz.de/10010818544
Technical change in general milk processing is estimated within a homothetic frontier production function allowing neutrally variable scale elasticity. The results show that technical progress is characterized by a rapid increase in optimal scale and a small capital saving bias, increasing the...
Persistent link: https://www.econbiz.de/10010335033
This paper is concerned with the measurement of productive efficiency. Farrell's measures of efficiency are generalized to nonhomogeneous production functions. Several new measures of efficiency have been introduced and applied to the Swedish milk processing industry. The empirical analysis is...
Persistent link: https://www.econbiz.de/10010335098