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We provide an axiomatic foundation for efficiency measurement in the full space, referred to as "graph efficiency" measurement by Färe, Grosskopf, and Lovell [1985]. We posit four types of axioms: indication, monotonicity, independence of units of measurement, and continuity. We analyze six...
Persistent link: https://www.econbiz.de/10014046424
Research on productive efficiency at the firm level has developed as an important and active strand of research the last decades, both within operations research, management science and economics. However, the interests pursued within the fields have had some differences regarding sound...
Persistent link: https://www.econbiz.de/10010530534
This paper briefly reviews the existing methods of capacity utilization in nonparametric framework from economic perspectives, and then suggests an alternative in the light of limitations therein. In the spirit of work by Coelli et al. [Coelli, T.J., Grifell-Tatje, E., Perelman, S., 2002....
Persistent link: https://www.econbiz.de/10013097880
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
This article provides a generalization of the materials balance-based production model introduced by Coelli et al. (2007). Based on this, some new environmental efficiency (EE) measures are presented. The Coelli et al. (2007) EE measure and its extension by Rødseth (2016) produce biased...
Persistent link: https://www.econbiz.de/10012606693
Agricultural inputs are peculiar in nature as an asymmetry in their roles can be identified during the production process. These inputs can be grouped into a set of growth inputs or a set of facilitating inputs. The inputs affecting biological or physiological growth from the inside of the plant...
Persistent link: https://www.econbiz.de/10012814364
banking sector applying different scientific methods. Nonparametric or parametric techniques, such as DEA with the Malmquist …
Persistent link: https://www.econbiz.de/10012178843
There are increasing concerns about how increase in congestion can adversely affect output as well as about the relative benefit-cost ratio or return on investment associated with alternative projects or policies to address those problems. Regardless of what policy strategies are used to address...
Persistent link: https://www.econbiz.de/10014163689
some valuable progress has been made exploring the economic theory underlying DEA models, these developments have remained … in their infancy and have not found enough application. An attempt is made here to examine the DEA model of efficiency …-stage production processes makes the technology structure non-convex, and therefore, the standard convex DEA production models (e …
Persistent link: https://www.econbiz.de/10014163690
of rapid capacity addition in the early 1990s coupled with the recession in the steel sector. Though our DEA results on …
Persistent link: https://www.econbiz.de/10014163691