Wang, Yuntong; Reisman, Arnold; Oral, Muhittin; … - 2004
This paper relates the classical Charnes, Cooper and Rhodes' (CCR) model in Data Envelopment Analysis (DEA) to the Weak Axiom of Profit Maximization (WAPM) in Firm Theory. Varian's (1990) firm theory analysis is extended from a single firm to multiple firms. This allows deriving the classical...