Benchmark Selection: An Axiomatic Approach

Within a production theoretic framework, this paper considers an axiomatic approach to benchmark selection. It is shown that two simple and weak axioms: efficiency and comprehensive monotonicity characterize a natural family of benchmarks which typically becomes unique. Further axioms are added in order to obtain a unique selection.

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Year of publication:	2001-02
Authors:	Hougaard, Jens Leth ; Tvede, Mich
Institutions:	Økonomisk Institut, Københavns Universitet
Subject:	Benchmarking \| Production Economics \| Selection

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	German
Notes:	Number 01-06 20 pages
Classification:	C6 - Mathematical Methods and Programming ; D2 - Production and Organizations ; L2 - Firm Objectives, Organization, and Behavior ; M2 - Business Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005749542