NONPARAMETRIC TECHNICAL EFFICIENCY WITH K FIRMS, N INPUTS, AND M OUTPUTS: A SIMULATION

Monte-Carlo simulation of nonparametric efficiency shows that even when the number of firms is large, defining ten or more inputs results in most firms being measured as efficient. Comparison of the simulated results with any empirical results may suggest that the dimension of the problem, rather than actual efficiencies, determines computed efficiencies.

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Year of publication:	1995
Authors:	Tauer, Loren W. ; Hanchar, John J.
Published in:	Agricultural and Resource Economics Review. - Northeastern Agricultural and Resource Economics Association - NAREA. - Vol. 24.1995, 2
Publisher:	Northeastern Agricultural and Resource Economics Association - NAREA
Subject:	Agribusiness

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005468694