Cherchye, Laurens; Kuosmanen, Timo; Leleu, Hervé - IÉSEG School of Management, Université Catholique de Lille - 2008
The duality between measures of economic and technical efficiency has been extensively studied in the productive … efficiency analysis. This duality ensures a meaningful interpretation of technical efficiency as economic efficiency evaluated at … this short run profit efficiency measure. In particular, we establish two attractive properties of that technical …