Badunenko, Oleg; Fritsch, Michael; Stephan, Andreas - Wirtschaftswissenschaftliche Fakultät, … - 2006
The traditional approach to measuring allocative efficiency is based on input prices, which are rarely known at the … firm level. This paper proposes a new approach to measure allocative efficiency which is based on the output …-oriented distance to the frontier in a profit?technical efficiency space-and which does not require information on input prices. To …