Economists have long studied the efficiency of firms, industries, and entire economies. This volume brings together leading scholars to make connections between efficiency and a number of diverse areas of current interest to economists, including an examination of the efficiency of tax systems...

Two methods of aggregating Luenberger productivity indicators across firms are considered. One method makes use of some rather implausible allocative efficiency assumptions. The second method, a superlative index number approach, relies on more palatable assumptions and is judged to be the more...

This graduate text develops production theory from a set of reasonable axioms. The theory is presented both in a primal and dual as well as in an indirect (constrained) framework. The basic model leads to a set of efficiency measures which can be readily employed in empirical work. A first draft...

The Structure of Production Technology -- Radial Input Efficiency Measures -- Radial Output Efficiency Measures -- Hyperbolic Graph Efficiency Measures -- A Comparison of Input, Output, and Graph Efficiency Measures -- Nonradial Efficiency Measures -- Measures of Scale Efficiency -- Toward...

The traditional theory of the firm which serves as the underpinnings of what we know as neoclassical production theory has proved to be a useful basic model. This book is concerned with a class of models which build on this basic form by supposing that the decision-maker is constrained by some...