This contribution compares existing and newly developed techniques for geometrically representing mean–variance–skewness portfolio frontiers based on the rather widely adapted methodology of polynomial goal programming (PGP) on the one hand and the more recent approach based on the shortage...

The concept of efficiency in groups postulates that a coalition of firms has to record a smaller distance toward the aggregate technology frontier compared with the sum of individual distances. Efficiency analysis (either allocative or technical) is defined with respect to cooperative firm game...

This contribution proposes a specification of strictly increasing and decreasing returns to scale in multi-output technologies. Along this line a notion of [alpha]-returns to scale is derived from that of homogeneous multi-output technology. For a large class of technologies we establish...

Tracing back from Charnes et al. [9] many approaches have been proposed to extend the DEA production model to non-convex technologies. The FDH method were introduced by Deprins et al. [13] and it only assumes a free disposal assumption of the technology. This paper, continues further an earlier...

We explore the potential benefits of a series of existing and new non-parametric convex and non-convex frontier-based fund rating models to summarize the information contained in the moments of the mutual fund price series. Limiting ourselves to the traditional mean-variance portfolio setting,...

The recent contribution by Cheng et al. (2013) presents a variant of the traditional radial input- and output-oriented efficiency measures whereby original values are replaced with absolute values. This comment spells out that this article contains some imprecisions and therefore presents some...

The use of non-parametric frontier methods for the evaluation of product market efficiency in heterogeneous markets seems to have gained some popularity recently. However, the statistical properties of these frontier estimators have been largely ignored. The main point is that non-parametric...

The purpose of this paper is twofold. First, in the framework of the strategic groups' literature, it analyZes changes in productivity and efficiency of Spanish private and savings banks over an eight-year period (1998-2006). Second, by adapting the decomposition of the Malmquist productivity...