Showing 1 - 10 of 159
This paper analyzes productivity growth in seventeen OECD countries over the period 1979-88. A nonparametric programming method (activity analysis) is used to compute Malmquist productivity indexes. These are decomposed into two component measures, namely, technical change and efficiency change....
Persistent link: https://www.econbiz.de/10005233631
Persistent link: https://www.econbiz.de/10005758689
This article provides a method of measuring performance in the public sector, specifically performance of school districts. The technique is closely related to the family of Farrell type efficiency measures as well as data envelopment analysis (DEA). It also can be viewed as a generalization of...
Persistent link: https://www.econbiz.de/10011135535
The directional distance function provides a complete characterization of the production technology and, when differentiable, can be used to derive shadow prices for nonmarket outputs. A quadratic functional form and the linear programming least absolute deviations method is used to implement...
Persistent link: https://www.econbiz.de/10011135567
We exploit the duality between the cost function and the directional distance function in value space to recover hedonic prices of product or asset characteristics. An application is offered for 96 Oregon vineyards located in the Willamette Valley of Oregon that sold between 1995 and 2007....
Persistent link: https://www.econbiz.de/10011121458
Persistent link: https://www.econbiz.de/10010988288
Persistent link: https://www.econbiz.de/10010988820
In this paper we contrast the DEA and activity analysis approaches by Charnes, Cooper and Rhodes (1978) and Shephard (1970), respectively. We show that by appropriately normalizing Shephard's output price model the two approaches coincide. Copyright Kluwer Academic Publishers 2002
Persistent link: https://www.econbiz.de/10010988855
Persistent link: https://www.econbiz.de/10010988880
In 1957 Farrell demonstrated how cost inefficiency could be decomposed into two mutually exclusive and exhaustive components: technical and allocative inefficiency. This result is consequence of the fact that—as shown by Shephard—the cost function and the input distance function (the...
Persistent link: https://www.econbiz.de/10010988911