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Can Farrell's allocative efficiency be generalized by the directional distance function approach?

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The directional profit efficiency measure: on why profit inefficiency is either technical or allocative

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The directional distance function encompasses Shephard’s input and output distance functions and also allows nonradial projections of the assessed firm onto the frontier of the technology in a preassigned direction. However, the criteria underlying the choice of its associated directional...

Persistent link: https://www.econbiz.de/10010866051