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An interpretation of the technical efficiency as the "best possible deviation" from the conditions defined by the Weak Axiom of profit maximization
Gattoufi, Said; Wang, YunTong; Reisman, Arnold; Oral, … - In: International business and economics research journal 6 (2007) 2, pp. 49-58
Persistent link: https://www.econbiz.de/10003448309
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Relating the CCR Model in Data Envelopment Analysis to Firm Theory Based on the Weak Axiom of Profit Maximization
Wang, Yuntong; Reisman, Arnold; Oral, Muhittin; … - 2004
This paper relates the classical Charnes, Cooper and Rhodes' (CCR) model in Data Envelopment Analysis (DEA) to the Weak Axiom of Profit Maximization (WAPM) in Firm Theory. Varian's (1990) firm theory analysis is extended from a single firm to multiple firms. This allows deriving the classical...
Persistent link: https://www.econbiz.de/10014070127