Showing 1 - 10 of 16
In two widely cited but unpublished working papers, Simar and Wilson (1998) and Zofío and Lovell (1998) proposed an alternative decomposition of the Malmquist Productivity Index, which retained what seemed to be the strongholds of previous proposals with regard to the contribution of...
Persistent link: https://www.econbiz.de/10005405109
The Malmquist productivity index is based on distance functions, which are reciprocals of radial Debreu-Farrell efficiency measures, and which have a number of desirable properties. Linear programming techniques are frequently employed to calculate the efficiency measures. However these...
Persistent link: https://www.econbiz.de/10011154977
In this paper, we propose an alternative econometric framework for estimating and decomposing productivity change that does not require a distribution for inefficiency or the uncorrelatedness between inefficiency and the regressors. We develop our methodology for the input-oriented radial...
Persistent link: https://www.econbiz.de/10011154984
Over the past decades Data Envelopment Analysis (DEA) has emerged as an important nonparametric method of evaluating performance of decision making units through benchmarking. Although developed primarily for measuring technical efficiency, DEA is now applied extensively for measuring scale...
Persistent link: https://www.econbiz.de/10011079292
We use a Monte Carlo experiment to compare the quadratic and translog functional forms in terms of their ability to approximate known frontiers that possess convex curvature. Unlike some of the existing simulation studies that have studied this topic, we find that both functional forms provide a...
Persistent link: https://www.econbiz.de/10010854434
The purpose of this paper is to provide a binary comparison of two distance-based preference aggregation rules, Slater's rule and Kemeny''s rule. It will be shown that for certain lists of individual preferences the outcomes will be antagonistic in the sense that what is considered best...
Persistent link: https://www.econbiz.de/10010836038
To be useful for realistic policy simulation in an environment of rapid structural change, inverse demand systems must remain regular over substantial variations in quantities. The distance function is a convenient vehicle for generating such systems. While it directly yields Hicksian inverse...
Persistent link: https://www.econbiz.de/10005581141
One rather simple and straightforward way of interpreting a poverty measure is in terms of the ratio of the vector distance between, one the one hand, an actual distribution of incomes and an ideal distribution without any poverty, to the vector distance between a distribution representing...
Persistent link: https://www.econbiz.de/10008552754
This paper measures resource use efficiency of electricity generating plants in the United States under the SO2 trading regime. Resource use efficiency is defined as the product of technical efficiency and environmental efficiency, where the latter is the ratio of good output (electricity) to...
Persistent link: https://www.econbiz.de/10005342019
The purpose of this paper is to provide a binary comparison of two distance-based preference aggregation rules, Slater's rule and Kemeny''s rule. It will be shown that for certain lists of individual preferences the outcomes will be antagonistic in the sense that what is considered best...
Persistent link: https://www.econbiz.de/10005181934