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We introduce an ordinal model of efficiency measurement. Our primitive is a notion of e ciency that is comparative, but … not cardinal or absolute. In this framework, we postulate axioms that we believe an ordinal efficiency measure should … satisfy. Primary among these are choice consistency and planning consistency, which guide the measurement of efficiency in a …
Persistent link: https://www.econbiz.de/10013092073
We provide an axiomatic foundation for efficiency measurement in the full space, referred to as "graph efficiency …
Persistent link: https://www.econbiz.de/10014046424
This paper shows that the Bennet-Bowley profit indicator is an exact and superlative approximation of the additively complete Luenberger-Hicks-Moorsteen productivity indicator when the input and output directional distance functions can be represented up to the second order by a quadratic...
Persistent link: https://www.econbiz.de/10012965088
This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their growth over time and relative counterparts are defined as...
Persistent link: https://www.econbiz.de/10014024949
The paper considers some of the problems associated with the indirectly measured components of financial service outputs in the System of National Accounts (SNA), termed FISIM (Financial Intermediation Services Indirectly Measured). The paper utilizes a user cost and supplier benefit approach to...
Persistent link: https://www.econbiz.de/10013107917
In this paper method and practice of cross-efficiency calculation is discussed. The main methods proposed in the …
Persistent link: https://www.econbiz.de/10012900472
effectiveness and efficiency of our health care system. The objective of this study is to review and critique approaches in … measuring the effectiveness and efficiency of health care production at the sub-sector level.For the market economy, economists … identify three main type of efficiencies, namely, technical efficiency, cost efficiency, and allocative efficiency. A measure …
Persistent link: https://www.econbiz.de/10012866475
Based on the seminal paper of Farrell (1957), researchers have developed several methods for measuring e fficiency. Nowadays, the most prominent representatives are nonparametric data envelopment analysis (DEA) and parametric stochastic frontier analysis (SFA), both introduced in the late 1970s....
Persistent link: https://www.econbiz.de/10010341110
We evaluate the two main methods to measuring property-liability insurer efficiency: the production and "flow" (or …
Persistent link: https://www.econbiz.de/10014058613
This study aims at comparing the Pakistan's Tak ful and conventional insurance companies in terms of efficiency and …. However, technical efficiency components show improving trends. Results further indicate that Takful firms are more efficient … efficiency. However, we do not find any considerable contribution of technology to improve overall productivity. The study …
Persistent link: https://www.econbiz.de/10012922185