New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This monograph develops and generalizes the...

1 Efficiency Analysis in Production -- 1.1 Partial and General Equilibrium Models -- 1.2 Production Frontier as Flexible Production Functions -- 1.3 Parametric Forms and their Econometric Estimation -- 1.4 Nonparametric Theory: Different Facets -- 1.5 Implications of Nonparametric Theory -- 2...

This volume discusses the latest techniques and their economic applications for modern industries like computer, pharmaceutical, banking and other manufacturing. These industries are most important for a growing economy. Both econometric and mathematical programming techniques are analyzed so as...