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When analyzing the productivity of firms, one may want to compare how the firms transform a set of inputs x (typically labor, energy or capital) into an output y (typically a quantity of goods produced). The economic efficiency of a firm is then defined in terms of its ability of operating close...
Persistent link: https://www.econbiz.de/10010309839
When analyzing the productivity of firms, one may want to compare how the firms transform a set of inputs x (typically labor, energy or capital) into an output y (typically a quantity of goods produced). The economic efficiency of a firm is then defined in terms of its ability of operating close...
Persistent link: https://www.econbiz.de/10010956458
A way for measuring the efficiency of enterprises is via the estimation of the so-called production frontier, which is the upper boundary of the support of the population density in the input and output space. It is reasonable to assume that the production frontier is a concave monotone...
Persistent link: https://www.econbiz.de/10005043073