Based on work by S. Malmquist (1953); Caves, Christensen and Diewert (1982) introduced what has been called the Malmquist productivity index. Their theoretical index was given an activity analysis interpretation by Fare, Grosskopf, Lindgren and Roos (1989), who showed how it could be computed...

The Structure of Production Technology -- Radial Input Efficiency Measures -- Radial Output Efficiency Measures -- Hyperbolic Graph Efficiency Measures -- A Comparison of Input, Output, and Graph Efficiency Measures -- Nonradial Efficiency Measures -- Measures of Scale Efficiency -- Toward...

The traditional theory of the firm which serves as the underpinnings of what we know as neoclassical production theory has proved to be a useful basic model. This book is concerned with a class of models which build on this basic form by supposing that the decision-maker is constrained by some...

Some recent studies have been investigating the existence of market power in the European banking system, in general, and the Spanish banking industry, in particular. Although results are mixed, the evidence suggests some commercial banks and savings banks benefit from monopoly rents. Some other...

"The book uses distance functions, a generalization of the more familiar production function, as the theoretical and empirical tools to construct Lerner indexes of market power in both the input and output markets. The use of distance functions enables us to explicitly account for the effects of...