Fare, Rolf and Grosskopf, Shawna and Zelenyuk, Valentin (2002): Finding Common Ground: Efficiency Indices. Published in: Aggregation, Efficiency, and Measurement (2007): pp. 83-95.
Download (105kB) | Preview
The last two decades have witnessed a revival in interest in the measurement of productive efficiency pioneered by (1957) and (1951). 1978 was a watershed year in this revival with the christening of DEA by (1978) and the critique of Farrell technical efficiency in terms of axiomatic production and index number theory in Fare and (1978). These papers have inspired many others to apply these methods and to add to the debate on how best to define technical efficiency.
|Item Type:||MPRA Paper|
|Original Title:||Finding Common Ground: Efficiency Indices|
|Keywords:||Efficiency Measurement, Russell Efficiency, Farrell Efficiency|
|Subjects:||D - Microeconomics > D2 - Production and Organizations > D24 - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity|
|Depositing User:||Valentin Zelenyuk|
|Date Deposited:||20. Jan 2011 14:35|
|Last Modified:||17. Feb 2013 22:44|
Chambers, R.G., and R. Färe (1998)‚”Translation Homotheticity,” Economic Theory 11, 629-64 .
Charnes, A., W.W. Cooper, B. Golany, L. Seiford and J. Stutz (1985), “Foundations of Data Envelopment Analysis for Pareto-Koopmans Efficient Empirical Production Functions,” Journal of Econometrics 30:12, 9 - 07.
Charnes, A., W.W. Cooper and E. Rhodes (1978)‚ “Measuring the Efficiency of Decision-making Units,” European Journal of Operational Research 2:6, 429-444.
Debreu, G. (1951)‚ “The Coefficient of Resource Utilization,” Econometrica 19, 273-292.
Färe, R. and C.A.K. Lovell (1978)‚ “Measuring Technical Efficiency of Production,” Journal of Economic Theory 19, 1 50- 62.
Färe, R. and D. Primont (1995), Multi-Output Production and Duality: Theory and Applications, Kluwer Academic Publishers: Boston.
Farrell, M. (1957), “The Measurement of Productive Efficiency,” Journal of the Royal Statistical Society, Series A, General, 1 20, Part 3, 253-28.
Kopp, R. (1981), “Measuring the Technical Efficiency of Production: A Comment,” Journal of Economic Theory 25, 450-452.
Luenberger, D.G. (1992)‚ “New Optimality Principles for Economic Efficiency and Equilibrium.” Journal of Optimization Theory and Applications, 75 ,22 -264.
Russell, R.R. (1985)‚ “Measuring of Technical Efficiency,” Journal of Economic Theory 35, 1109- 26.
Russell, R.R. (1987)‚ “On the Axiomatic Approach to the Measurement of Technical Efficiency,” in W. Eichhhorn, ed. Measurement in Economics: Theory and Applications of Economic Indices, Heidelberg: Physica Verlag, 207-27.
Russell, R.R. (1990)‚ “Continuity of Measures of Technical Efficiency,” Journal of Economic Theory 51, 255-267.
Shephard, R. W. (1953), Cost and Production Functions, Princeton University Press: Princeton.