Hyperbolic efficiency and return to the dollar

Date
2002
Authors
Färe, R.
Grosskopf, S.
Zaim, O.
Editor(s)
Advisor
Supervisor
Co-Advisor
Co-Supervisor
Instructor
Source Title
European Journal of Operational Research
Print ISSN
0377-2217
Electronic ISSN
1872-6860
Publisher
Elsevier BV
Volume
136
Issue
3
Pages
671 - 679
Language
English
Journal Title
Journal ISSN
Volume Title
Series
Abstract

This paper, after establishing the relations between hyperbolic graph measure of technical efficiency and the radial measures of technical efficiency, shows that the dual, cost and revenue interpretation of the hyperbolic efficiency measure is related to Georgescu-Roegen's notion of "return to the dollar" [N. Georgescu-Roegen, in: Koopmans, T. (Ed.), Activity Analysis of Production and Allocation, Wiley, New York, 1951, pp. 98-115]. Once this relation is established, it leads to a derivation of an allocative efficiency index, which measures the price distortions using data on observed costs and revenues without requiring information on prices. © 2002 Elsevier Science B.V. All rights reserved.

Course
Other identifiers
Book Title
Keywords
Return to the dollar, Technical efficiency, Cost effectiveness, Graph theory, Productivity, Revenues, Technical efficiency, Operations research
Citation
Published Version (Please cite this version)