Measuring economic efficiency with incomplete price information

Timo Kuosmanen, Thierry Post

Research output: Contribution to journalArticle

20 Citations (Scopus)

Abstract

The computation of upper and lower bounds for economic efficiency when incomplete price information is available was discussed. The identification and correction of technical error associated with lower bound was presented. A revised algorithm for the empirical estimator for the lower bound was also presented.

Original languageEnglish
Pages (from-to)454-457
Number of pages4
JournalEuropean Journal of Operational Research
Volume144
Issue number2
DOIs
Publication statusPublished - Jan 16 2003

Keywords

  • Data envelopment analysis (DEA)
  • Economic efficiency measurement
  • Free disposable hull (FDH)
  • Imperfect competition
  • Weight-restricted models

ASJC Scopus subject areas

  • Computer Science(all)
  • Modelling and Simulation
  • Management Science and Operations Research
  • Information Systems and Management

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