Measuring economic efficiency with incomplete price information

Timo Kuosmanen, Thierry Post

Research output: Contribution to journalArticle

18 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
Externally publishedYes

Fingerprint

economic efficiency
available information
Empirical Estimator
Economics
Lower bound
Upper and Lower Bounds
Economic efficiency
Lower bounds

Keywords

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

ASJC Scopus subject areas

  • Information Systems and Management
  • Management Science and Operations Research
  • Statistics, Probability and Uncertainty
  • Applied Mathematics
  • Modelling and Simulation
  • Transportation

Cite this

Measuring economic efficiency with incomplete price information. / Kuosmanen, Timo; Post, Thierry.

In: European Journal of Operational Research, Vol. 144, No. 2, 16.01.2003, p. 454-457.

Research output: Contribution to journalArticle

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