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 language | English |
|---|---|
| Pages (from-to) | 454-457 |
| Number of pages | 4 |
| Journal | European Journal of Operational Research |
| Volume | 144 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - Jan 16 2003 |
| Externally published | Yes |
Funding
The original Kuosmanen and Post (2001) paper forms part of the Ph.D. thesis Kuosmanen (2001) . We are grateful to Professor Niels Christian Petersen, who served as one of the opponents of this thesis, for pointing out the error discussed in this note. We also thank an anonymous referee for comments. The first author gratefully acknowledges the financial support from the Emil Aaltonen Foundation.
Keywords
- Data envelopment analysis (DEA)
- Economic efficiency measurement
- Free disposable hull (FDH)
- Imperfect competition
- Weight-restricted models
ASJC Scopus subject areas
- General Computer Science
- Modelling and Simulation
- Management Science and Operations Research
- Information Systems and Management
Fingerprint
Dive into the research topics of 'Measuring economic efficiency with incomplete price information'. Together they form a unique fingerprint.Cite this
- APA
- Standard
- Harvard
- Vancouver
- Author
- BIBTEX
- RIS