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New Directions: Efficiency And Productivity

New Directions: Efficiency And Productivity

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  • ISBN:9781402076619
  • Editorial: Kluwer Academic Publishers
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  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:192
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The key unifying theme in this book is "new directions". The work covers the new directions in which we are currently working in the general efficiency and productivity arena. The unifying conceptual tool is the directional distance function, which is new. We do keep our "traditional" general approach -namely we start with axiomatic production theory and exploit the duality to drive our "new" results.

The directional distance function includes traditional distance functions and efficiency measures as special cases providing a unifying framework for existing productivity and efficiency measures. As a generalisation of the traditional distance functions, it turns out to be a dual to the profit function, opening a range of new tools for empirical and theoretical research. It also provides enough additional flexibility to open up new areas in productivity and efficiency analysis such as environmental and aggregation issues

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