New efficiency theory. With applications of data envelopment analysis.
The book summarizes the author's research on efficiency theory. It emphasizes new approaches to efficiency theory emerging since the proposition of data envelopment analysis. The text focuses on extensions of nonparametric efficiency measurement models in the following areas: cost oriented DEA models; consideration of interdependence of firms; informational basis of input-output and cost data; role of uncertainty and risk. Chapter 1 gives an overview of these aspects and introduces the applications that are used as empirical studies throughout the book. In Chapter 2 several models of production and cost frontiers are introduced in a dynamic context. The impact of learning by doing is studied and level and growth efficiency are compared. An empirical application to the computer industry illustrates the concepts. In Chapter 4 a cost oriented DEA model is presented, with costs depending on outputs and capital inputs. Demand fluctuations are introduced through a two stage model and prize changes are analyzed using a dynamic adjustment process. In Chapter 4 a dynamic model of hypercompetition, as it occurs in technology-intensive sectors of the ``new economy is developed. This includes three new areas of efficiency: innovation, access, and resource efficiency. An illustrative application in the computer industry is presented. Chapter 5 analyzes growth and efficiency of the US computer indusrtry using a production frontier approach. Uncertainty is the focus of Chapter 6. It is shown how randomness in demand and uncertain prices require an extension of the convex hull method of DEA. Another class of uncertainty considered is the volatility of finacial markets. An empirical study of portfolio efficiency of mutual funds concludes the chapter. In Chapter 7 cost sharing (involving interdependence of firms) is studied. Firms forming coalitions implies that a game theoretic concept of efficiency is necessary. Cost sharing of capital investment is also considered. The concluding Chapter 8 covers some modelling and data isses, e.g., transition from firm to industry efficiency, market failure, and nonstationarity of data. The book is concisely written and of interest for readers with a background in economic theory and DEA.
- Novel theory and methodology developments in data envelopment analysis
- Data Envelopment Analysis
- scientific article; zbMATH DE number 2114369
- scientific article; zbMATH DE number 921424
- Recent models in data envelopment analysis: Theory and applications
- The Efficiency Distribution Approach in Data Envelopment Analysis: An Application
- On efficiency of data envelopment analysis
- Data envelopment analysis. A handbook of empirical studies and applications
- Strategic leaders or strategic groups: A longitudinal data envelopment analysis of the U. S. brewing industry
- Returns to growth in a nonparametric DEA approach
- Returns to scale and most productive scale size in DEA with negative data
- scientific article; zbMATH DE number 1517947 (Why is no real title available?)
- scientific article; zbMATH DE number 2114369 (Why is no real title available?)
- Do market share and efficiency matter for each other? An application of the zero-sum gains data envelopment analysis
- Data envelopment analysis: from foundations to modern advancements
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