Access the full text.
Sign up today, get DeepDyve free for 14 days.
R. Färe (1975)
Efficiency and the production functionZeitschrift für Nationalökonomie, 35
A. Charnes, W. Cooper, E. Rhodes (1978)
Measuring the efficiency of decision making unitsEuropean Journal of Operational Research, 2
G. Debreu (1951)
The Coefficient of Resource Utilization
C. Lovell, S. Grosskopf, E. Ley, E. Ley, J. Pastor, Diego Prior, P. Eeckaut (1994)
Linear programming approaches to the measurement and analysis of productive efficiencyTop, 2
R. Färe, S. Grosskopf, J. Nelson (1990)
On price efficiencyInternational Economic Review, 31
R. Pollak (1989)
The Theory of the Cost-of-Living Index
A. Deaton (1979)
The Distance Function in Consumer Behaviour with Applications to Index Numbers and Optimal TaxationThe Review of Economic Studies, 46
D. Caves, L. Christensen, W. Diewert (1982)
THE ECONOMIC THEORY OF INDEX NUMBERS AND THE MEASUREMENT OF INPUT, OUTPUT, AND PRODUCTIVITYEconometrica, 50
M. Farrell (1957)
The Measurement of Productive Efficiency, 120
W. Diewert (1976)
Exact and superlative index numbersJournal of Econometrics, 4
S. Malmquist (1953)
Index numbers and indifference surfacesTrabajos de Estadistica, 4
R. Fare, S. Grosskopf, B. Lindgren, P. Roos (1992)
PRODUCTIVITY CHANGE IN SWEDISH PHARMACIES 1980–1989: A NONPARAMETRIC MALMQUIST APPROACH, 3
R. Chambers,* R. Fare, ** and S. Grosskopf ** INTRODUCTION The purpose of this paper is to provide a unified discussion of efficiency, productivity and quantity indexes. Intuitively, these notions are clearly related, but, in practice economists generally do not recognize these interrelationships. As a result, the casual observer sees work in these areas as distinct and somewhat ad hoc. Recent work by Caves, Christensen, and Diewert (CCD) (1982) has contributed to a rehabilitation of what we shall call the index number approach to measuring productivity. They address the âad hocâ problem associated with that approach by showing that the Tornqvist index, in addition to being simple to compute, is also consistent with a flexible representation (translog)of the underlying technology. Thus, the Tornqvist is a âsuperlativeâindex and not just an ad hoc approximation of technology (and changes in technology). Their starting point in substantiating their claim is Shephardâs (1953) distance function, which completely and generally describes any technology including those with many inputs and many outputs. Distance functions are also useful because of their dual relationship to value functions, e.g., the cost function. We show that the distance function is the unifying notion which links efficiency measures, quantity
Bulletin of Economic Research – Wiley
Published: Jan 1, 1994
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.