Modelling and Measuring Technical Efficiency: An Alternative Approach

In the literature, technical efficiency is measured as the ratio of observed output to potential output. Although there is no a priori theoretical reasoning, in the stochastic framework of measuring technical efficiency, the potential output is defined as a neutral shift from the observed output. The objective in this paper is to suggest a method to measure technical efficiency without having to consider the potential output as a neutral shift from the observed output.


Issue Date:
1997
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/198062
Page range:
232-239
Total Pages:
8




 Record created 2017-04-01, last modified 2017-04-26

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