NONPARAMETRIC TECHNICAL EFFICIENCY WITH K FIRMS, N INPUTS, AND M OUTPUTS: A SIMULATION

Monte-Carlo simulation of nonparametric efficiency shows that even when the number of firms is large, defining ten or more inputs results in most firms being measured as efficient. Comparison of the simulated results with any empirical results may suggest that the dimension of the problem, rather than actual efficiencies, determines computed efficiencies.


Subject(s):
Issue Date:
1995-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31590
Published in:
Agricultural and Resource Economics Review, Volume 24, Number 2
Page range:
185-189
Total Pages:
5




 Record created 2017-04-01, last modified 2017-11-21

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