Name: new directions
SKU: 3432398
Price: 3355.00 TWD
Availability: InStock
Author: grosskopf,färe
ISBN: 9781402076619

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Type

Physical Book

Publisher

Springer

Author

grosskopf,färe

Language

English

Pages

174

ISBN

1402076614

ISBN13

9781402076619

Synopsis "new directions"

the key unifying conceptual tool of this important entry in the study of efficiency and productivity is the directional distance function. in new directions the authors take up this new performance measure while also maintaining their traditional axiomatic production theoretic approach. 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.