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Titlebook: Benchmarking Economic Efficiency; Technical and Alloca Jesús T. Pastor,Juan Aparicio,José L. Zofío Book 2022 Springer Nature Switzerland AG

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0884-8289 lysis within the multiplicative and additive approaches.InclThis book unifies and extends the definition and measurement of economic efficiency and its use as a real-life benchmarking technique for actual organizations. Analytically, the book relies on the economic theory of duality as guiding frame
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https://doi.org/10.1007/978-2-8178-0389-0o its efficient frontier (radially, hyperbolically, through additive slacks, following a reference directional vector, etc.). Probably, the existence of a wide range of different measures was the cause of encouraging certain researchers to introduce general frameworks that encompass all or most or the DEA technical efficiency measures.
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The Loss Distance Function: Economic Inefficiency Decompositionso its efficient frontier (radially, hyperbolically, through additive slacks, following a reference directional vector, etc.). Probably, the existence of a wide range of different measures was the cause of encouraging certain researchers to introduce general frameworks that encompass all or most or the DEA technical efficiency measures.
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Introduction, markets, including many sellers and buyers, homogenous products, free entry and exit, and perfect information, firms do not have market power and take prices as exogenously given. Consequently, when aiming at profit maximization, their only decision variables are quantities, deciding on the amount of outputs to supply and inputs to demand.
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A Unifying Framework for Decomposing Economic Inefficiency: The General Direct Approach and the Reve price (allocative) criteria, with the value of allocative efficiency clearly depending upon the chosen technical efficiency measure. Researchers have been using these traditional methods for at least half a century, and we take stock of the existing contributions and current state of the art in the previous chapters.
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The Modified Directional Distance Function (MDDF): Economic Inefficiency Decompositionssee Leleu & Briec, 2009), it is clear that it has no obvious economic meaning from a managerial point of view since this quantity is not present in day-to-day manager’s control panel for decision-making.
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