English, Article, Journal or magazine article edition: Axiomatic Foundations of Inefficiency Measurement on < input, output > Space R. Robert Russell; William Schworm

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Axiomatic Foundations of Inefficiency Measurement on < input, output > Space
Author
  • R. Robert Russell
  • William Schworm
Physical Description
  • preprint
Notes
  • We provide an axiomatic foundation for efficiency measurement in the full space, referred to as “graph efficiency” measurement by Färe, Grosskopf, and Lovell [1985]. We posit four types of axioms: indication, monotonicity, independence of units of measurement, and continuity. We analyze six well-known inefficiency indexes from the operations-research and economics literature and discuss several other related indexes. We present two impossibility results demonstrating that no index can satisfy all of the axioms on a general class of (well-behaved) technologies. Specifically, no inefficiency index can satisfy both indication and continuity (in either quantities or technologies), and no inefficiency index can satisfy both monotonicity and unit independence. We present a full evaluation of the trade-offs involved in selecting among the indexes.
  • Technical efficiency indexes; technical efficiency axioms
  • RePEc:swe:wpaper:2009-07
Language
  • English
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