Profit efficiency: Generalization, business accounting and the role of convexity

Rolf Färe and Valentin Zelenyuk

Economics Letters, 2020, vol. 196, issue C

Abstract: We present new theoretical results, showing that Nerlovian profit efficiency is a special case of the recently introduced general profit efficiency, deriving a new decomposition of profit efficiency, and outlining a simple way of estimating the generalized profit efficiency measure.

Keywords: Profit efficiency; Nerlovian efficiency (search for similar items in EconPapers)
JEL-codes: C43 D24 L25 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:196:y:2020:i:c:s0165176520302986

DOI: 10.1016/j.econlet.2020.109483

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