Exact nonradial input, output, and productivity measurement

Robert Chambers ()

Economic Theory, 2002, vol. 20, issue 4, 765 pages

Abstract: The use of measures originally suggested by Bennet, Bowley, and Hicks in the context of cost of living, welfare, and consumer surplus measurement to measure inputs, outputs, and productivity is examined. Suitably normalized versions of the Bennet-Bowley measures are shown to be exact and superlative measures of input, output, and productivity indicators.

Keywords: Input and output measurement; Productivity measurement; Directional distance functions. (search for similar items in EconPapers)
JEL-codes: C23 D24 (search for similar items in EconPapers)
Date: 2002-03-21
Note: Received: April 2, 2001; revised version: August 8, 2001
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Citations: View citations in EconPapers (131)

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