The Russell Measures: Economic Inefficiency Decompositions

Jesús T. Pastor, Juan Aparicio and José Zofío
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Jesús T. Pastor: Universidad Miguel Hernandez de Elche

Chapter Chapter 5 in Benchmarking Economic Efficiency, 2022, pp 215-244 from Springer

Abstract: Abstract Over past decades, one of the aspects related to the measurement of technical efficiency that has attracted the attention of Data Envelopment Analysis (DEA) researchers for the last decades has been the development of the generalized efficiency measures (GEMs), also called graph measures. The initial motivation for these measures was the design of indicators that would satisfy the indication property, denoted as (E1a) in Sect. 2.1.4 of Chap. 2 , thereby including all kinds of inefficiencies (both radial and non-radial) when evaluating a firm against the strongly efficient subset of the technology. In addition, it was intended that these measures satisfied additional desirable properties, like units invariance (E4), translation invariance (E5), and even monotonicity (E2).

Date: 2022
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DOI: 10.1007/978-3-030-84397-7_5

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