On Measuring Technological Possibilities by Hypervolumes

Mette Asmild () and Jens Leth Hougaard
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Mette Asmild: IFRO, University of Copenhagen
Jens Leth Hougaard: IFRO, University of Copenhagen

Chapter Chapter 3 in Advances in Efficiency and Productivity, 2016, pp 59-70 from Springer

Abstract: Abstract Measuring technological possibilities is a somewhat neglected topic in the productivity analysis literature. We discuss existing methods as well as an obvious alternative measure based on hypervolumes. We illustrate the use of a volume-based measure on an empirical case of demolition projects from two different companies and suggest ways of overcoming some issues related to the practical implementation. Finally, we discuss pros and cons of the various approaches.

Keywords: Program efficiency; Group comparisons; Technology index; Technological possibilities; Hypervolume (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-319-48461-7_3

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DOI: 10.1007/978-3-319-48461-7_3

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