Distance Functions in Production Economics

Robert G. Chambers () and Rolf Färe ()
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Robert G. Chambers: University of Maryland
Rolf Färe: Oregon State University

Chapter 7 in Handbook of Production Economics, 2022, pp 295-329 from Springer

Abstract: Abstract This chapter treats distance functions used in production economics and operations research. The economic intuition behind the different notions of distance functions is discussed to set the stage for a more formal analysis. A minimal set of regularity conditions needed to ensure the existence of well-behaved distance functions are presented, distance functions are defined, and the uses of distance functions in a variety of settings are surveyed.

Keywords: Distance functions; Production; Technology; Measurement; D21; D22; D24 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-10-3455-8_14

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