DEA Based Yardstick Competition in Natural Resource Management
Peter Bogetoft and
No 2002-04, CIE Discussion Papers from University of Copenhagen. Department of Economics. Centre for Industrial Economics
In this paper, we discuss the pros and cons of using Data Envelopment Analysis (DEA) to evaluate and enhance the efficiency of natural resource management. The need for a multi-dimensional production frontier approach is sketched, along with examples from other regulated multi-output industries. Also, reviews of the basic properties of DEA and DEA based yardstick competition are provided. Finally, we discuss the use of DEA based yardstick to evaluate bids in multi-dimensional procurement auctions.
Keywords: Regulation; Incentives; Performance Evaluation; Auctions; Yardstick Competition; Data Envelopment Analysis (DEA) (search for similar items in EconPapers)
JEL-codes: C72 H57 Q20 (search for similar items in EconPapers)
Pages: 24 pages
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Working Paper: DEA based yardstick competition in natural resource management (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuieci:2002-04
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