Benchmark Selection: An Axiomatic Approach

Jens Hougaard () and Mich Tvede

No 01-06, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: Within a production theoretic framework, this paper considers an axiomatic approach to benchmark selection. It is shown that two simple and weak axioms: efficiency and comprehensive monotonicity characterize a natural family of benchmarks which typically becomes unique. Further axioms are added in order to obtain a unique selection.

Keywords: Benchmarking; Production Economics; Selection (search for similar items in EconPapers)
JEL-codes: C6 D2 L2 M2 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2001-02
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Journal Article: Benchmark selection: An axiomatic approach (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:0106

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