EconPapers    
Economics at your fingertips  
 

Conversion Efficiency as a Complementing Measure of Welfare in Capability Space

Martin Binder and Tom Broekel ()

MPRA Paper from University Library of Munich, Germany

Abstract: In the capability literature, studies on the empirical measurement in the functionings space are abundant and a few studies even measure capability to function. We suggest adopting a third measure of welfare relevant to economists, namely the "conversion efficiency" measuring the efficiency with which individuals convert their resources into achieved functioning. We use a nonparametric efficiency procedure and construct such a measure for a basket of basic functioning achievement, using data from the British Household Panel Survey (BHPS).

Keywords: conversion efficiency; welfare measurement; robust nonparametric efficiency analysis; functioning production (search for similar items in EconPapers)
JEL-codes: I12 I31 I32 R15 (search for similar items in EconPapers)
Date: 2008-03-09
New Economics Papers: this item is included in nep-hap
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/7583/1/MPRA_paper_7583.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:7583

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2025-01-07
Handle: RePEc:pra:mprapa:7583