Families of Linear Efficiency Programs based on Debreu's Loss Function
JesÃºs T. Pastora,
C. Lovell and
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JesÃºs T. Pastora: CEPA - School of Economics, The University of Queensland
Juan Aparicioc: CEPA - School of Economics, The University of Queensland, https://economics.uq.edu.au/cepa
No WP042009, CEPA Working Papers Series from University of Queensland, School of Economics
Gerard Debreu introduced a well known radial efficiency measure which he called a â€œcoefficient of resource utilization.â€ He derived this scalar from a much less well known â€œdead lossâ€ function that characterizes the monetary value sacrificed to inefficiency, and which is to be minimized subject to a normalization condition. We use Debreuâ€™s loss function, together with a variety of normalization conditions, to generate several popular families of linear efficiency programs. Our methodology also can be employed to generate entirely new families of linear efficiency programs.
JEL-codes: C51 C61 (search for similar items in EconPapers)
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Journal Article: Families of linear efficiency programs based on Debreu’s loss function (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:qld:uqcepa:71
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