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Families of Linear Efficiency Programs based on Debreu's Loss Function

Jesús T. Pastora, C. Lovell and Juan Aparicioc
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Jesús 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

Abstract: Gerard Debreu introduced a well known radial efficiency measure which he called a “coefficient of resource utilization.†He derived this scalar from a much less well known “dead loss†function that characterizes the monetary value sacrificed to inefficiency, and which is to be minimized subject to a normalization condition. We use Debreu’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)
Date: 2009
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Journal Article: Families of linear efficiency programs based on Debreu’s loss function (2012) Downloads
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