Cost Decompositions and the Efficient Subset

Rolf Färe, Hirofumi Fukuyama (), Shawna Grosskopf and Valentin Zelenyuk
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Rolf Färe: Oregon State University, USA

No WP012015, CEPA Working Papers Series from University of Queensland, School of Economics

Abstract: This paper develops two cost decompositions based on the multiplicative and additive Russell efficiency measurement framework. While the multiplicative cost decomposition is a straightforward extension of the standard cost decomposition, the decomposition we develop in this paper incorporates slacks directly so that efficiency is measured relative to the efficient subset. To show the applicability of our novel approach, we provide an illustration using a data set given in the literature.

Keywords: cost efficiency; efficient subset,Russell measure,directional distance function,slacks,data envelopment analysis (search for similar items in EconPapers)
JEL-codes: D24 (search for similar items in EconPapers)
Date: 2015-01
New Economics Papers: this item is included in nep-eff
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https://economics.uq.edu.au/files/5118/WP012015.pdf (application/pdf)

Related works:
Journal Article: Cost decompositions and the efficient subset (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:qld:uqcepa:99

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