Title
The choice of a technical efficiency measure on the free disposal hull reference technology : a comparison using US banking data The choice of a technical efficiency measure on the free disposal hull reference technology : a comparison using US banking data
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Amsterdam ,
Subject
Economics
Mathematics
Source (journal)
European journal of operational research. - Amsterdam
Source (book)
9th National Conference on Quantitative Methods for Decision Making, (ORBEL 9), JAN, 1995, BRUSSELS, BELGIUM
Volume/pages
105(1998) :3 , p. 427-446
ISSN
0377-2217
ISI
000072095200004
Carrier
E
Target language
English (eng)
Affiliation
University of Antwerp
Abstract
This paper evaluates a variety of technical efficiency measures based on a given nonparametric reference technology, the free disposal hull (FDH), Specifically, we consider the radial measure of Debreu (1951)/Farrell (1957) and the nonradial measures of Fare (1975), Fare and Lovell (1978) and Zieschang (1984). Furthermore, input-based, output-based, and graph efficiency versions of these four measures are computed. Theoretical consideration as to the best choice among these alternative measures is inconclusive; therefore, we examine this problem from an empirical viewpoint. Calculating thirteen different measures of technical efficiency for a sample of US banks, we compare the measures' efficiency distributions and rankings, paying particular attention to how well the radial measure approximates its nonradial alternatives. (C) 1998 Elsevier Science B.V.
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