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Title
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The choice of a technical efficiency measure on the free disposal hull reference technology : a comparison using US banking data
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Author
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Abstract
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| 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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Language
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English
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Source (journal)
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European journal of operational research. - Amsterdam
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Source (book)
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9th National Conference on Quantitative Methods for Decision Making, (ORBEL 9), JAN, 1995, BRUSSELS, BELGIUM
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Publication
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Amsterdam
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1998
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ISSN
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0377-2217
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Volume/pages
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105
:3
(1998)
, p. 427-446
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ISI
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000072095200004
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