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  • 1
    Electronic Resource
    Electronic Resource
    Springer
    Journal of productivity analysis 11 (1999), S. 183-194 
    ISSN: 1573-0441
    Keywords: Most Productive Scale Size (MPSS) ; scale elasticity ; ray average productivity
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract In parametric analysis based on a frontier production function, usually the scale elasticity rather than scale efficiency level is reported. In this paper we show how one can use an estimated translog production function to obtain output- and input-oriented measures of scale efficiency at an observed input bundle. We also show how the estimated model can be used to determine the optimal quantity of labor input for an exogenously fixed quantity of capital.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Springer
    Journal of productivity analysis 10 (1998), S. 47-62 
    ISSN: 1573-0441
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract The dual cost function is partially super-additive when an output quantity bundle of a given quality can be produced at a lower cost by breaking up the output into a number of smaller bundles of the same quality to be produced by several firms instead of the entire bundle being produced by a single firm. In this paper, we build on Maindiratta's concept of size efficiency and propose a nonparametric method using mixed integer programming to measure cost efficiency allowing for partial super-additivity of the cost function. The proposed method is applied to data from Connecticut public school districts for the years 1980–81 through 1983–84.
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  • 3
    Electronic Resource
    Electronic Resource
    Springer
    Journal of productivity analysis 2 (1990), S. 39-52 
    ISSN: 1573-0441
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article proposes a method of estimating productivity growth using an estimated profit function. The approach has the advantage of incorporating endogenous changes in profit-maximizing output levels that would result from productivity changes. As with the cost function, it can be easily adapted to accomodate the presence of quasi-fixed factors. The article first develops the methodology and shows the equivalence between the proposed measure and other measures of productivity based on cost or production functions. An empirical application to the measurement of productivity changes in the U.S. manufacturing industry is presented next. The profit-function measure is compared to a nonparametric measure based on the same data and to the results of other studies of U.S. manufacturing.
    Type of Medium: Electronic Resource
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  • 4
    Electronic Resource
    Electronic Resource
    Springer
    Journal of financial services research 7 (1993), S. 235-248 
    ISSN: 1573-0735
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract We consider economies and diseconomies of scope for large U.S. banks by employing ordinary and hybrid translog cost functions. We examine the regularity conditions in output space where scope estimates are calculated and reject all models for which these conditions fail. The translog model always possesses violations. For the hybrid translog, violations occur in every case except one. In this one case, we find economies of scope.
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  • 5
    Electronic Resource
    Electronic Resource
    Springer
    Journal of productivity analysis 8 (1997), S. 5-18 
    ISSN: 1573-0441
    Keywords: size efficiency ; industry restructuring ; integer programming
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract In nonparametric analysis of production efficiency, the focus of attention is typically on the individual firm. In this article, we evaluate efficiency in resource utilization at the industry level. We propose an integer programming model to measure the extent of input saving possible if the observed output level of the industry is allocated to an optimal number of identical firms. This approach is applied to data for U.S. airlines covering the period 1970–84. Our results confirm that there were too few airlines prior to deregulation and suggest that there were too many firms during the early years of the post-deregulation era.
    Type of Medium: Electronic Resource
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  • 6
    Electronic Resource
    Electronic Resource
    Springer
    Journal of productivity analysis 8 (1997), S. 151-165 
    ISSN: 1573-0441
    Keywords: weak axiom of cost minimization ; free disposal hull ; free affordability hull
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Varian's Weak Axiom of Cost Minimization provides a nonparametric test of cost minimization, which can be applied only when both input price and quantity data are available for individual firms. In this paper we propose a Weak Axiom of Cost Dominance (WACD), which serves as the basis of an alternative test of cost-minimization applicable in situations where input quantity data are missing. Unlike a previous test developed by Diewert and Parkan, the proposed test does identify individual firms that violate the assumption of cost-minimizing behavior. It also provides an upper bound of the cost-efficiency of any observed firm. The test procedure is shown to be equivalent to applying dominance analysis using normalized input prices with reference to the Cost-indirect technology. The proposed method is applied to Nerlove's electrical utility data. The nonparametric results are also compared with parametric efficiency levels computed from a stochastic frontier cost function.
    Type of Medium: Electronic Resource
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