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The Measurement of Productive Efficiency

Techniques and Applications

The Measurement of Productive Efficiency by Harold O. Fried
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This work focuses on measuring and explaining producer performance. The authors view performance as a function of the state of technology and economic efficiency, with the former defining a frontier relation between inputs and outputs; the former incorporating waste and misallocation relative to this frontier. They show that insights can be gained by allowing for the possibility of a divergence between the economic objective and actual performance, and by associating this inefficiency with causal variables subject to managerial or policy influence. Derived from a series of lectures held on techniques and applications of the three approaches to the construction of production frontiers and measure of efficiency, this work will be an essential reference to scholars of a variety of disciplines who are involved with quantitative methods or policy. 
Oxford University Press; April 1993
439 pages; ISBN 9781601298508
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Title: The Measurement of Productive Efficiency
Author: Harold O. Fried; Shelton S. Schmidt; C. A. Knox Lovell