The Measurement of Productive Efficiency

This work focuses on the measurement and explanation of producer performance. The contributors view performance as a function of the state of technology and economic efficiency. They explore ways to construct production frontiers and levels of efficiency.

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This work focuses on measuring and explaining producer performance. The contributors to this volume view performance as a function of the state of technology and economic efficiency. 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. The book is derived from a series of lectures held on techniques and applications of the three approaches to the construction of production frontiers and measures of efficiency.