On the functional form of an efficiency index

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An input efficiency index gives a numeric assessment of the degree to which a given input combination falls short of being efficient in producing a fixed amount of output. This paper presents a system of axioms which characterise a certain family of efficiency indices containing the well-known Farrell and Färe-Lovell indices. The family of indices satisfying the axioms can be obtained by minimizing a suitable function, called a performance evaluation, and different choices of performance evaluation will result in different indices
Original languageEnglish
JournalJournal of Productivity Analysis
Volume9
Issue number2
Pages (from-to)103-111
ISSN0895-562X
DOIs
Publication statusPublished - 1998

ID: 155271