The Russell Measures: Economic Inefficiency Decompositions

Jesús T. Pastor*, Juan Aparicio, José L. Zofío

*Corresponding author for this work

Research output: Chapter/Conference proceedingChapterAcademic

Abstract

Over past decades, one of the aspects related to the measurement of technical efficiency that has attracted the attention of Data Envelopment Analysis (DEA) researchers for the last decades has been the development of the generalized efficiency measures (GEMs), also called graph measures. The initial motivation for these measures was the design of indicators that would satisfy the indication property, denoted as (E1a) in Sect. 2.1.4 of Chap. 2, thereby including all kinds of inefficiencies (both radial and non-radial) when evaluating a firm against the strongly efficient subset of the technology. In addition, it was intended that these measures satisfied additional desirable properties, like units invariance (E4), translation invariance (E5), and even monotonicity (E2).

Original languageEnglish
Title of host publicationInternational Series in Operations Research and Management Science
Pages215-244
Number of pages30
DOIs
Publication statusPublished - 2022

Publication series

SeriesInternational Series in Operations Research and Management Science
Volume315
ISSN0884-8289

Bibliographical note

Publisher Copyright:
© 2022, Springer Nature Switzerland AG.

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