The Russell Measures: Economic Inefficiency Decompositions

Jesús T. Pastor; Juan Aparicio; José L. Zofío

doi:10.1007/978-3-030-84397-7_5

The Russell Measures: Economic Inefficiency Decompositions

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

^*Corresponding author for this work

Department of Technology and Operations Management

Miguel Hernández University

Research output: Chapter/Conference proceeding › Chapter › Academic

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 language	English
Title of host publication	International Series in Operations Research and Management Science
Pages	215-244
Number of pages	30
DOIs	https://doi.org/10.1007/978-3-030-84397-7_5
Publication status	Published - 2022

Publication series

Series	International Series in Operations Research and Management Science
Volume	315
ISSN	0884-8289

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© 2022, Springer Nature Switzerland AG.

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10.1007/978-3-030-84397-7_5

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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).",

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AU - Zofío, José L.

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ER -

The Russell Measures: Economic Inefficiency Decompositions

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