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dc.contributor.authorAparicio, Juan-
dc.contributor.authorPastor Ciurana, Jesús Tadeo-
dc.contributor.authorZofÍo, José L.-
dc.contributor.otherDepartamentos de la UMH::Estadística, Matemáticas e Informáticaes
dc.date.accessioned2018-12-13T10:44:14Z-
dc.date.available2018-12-13T10:44:14Z-
dc.date.created2016-08-10-
dc.date.issued2018-12-13-
dc.identifier.issn0377-2217-
dc.identifier.urihttp://hdl.handle.net/11000/4935-
dc.description.abstractCost or revenue efficiency measurement based on the approach initiated by Farrell has received great at- tention from academics and practitioners since the fifties. Farrell’s approach decomposes cost efficiency into two different sources, viz. technical efficiency and allocative efficiency. Technical efficiency is esti- mated by means of the Shephard input or output distance functions, while allocative efficiency is derived as a residual between cost or revenue efficiency and its corresponding technical efficiency component. The directional distance function ( DDF ) was introduced later in the literature to complete duality theory with respect to the profit function and as a generalization of the Shephard input and output distance functions. Considering the case of cost efficiency we show that, although the DDF correctly encompasses the technical efficiency component of the Farrell approach, this is not true for the allocative component. We show that both approaches yield different allocative (in)efficiency terms –unless technical efficiency is assumed, and how these terms are related. The practical implications of the multiplicative and additive approaches are discussed and illustrated.es
dc.description.sponsorshipThe authors would like to thank three anonymous referees for their helpful comments and suggestions and acknowledge the fi- nancial support from the Spanish Ministry of Economy and Com- petitiveness under Grant MTM2013-43903-P-
dc.formatapplication/pdfes
dc.format.extent7es
dc.language.isoenges
dc.rightsinfo:eu-repo/semantics/openAccesses
dc.subjectTechnical efficiencyes
dc.subjectAllocative efficiencyes
dc.subjectDirectional distance functionses
dc.titleCan Farrell’s allocative efficiency be generalized by the directional distance function approach?.es
dc.typeinfo:eu-repo/semantics/articlees
dc.identifier.doi10.1016/j.ejor.2016.08.007-
dc.identifier.doihttp://dx.doi.org/10.1016/j.ejor.2016.08.007-
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Artículos Estadística, Matemáticas e Informática


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