New Efficiency Theory With Applications of Data Envelopment Analysis
New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This
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Springer-Verlag Berlin Heidelberg GmbH
Jati K. Sengupta
New Efficiency Theory With Applications of Data Envelopment Analysis
With 23 Figures
,
Springer
Professor Dr. Jati K. Sengupta University of California Department of Economics Santa Barbara, CA 93106 USA [email protected]
ISBN 978-3-642-05728-1 ISBN 978-3-540-24791-3 (eBook) DOI 10.1007/978-3-540-24791-3 Cataloging-in-Publication Data applied for A catalog record for this book is available from the Library of Congress. Bibliographic information published by Die Deutsche Bibliothek Die Deutsche Bibliothek lists this publication in the Deutsche Nationalbibliografie; detailed bibliographic data is available in the Internet at . This work is subject to copyright. AII rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer-Verlag. Violations are liable for prosecution under the German Copyright Law. http://www.springer.de ©
Springer-Verlag Berlin Heidelberg 2003
OriginaIly published by Springer-Verlag Berlin Heidelberg New York in 2003 Softcover reprint of the hardcover 1st edition 2003 The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Hardcover-Design: Erich Kirchner, Heidelberg SPIN 10928493
42/3130-5 4 3 2 1 O - Printed on acid-free paper
To: Thakur and Holy Mother
Preface New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This monograph develops and generalizes the new efficiency theory by highlighting the interface between economic theory and operations research. Some of the outstanding features of this monograph are: (1) integrating the theory of firm efficiency and industry equilibrium, (2) emphasizing growth efficiency in a dynamic setting, (3) incorporating uncertainty of market demand and prices, and (4) the implications of group efficiency by sharing investments. New applications discuss in some detail the growth and decline of US computer industry, the relative performance of mutual fund portfolios and the implications of applying a game-theoretic view of efficiency, when firms can form coalitions of different sizes. The central focus of this monograph is on applications of DEA models and their dynamic and stochastic implications. The volume includes a large part of my research work on efficiency theory over th
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