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Europa-Universität Viadrina Frankfurt (Oder) >
Graduiertenkolleg "Kapitalmärkte und Finanzwirtschaft im erweiterten Europa", Europa-Universität Viadrina >
Working Paper Series, Graduiertenkolleg "Kapitalmärkte und Finanzwirtschaft im erweiterten Europa", Europa-Universität Viadrina >
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http://hdl.handle.net/10419/22112
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| Title: | | Allocative efficiency measurement revisited: Do we really need input prices?  |
| Authors: | | Badunenko, Oleg Fritsch, Michael Stephan, Andreas |
| Issue Date: | | 2006 |
| Series/Report no.: | | The Postgraduate Research Programme working paper series / Europa-Universität Viadrina Frankfurt (Oder), Graduiertenkolleg "Kapitalmärkte und Finanzwirtschaft im erweiterten Europa" 2006,7 |
| Abstract: | | The traditional approach to measuring allocative efficiency is based on input prices, which are rarely known at the firm level. This paper proposes a new approach to measure allocative efficiency which is based on the output-oriented distance to the frontier in a profit?technical efficiency space-and which does not require information on input prices. To validate the new approach, we perform a Monte-Carlo experiment which provides evidence that the estimates of the new and the traditional approach are highly correlated. Finally, as an illustration, we apply the new approach to a sample of about 900 enterprises from the chemical industry in Germany. |
| Subjects: | | allocative efficiency data envelopment analysis frontier analysis technical efficiency Monte-Carlo study chemical industry |
| JEL: | | L23 L65 D61 L25 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW Working Paper Series, Graduiertenkolleg "Kapitalmärkte und Finanzwirtschaft im erweiterten Europa", Europa-Universität Viadrina
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