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Freiberger Arbeitspapiere, Fakultät für Wirtschaftswissenschaften, Technische Universität Bergakademie Freiberg >
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http://hdl.handle.net/10419/27098
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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.: | | Freiberg working papers 2006,04 |
| 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: | | D61 L23 L25 L65 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Freiberger Arbeitspapiere, Fakultät für Wirtschaftswissenschaften, Technische Universität Bergakademie Freiberg
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