Affiliation:
1. Center of Operations Research (CIO), University Miguel Hernandez of Elche, Alicante, 03202 Elche, Spain
Abstract
This paper is concerned with formulating directional distance functions assuming that firms operate subject to rate-of-return regulation. To this end, we consider two different contexts. First, we assume that input prices are known, which allows us to extend the rate of return regulated version of Farrell efficiency. Secondly, we assume that input prices are unknown, showing then that a specific reference direction arises as a natural choice for measuring efficiency with directional distance functions.
Funder
Ministerio de Ciencia e Innovacion
Subject
Applied Mathematics,Computational Mathematics,Statistics and Probability,General Decision Sciences
Cited by
4 articles.
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