Directional distance functions and rate-of-return regulation (Q454469)
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scientific article; zbMATH DE number 6092150
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Directional distance functions and rate-of-return regulation |
scientific article; zbMATH DE number 6092150 |
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Directional distance functions and rate-of-return regulation (English)
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8 October 2012
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Summary: We are 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.
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directional distance functions
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rate-of-return regulation
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