Bøger af Rolf Fare

The book uses distance functions, a generalization of the more familiar production function, as the theoretical and empirical tools to construct Lerner indexes of market power in both the input and output markets. The use of distance functions enables us to explicitly account for the effects of firm inefficiency and price markups in the evaluation of market power. The book focusses on the theory and provides a menu of applications to construct measures of firm efficiency and market power in the financial and public sectors.

The basic notion underlying this monograph - budget or revenue constrained models of production - we owe to Ronald W. Our contributions include an expanded set of duality results and a general bent toward empirical implementation: including various parameterizations, applications to efficiency and productivity measurement, and shadow pricing.

As you shall see, the directional distance function includes traditional distance functions and efficiency measures as special cases providing a unifying framework for existing productivity and efficiency measures.

Shephard introduced me to his work on the Law of Diminishing Returns, and encouraged me to continue that work. This monograph is a result of my inspiring experience with Professor Shephard; In developing some of the materials in this monograph I have collabo rated with my Swedish friends Leif Jansson and Leif Svensson.

Our original reason for writing this book was the desire to write down in one place a complete summary of the major results in du ality theory pioneered by Ronald W.

Data Envelopment Analysis (DEA) is often overlooked in empirical work such as diagnostic tests to determine whether the data conform with technology which, in turn, is important in identifying technical change, or finding which types of DEA models allow data transformations, including dealing with ordinal data.

This graduate text develops production theory from a set of reasonable axioms. The basic model leads to a set of efficiency measures which can be readily employed in empirical work. A first draft of the text was used to teach students at Vanderbilt University. The text includes a variety of exercise problems.

This work applies efficiency literature to the case of intertemporal models. Topics covered include: static network models which serve as building blocks for the intertemporal budgeting models and the dynamic models and productivity measurements.

Our original reason for writing this book was the desire to write down in one place a complete summary of the major results in du ality theory pioneered by Ronald W.