Abstract
The theory and applications of data envelopment analysis (DEA) have mostly used observed input output data to compare the relative efficiency of firms or decision-making units (DMUs) in an industry or organization. The cost output relations of firms and the overall industry behavior have been either ignored or very infrequently analyzed. As a result the influence of the overall market on the cost efficiency of firms and the dynamics of entry and exit behavior of firms under varying efficiency and demand fluctuations have rarely been looked into.
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© 2003 Springer-Verlag Berlin Heidelberg
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Sengupta, J.K. (2003). Cost Oriented Efficiency. In: New Efficiency Theory. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-24791-3_3
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DOI: https://doi.org/10.1007/978-3-540-24791-3_3
Publisher Name: Springer, Berlin, Heidelberg
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