Abstract
A distance function is a remarkably simple yet powerful concept. This function underpins nonparametric efficiency analysis, and is also the basis for a nonparametric approach for assessing productivity that we will discuss in Part III. The distance and cost function are linked via two, symmetric identities; knowledge of one function is sufficient to determine the other one.
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© 2008 Springer-Verlag Berlin Heidelberg
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(2008). Distance Functions. In: Production Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-75751-1_7
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DOI: https://doi.org/10.1007/978-3-540-75751-1_7
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-75750-4
Online ISBN: 978-3-540-75751-1
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