Dynamic and stochastic efficiency analysis: economics of data envelopment analysis

Abstract

1. New efficiency theory. 1.1. Economics of data envelopment analysis. 1.2. Dynamic and stochastic efficiency. 1.3. Cost frontier analysis. 1.4. Market demand and efficiency. 1.5. Managerial perspectives -- 2. Economics of efficiency measurement. 2.1. Economics of the DEA approach. 2.2. Market and cost efficiency under competition. 2.3. A two-stage model of cost efficiency. 2.4. Cost uncertainty and capacity utilization. 2.5. Quality and efficiency -- 3. Efficiency dynamics. 3.1. Sources of productivity growth. 3.2. Investment in knowledge. 3.3. Dynamics of allocative efficiency. 3.4. Learning and efficiency. 3.5. Efficiency persistence -- 4. Stochastic efficiency analysis. 4.1. Stochastic data problem. 4.2. Efficiency frontier under price uncertainty. 4.3. Efficiency distribution analysis. 4.4. Stochastic frontier analysis. 4.5. Statistical test of efficiency -- 5. Industrial applications. 5.1. DEA models for competition. 5.2. Electric power industry: cost and scale efficiency. 5.3. Airlines industry : competition and efficiency. 5.4. Telephone industry: efficiency and profitability. 5.5. Portfolio efficiency frontier: risk and efficiency -- 6. Economic theory and DEA. 6.1. Economics of disequilibrium. 6.2. Cost uncertainty and capacity utilization. 6.3. Cost efficiency and FMS. 6.4. Sequential models of production planning. 6.5. Efficiency under risk aversion.