Exact nonradial input, output, and productivity measurement
The use of measures originally suggested by Bennet, Bowley, and Hicks in the context of cost of living, welfare, and consumer surplus measurement to measure inputs, outputs, and productivity is examined. Suitably normalized versions of the Bennet-Bowley measures are shown to be exact and superlative measures of input, output, and productivity indicators.
Volume (Year): 20 (2002)
Issue (Month): 4 ()
|Note:||Received: April 2, 2001; revised version: August 8, 2001|
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