Aggregation, Efficiency, and Measurement
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Beschreibung
This volume presents the work of leading scholars in the areas of aggregation, efficiency, and measurement, covering both theoretical and empirical aspects of the field. Among the topics included are new results concerning aggregation of technical efficiency, properties and estimation of directional distance functions, sources of productivity growth in U.S. manufacturing, extensions of Data Envelopment Analysis (DEA) models,
the relative efficiency of economies with and without intellectual property rights, and the determinants of successful mergers.
"Bob Russell has made fundamental contributions to the topics that constitute this volume’s title—aggregation, efficiency, and measurement. Although dealing with a wide range of economic phenomenon, including Pareto optimality in overlapping-generations economies, mergers in a principal-agent model, innovations and endogenous growth, and productivity growth in U.S. manufacturing, issues of technical or allocative efficiency feature prominently in all of the contributions to this volume in his honor. The high quality of this collection not only a fitting tribute to Bob Russell, but also a valuable resource for other scholars working on these issues."
John A. Weymark
Professor of Economics
Vanderbilt University
Economists have long studied the efficiency of firms, industries, and entire economies. This volume brings together leading scholars to make connections between efficiency and a number of diverse areas of current interest to economists, including an examination of the efficiency of tax systems across generations that overlap, and the efficiency of firm mergers that highlights the tradeoff between the synergy of the merger and the problem of managerial oversight in the now larger firm. An empirical look at productivity growth of states uses a tripartite decomposition of labor productivity into technological innovation, improvement in efficiency, and the capital deepening brought about by new business investment, shedding light on important debates on their relative importance. The efficiency of patent laws is examined in a modern model of economic growth. These contributions are complemented by analyses of methodological problems involved in the measurement, estimation and aggregation of efficiency indices.
Includes contributions from a broad spectrum of internationally renowned scholars whose research falls in the broad areas of efficiency, optimality, aggregation, growth and index number theory Includes supplementary material: sn.pub/extras
Autor*in
Rolf Färe
Themen in »Aggregation, Efficiency, and Measurement«
Data Envelopment Analysis Data-Envelopment-Analysis calculus data envelopment productivity