Dynamic Efficiency Measurement: Theory and Application
在调整成本技术和跨期成本最小化背景下，开发了非参数动态生产效率度量方法，并用宾夕法尼亚州奶牛场数据展示了实证应用。
Nonparametric dynamic measures of production efficiency are developed in the context of an adjustment‐cost technology and intertemporal cost minimization. Bounds on each efficiency measure are derived for each firm using a nonparametric revealed preference approach. Long‐run efficiency measures indicate the relative efficiency of both variable and dynamic factors while short‐run measures of efficiency indicate whether variable inputs are employed efficiently in the production process. The efficiency measures are temporal in nature by describing the degree of efficiency of the firm at a particular point along its adjustment path. The empirical implementation is illustrated for a balanced panel of Pennsylvania dairy operators during 1986–1992.