TY - JOUR
AU - Goto, Mika
AB - The purpose of this paper is to measure productive efficiencies when a firm employs quasi-fixed inputs that cannot be instantaneously adjusted to their optimal levels. To this end, data envelopment analysis (DEA) is extended to a dynamic framework so that investment behavior can be modelled with the efficient production frontier. Based on the work of Nemoto and Goto (1999), we show how the efficiencies of quasi-fixed inputs and their adjustment processes are evaluated. An application to Japanese electric utilities over the 1981–1995 period delivers empirically plausible results and proves the usefulness of the procedure.
TI - Measurement of Dynamic Efficiency in Production: An Application of Data Envelopment Analysis to Japanese Electric Utilities
JF - Journal of Productivity Analysis
DO - 10.1023/A:1022805500570
DA - 2004-10-03
UR - https://www.deepdyve.com/lp/springer-journals/measurement-of-dynamic-efficiency-in-production-an-application-of-data-LLzqNrIa26
SP - 191
EP - 210
VL - 19
IS - 3
DP - DeepDyve
ER -