Econometric efficiency analysis: a policy-oriented review

Article Abstract:

The history of the econometric approach to efficiency analysis was significant in 1977 with the introduction of stochastic production frontiers. It has grown more sophisticated since then and has been used in most empirical applications. This approach is different from the mathematical programming approach which has a managerial decision-making orientation. The development of the econometric approach to efficiency analysis is presented. It is applied to public policy issues such as agricultural productivity and the measurement of the standard of living.

Analysis, Econometrics, Agricultural productivity, Cost and standard of living, Cost of living

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Weak efficiency in vector optimization using a closure of algebraic type under cone-convexlikeness

Article Abstract:

A new concept of algebraic type of closure in real linear spaces called vector closure is introduced. Its property is closer to topological closure than algebraic closure. New concepts of generalized convexlikeness are introduced to characterize the weakly efficient solutions in vector optimization.

Study and teaching, Mathematical optimization, Optimization theory, Vector spaces, Vectors (Mathematics)

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Allocative efficiency in branch banking

Article Abstract:

Research is presented concerning the investigation of 50 Swedish savings bank branches to determine branch organization change, and allocative and technical efficiencies. Trends in performance over time are discussed.

Savings Institutions, Savings institutions, except federal, Private Savings Banks, Banking industry, Management, Evaluation, Financial services industry, Financial services, Sweden, Savings banks

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