Cross efficiency analysis and extended facets

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

The purpose of this paper is to discuss some of the conclusions in a recent paper by Finn Førsund entitled "Cross Efficiency: A Critique". Finn Førsund is criticizing cross-efficiency for lack of economic foundation. I build on extended facet analysis to provide an economic interpretation of each of the different cross-efficiency scores that enters into the "peers' appraisal cross-efficiency averages" of unit j, denoted ECOL(j) in the paper. However, when I consider this new economic interpretation, I end up agreeing with Finn Førsund that it is very difficult to see any meaningful interpretation of these "peers' appraisal cross-efficiency averages".
Original languageEnglish
JournalThe Data Envelopment Analysis Journal
Volume4
Issue number1
Pages (from-to)27-65
Number of pages38
ISSN2161-1823
DOIs
Publication statusPublished - 2018

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Efficiency analysis
Economics
Peers

Cite this

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title = "Cross efficiency analysis and extended facets",
abstract = "The purpose of this paper is to discuss some of the conclusions in a recent paper by Finn F{\o}rsund entitled {"}Cross Efficiency: A Critique{"}. Finn F{\o}rsund is criticizing cross-efficiency for lack of economic foundation. I build on extended facet analysis to provide an economic interpretation of each of the different cross-efficiency scores that enters into the {"}peers' appraisal cross-efficiency averages{"} of unit j, denoted ECOL(j) in the paper. However, when I consider this new economic interpretation, I end up agreeing with Finn F{\o}rsund that it is very difficult to see any meaningful interpretation of these {"}peers' appraisal cross-efficiency averages{"}.",
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Cross efficiency analysis and extended facets. / Olesen, Ole Bent.

In: The Data Envelopment Analysis Journal, Vol. 4, No. 1, 2018, p. 27-65.

Research output: Contribution to journalJournal articleResearchpeer-review

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AB - The purpose of this paper is to discuss some of the conclusions in a recent paper by Finn Førsund entitled "Cross Efficiency: A Critique". Finn Førsund is criticizing cross-efficiency for lack of economic foundation. I build on extended facet analysis to provide an economic interpretation of each of the different cross-efficiency scores that enters into the "peers' appraisal cross-efficiency averages" of unit j, denoted ECOL(j) in the paper. However, when I consider this new economic interpretation, I end up agreeing with Finn Førsund that it is very difficult to see any meaningful interpretation of these "peers' appraisal cross-efficiency averages".

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DO - 10.1561/103.00000023

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