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Benchmark Selection: An Axiomatic Approach

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Author Info
Jens Leth Hougaard (Institute of Economics, University of Copenhagen)
Mich Tvede (Institute of Economics, University of Copenhagen)

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Abstract

Within a production theoretic framework, this paper considers an axiomatic approach to benchmark selection. It is shown that two simple and weak axioms: efficiency and comprehensive monotonicity characterize a natural family of benchmarks which typically becomes unique. Further axioms are added in order to obtain a unique selection.

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Publisher Info
Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 01-06.

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Length: 20 pages
Date of creation: Feb 2001
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Handle: RePEc:kud:kuiedp:0106

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Related research
Keywords: Benchmarking; Production Economics; Selection;

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Find related papers by JEL classification:
C6 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming
D2 - Microeconomics - - Production and Organizations
L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics

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This page was last updated on 2009-11-30.

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