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Kristiaan H. J. Kerstens

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Kristiaan Kerstens & Jafar Sadeghi, 2023. "Plant capacity notions: review, new definitions, and existence results at firm and industry levels," Post-Print hal-04272630, HAL.

    Cited by:

    1. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & John WALDEN, 2020. "Short-Run Johansen Frontier-Based Industry Models: Methodological Refinements and Empirical Illustration on Fisheries," Working Papers 2020-EQM-01, IESEG School of Management.

  2. Frederic Ang & Kristiaan Kerstens & Jafar Sadeghi, 2022. "Energy productivity and greenhouse gas emission intensity in Dutch dairy farms: A Hicks–Moorsteen by‐production approach under non‐convexity and convexity with equivalence results," Post-Print hal-03833513, HAL.

    Cited by:

    1. Xiaoqing Chen & Kristiaan Kerstens & Mike Tsionas, 2023. "Does Productivity Change at All in Swedish District Courts? Empirical Analysis Focusing on Horizontal Mergers," Working Papers 2023-EQM-03, IESEG School of Management.

  3. Kristiaan Kerstens & Jafar Sadeghi & Mehdi Toloo & Ignace van de Woestyne, 2022. "Procedures for ranking technical and cost efficient units: With a focus on nonconvexity," Post-Print hal-03595989, HAL.

    Cited by:

    1. An, Qingxian & Tao, Xiangyang & Chen, Xiaohong, 2023. "Nested frontier-based best practice regulation under asymmetric information in a principal–agent framework," European Journal of Operational Research, Elsevier, vol. 306(1), pages 269-285.
    2. Esteve, Miriam & Aparicio, Juan & Rodriguez-Sala, Jesus J. & Zhu, Joe, 2023. "Random Forests and the measurement of super-efficiency in the context of Free Disposal Hull," European Journal of Operational Research, Elsevier, vol. 304(2), pages 729-744.

  4. Kristiaan Kerstens & Jafar Sadeghi & Ignace van de Woestyne & Linda Zhang, 2022. "Malmquist productivity indices and plant capacity utilisation: new proposals and empirical application," Post-Print hal-03833257, HAL.

    Cited by:

    1. Helu Xiao & Na Wang & Shanping Wang, 2023. "Dynamic sustainability assessment of poverty alleviation in China: evidence from both novel non-convex global two-stage DEA and Malmquist productivity index," Operational Research, Springer, vol. 23(2), pages 1-40, June.

  5. Kristiaan Kerstens & Paolo Mazza & Tiantian Ren & Ignace van de Woestyne, 2022. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Post-Print hal-03833261, HAL.

    Cited by:

    1. Jin, Qianying & Basso, Antonella & Funari, Stefania & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2024. "Evaluating different groups of mutual funds using a metafrontier approach: Ethical vs. non-ethical funds," European Journal of Operational Research, Elsevier, vol. 312(3), pages 1134-1145.
    2. Carole Bernard & Massimiliano Caporin & Bertrand Maillet & Xiang Zhang, 2023. "Omega Compatibility: A Meta-analysis," Computational Economics, Springer;Society for Computational Economics, vol. 62(2), pages 493-526, August.

  6. Kristiaan Kerstens & Jafar Sadeghi, 2021. "Plant Capacity Notions: Existence Results at Firm and Industry Levels," Working Papers 2021-EQM-04, IESEG School of Management.

    Cited by:

    1. Xiaoqing Chen & Kristiaan Kerstens, 2022. "Evaluating horizontal mergers in Swedish district courts using plant capacity concepts: with a focus on nonconvexity," Post-Print halshs-03924994, HAL.

  7. Walter Briec & Audrey Dumas & Kristiaan Kerstens & Agathe Stenger, 2021. "Generalised Commensurability Properties of Efficiency Measures: Implications for Productivity Indicators," Working Papers 2021-EQM-01, IESEG School of Management.

    Cited by:

    1. Tomas Balezentis & Kristiaan Kerstens & Zhiyang Shen, 2022. "Economic and Environmental Decomposition of Luenberger-Hicks-Moorsteen Total Factor Productivity Indicator: Empirical Analysis of Chinese Textile Firms With a Focus on Reporting Infeasibilities and Qu," Post-Print hal-03833245, HAL.
    2. Haiyan Deng & Ge Bai & Kristiaan Kerstens & Zhiyang Shen, 2023. "Comparing green productivity under convex and nonconvex technologies: Which is a robust approach consistent with energy structure?," Post-Print hal-04273632, HAL.

  8. Xiaoqing Chen & Kristiaan Kerstens & Qingyuan Zhu, 2021. "Exploring Horizontal Mergers in Swedish District Courts Using Convex and Nonconvex Technologies: Usefulness of a Conservative Approach," Working Papers 2021-EQM-05, IESEG School of Management.

    Cited by:

    1. Xiaoqing Chen & Kristiaan Kerstens & Mike Tsionas, 2023. "Does Productivity Change at All in Swedish District Courts? Empirical Analysis Focusing on Horizontal Mergers," Working Papers 2023-EQM-03, IESEG School of Management.
    2. Xiaoqing Chen & Kristiaan Kerstens, 2022. "Evaluating horizontal mergers in Swedish district courts using plant capacity concepts: with a focus on nonconvexity," Post-Print halshs-03924994, HAL.

  9. Kristiaan Kerstens & Zhiyang Shen, 2021. "Using COVID-19 mortality to select among hospital plant capacity models: An exploratory empirical application to Hubei province," Post-Print hal-03130063, HAL.

    Cited by:

    1. Song, Malin & Zhou, Wenzhuo & Upadhyay, Arvind & Shen, Zhiyang, 2023. "Evaluating hospital performance with plant capacity utilization and machine learning," Journal of Business Research, Elsevier, vol. 159(C).
    2. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & Linjia ZHANG, 2020. "Malmquist Productivity Indices and Plant Capacity Utilisation: New Proposals and Empirical Application," Working Papers 2020-EQM-06, IESEG School of Management.
    3. Huang, Chuanli & Wang, Min & Rafaqat, Warda & Shabbir, Salman & Lian, Liping & Zhang, Jun & Lo, Siuming & Song, Weiguo, 2022. "Data-driven test strategy for COVID-19 using machine learning: A study in Lahore, Pakistan," Socio-Economic Planning Sciences, Elsevier, vol. 80(C).
    4. Kristiaan Kerstens & Jafar Sadeghi, 2021. "Plant Capacity Notions: Existence Results at Firm and Industry Levels," Working Papers 2021-EQM-04, IESEG School of Management.
    5. Xiaoqing Chen & Kristiaan Kerstens, 2022. "Evaluating horizontal mergers in Swedish district courts using plant capacity concepts: with a focus on nonconvexity," Post-Print halshs-03924994, HAL.

  10. Kristiaan Kerstens & Ignace van de Woestyne, 2021. "Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless," Post-Print hal-03274911, HAL.

    Cited by:

    1. Kristiaan Kerstens & Jafar Sadeghi & Mehdi Toloo & Ignace van de Woestyne, 2022. "Procedures for ranking technical and cost efficient units: With a focus on nonconvexity," Post-Print hal-03595989, HAL.
    2. Song, Malin & Zhou, Wenzhuo & Upadhyay, Arvind & Shen, Zhiyang, 2023. "Evaluating hospital performance with plant capacity utilization and machine learning," Journal of Business Research, Elsevier, vol. 159(C).
    3. Tomas Balezentis & Kristiaan Kerstens & Zhiyang Shen, 2022. "Economic and Environmental Decomposition of Luenberger-Hicks-Moorsteen Total Factor Productivity Indicator: Empirical Analysis of Chinese Textile Firms With a Focus on Reporting Infeasibilities and Qu," Post-Print hal-03833245, HAL.
    4. Xiaoqing Chen & Kristiaan Kerstens & Mike Tsionas, 2023. "Does Productivity Change at All in Swedish District Courts? Empirical Analysis Focusing on Horizontal Mergers," Working Papers 2023-EQM-03, IESEG School of Management.
    5. An, Qingxian & Tao, Xiangyang & Chen, Xiaohong, 2023. "Nested frontier-based best practice regulation under asymmetric information in a principal–agent framework," European Journal of Operational Research, Elsevier, vol. 306(1), pages 269-285.
    6. Frederic Ang & Kristiaan Kerstens & Jafar Sadeghi, 2023. "Energy productivity and greenhouse gas emission intensity in Dutch dairy farms: A Hicks–Moorsteen by‐production approach under non‐convexity and convexity with equivalence results," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(2), pages 492-509, June.
    7. Fangqing Wei & Yanan Fu & Feng Yang & Chun Sun & Sheng Ang, 2023. "Closest target setting with minimum improvement costs considering demand and resource mismatches," Operational Research, Springer, vol. 23(3), pages 1-29, September.
    8. An, Qingxian & Zhang, Qiaoyu & Tao, Xiangyang, 2023. "Pay-for-performance incentives in benchmarking with quasi S-shaped technology," Omega, Elsevier, vol. 118(C).
    9. Stefano NASINI & Rabia NESSAH, 2021. "Endogenous Learning in Multi-Sector Economies," Working Papers 2021-EQM-08, IESEG School of Management, revised Oct 2023.

  11. Qianying Jin & Kristiaan Kerstens & Ignace van de Woestyne, 2020. "Metafrontier productivity indices: Questioning the common convexification strategy," Post-Print hal-02496997, HAL.

    Cited by:

    1. Fang, Lei, 2022. "Measuring and decomposing group performance under centralized management," European Journal of Operational Research, Elsevier, vol. 297(3), pages 1006-1013.
    2. Helu Xiao & Na Wang & Shanping Wang, 2023. "Dynamic sustainability assessment of poverty alleviation in China: evidence from both novel non-convex global two-stage DEA and Malmquist productivity index," Operational Research, Springer, vol. 23(2), pages 1-40, June.
    3. Jin, Qianying & Basso, Antonella & Funari, Stefania & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2024. "Evaluating different groups of mutual funds using a metafrontier approach: Ethical vs. non-ethical funds," European Journal of Operational Research, Elsevier, vol. 312(3), pages 1134-1145.
    4. Skevas, Theodoros & Martinez-Palomares, Jorge C., 2023. "Technology heterogeneity and sustainability efficiency: Empirical evidence from Peruvian coffee production," European Journal of Operational Research, Elsevier, vol. 310(3), pages 1192-1200.
    5. Haiyan Deng & Ge Bai & Kristiaan Kerstens & Zhiyang Shen, 2023. "Comparing green productivity under convex and nonconvex technologies: Which is a robust approach consistent with energy structure?," Post-Print hal-04273632, HAL.
    6. Cave, Joshua & Chaudhuri, Kausik & Kumbhakar, Subal C., 2023. "Dynamic firm performance and estimator choice: A comparison of dynamic panel data estimators," European Journal of Operational Research, Elsevier, vol. 307(1), pages 447-467.
    7. Núñez, F. & Arcos-Vargas, A. & Villa, G., 2020. "Efficiency benchmarking and remuneration of Spanish electricity distribution companies," Utilities Policy, Elsevier, vol. 67(C).
    8. Yan Meng & Christopher F. Parmeter & Valentin Zelenyuk, 2023. "Is newer always better? A reinvestigation of productivity dynamics using updated PWT data," Journal of Productivity Analysis, Springer, vol. 59(1), pages 1-13, February.
    9. Nguyen, Minh-Anh Thi & Yu, Ming-Miin & Lirn, Taih-Cherng, 2022. "Revenue efficiency across airline business models: A bootstrap non-convex meta-frontier approach," Transport Policy, Elsevier, vol. 117(C), pages 108-117.
    10. Walheer, Barnabé, 2023. "Meta-frontier and technology switchers: A nonparametric approach," European Journal of Operational Research, Elsevier, vol. 305(1), pages 463-474.
    11. Ali Homayoni & Reza Fallahnejad & Farhad Hosseinzadeh Lotfi, 2022. "Cross Malmquist Productivity Index in Data Envelopment Analysis," 4OR, Springer, vol. 20(4), pages 567-602, December.
    12. Chen, Lei & Wang, Ying-Ming, 2023. "Game directional distance function in meta-frontier data envelopment analysis," Omega, Elsevier, vol. 121(C).
    13. Ching-Ren Chiu & Ming-Chung Chang & Jin-Li Hu, 2022. "Energy intensity improvement and energy productivity changes: an analysis of BRICS and G7 countries," Journal of Productivity Analysis, Springer, vol. 57(3), pages 297-311, June.

  12. Kristiaan Kerstens & Jafar Sadeghi & Ignace van de Woestyne, 2020. "Plant capacity notions in a non-parametric framework: a brief review and new graph or non-oriented plant capacities," Post-Print hal-02497012, HAL.

    Cited by:

    1. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & Linjia ZHANG, 2020. "Malmquist Productivity Indices and Plant Capacity Utilisation: New Proposals and Empirical Application," Working Papers 2020-EQM-06, IESEG School of Management.
    2. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & John WALDEN, 2020. "Short-Run Johansen Frontier-Based Industry Models: Methodological Refinements and Empirical Illustration on Fisheries," Working Papers 2020-EQM-01, IESEG School of Management.

  13. Walter Briec & Kristiaan Kerstens & Ignace van de Woestyne, 2020. "Nonconvexity in Production and Cost Functions: An Exploratory and Selective Review," Post-Print hal-03048805, HAL.

    Cited by:

  14. Laurent Cavaignac & Walter Briec & Kristiaan Kerstens, 2020. "Input Efficiency Measures: A Generalised, Encompassing Formulation," Post-Print hal-02496082, HAL.

    Cited by:

    1. Song, Malin & Zhou, Wenzhuo & Upadhyay, Arvind & Shen, Zhiyang, 2023. "Evaluating hospital performance with plant capacity utilization and machine learning," Journal of Business Research, Elsevier, vol. 159(C).

  15. Kristiaan Kerstens & Ignace van de Woestyne, 2019. "The Remarkable Incidence of Congestion in Production: A Review, Empirical Illustration, and Research Agenda," Post-Print hal-02499325, HAL.

    Cited by:

  16. Kristiaan Kerstens & Christopher O’donnell & Ignace van de Woestyne, 2019. "Metatechnology frontier and convexity: A restatement," Post-Print hal-02108502, HAL.

    Cited by:

    1. Fang, Lei, 2022. "Measuring and decomposing group performance under centralized management," European Journal of Operational Research, Elsevier, vol. 297(3), pages 1006-1013.
    2. Laura Carosi & Ana Camanho & Giovanna D’Inverno & Kristof Witte & Rossana Riccardi, 2020. "Preface to the special issue on performance measurement and efficiency analysis—theory and practice," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 43(2), pages 409-412, December.
    3. Azar, Paola & Sicilia, Gabriela, 2023. "Assessing potential improvement in education: Unravelling pupils' and schools’ inefficiencies using a multi-level metafrontier approach," Economic Modelling, Elsevier, vol. 118(C).
    4. See, Kok Fong & Md Hamzah, Nurhafiza & Yu, Ming-Miin, 2021. "Metafrontier efficiency analysis for hospital pharmacy services using dynamic network DEA framework," Socio-Economic Planning Sciences, Elsevier, vol. 78(C).
    5. Wang, Miao & Feng, Chao, 2021. "The consequences of industrial restructuring, regional balanced development, and market-oriented reform for China's carbon dioxide emissions: A multi-tier meta-frontier DEA-based decomposition analysi," Technological Forecasting and Social Change, Elsevier, vol. 164(C).
    6. Shen, Zhiyang & Bai, Kaixuan & Hong, Tianyang & Balezentis, Tomas, 2021. "Evaluation of carbon shadow price within a non-parametric meta-frontier framework: The case of OECD, ASEAN and BRICS," Applied Energy, Elsevier, vol. 299(C).
    7. Yu, Ming-Miin & See, Kok Fong & Hsiao, Bo, 2022. "Integrating group frontier and metafrontier directional distance functions to evaluate the efficiency of production units," European Journal of Operational Research, Elsevier, vol. 301(1), pages 254-276.
    8. Nguyen, Hoa-Thi-Minh & Do, Huong & Kompas, Tom, 2021. "Economic efficiency versus social equity: The productivity challenge for rice production in a ‘greying’ rural Vietnam," World Development, Elsevier, vol. 148(C).
    9. Helu Xiao & Na Wang & Shanping Wang, 2023. "Dynamic sustainability assessment of poverty alleviation in China: evidence from both novel non-convex global two-stage DEA and Malmquist productivity index," Operational Research, Springer, vol. 23(2), pages 1-40, June.
    10. Qianying Jin & Kristiaan Kerstens & Ignace van de Woestyne, 2020. "Metafrontier productivity indices: Questioning the common convexification strategy," Post-Print hal-02496997, HAL.
    11. Kristiaan Kerstens & Paolo Mazza & Tiantian Ren & Ignace Van de Woestyne, 2021. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Working Papers 2021-EQM-03, IESEG School of Management.
    12. Jin, Qianying & Basso, Antonella & Funari, Stefania & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2024. "Evaluating different groups of mutual funds using a metafrontier approach: Ethical vs. non-ethical funds," European Journal of Operational Research, Elsevier, vol. 312(3), pages 1134-1145.
    13. Skevas, Theodoros & Martinez-Palomares, Jorge C., 2023. "Technology heterogeneity and sustainability efficiency: Empirical evidence from Peruvian coffee production," European Journal of Operational Research, Elsevier, vol. 310(3), pages 1192-1200.
    14. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & John WALDEN, 2020. "Short-Run Johansen Frontier-Based Industry Models: Methodological Refinements and Empirical Illustration on Fisheries," Working Papers 2020-EQM-01, IESEG School of Management.
    15. Haiyan Deng & Ge Bai & Kristiaan Kerstens & Zhiyang Shen, 2023. "Comparing green productivity under convex and nonconvex technologies: Which is a robust approach consistent with energy structure?," Post-Print hal-04273632, HAL.
    16. Barra, Cristian & Lagravinese, Raffaele & Zotti, Roberto, 2020. "Exploring Hospital Efficiency within and between Italian Regions: New Empirical Evidence," Department of Economics and Statistics Cognetti de Martiis. Working Papers 202024, University of Turin.
    17. Mehdiloo, Mahmood & Podinovski, Victor V., 2021. "Strong, weak and Farrell efficient frontiers of technologies satisfying different production assumptions," European Journal of Operational Research, Elsevier, vol. 294(1), pages 295-311.
    18. Chin‐wei Huang & Hsiao‐Yin Chen, 2023. "Using nonradial metafrontier data envelopment analysis to evaluate the metatechnology and metafactor ratios for the Taiwanese hotel industry," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(4), pages 1904-1919, June.
    19. Núñez, F. & Arcos-Vargas, A. & Villa, G., 2020. "Efficiency benchmarking and remuneration of Spanish electricity distribution companies," Utilities Policy, Elsevier, vol. 67(C).
    20. Ming-Miin Yu & Li-Hsueh Chen, 2020. "A meta-frontier network data envelopment analysis approach for the measurement of technological bias with network production structure," Annals of Operations Research, Springer, vol. 287(1), pages 495-514, April.
    21. Jayanath Ananda & Dong-hyun Oh, 2023. "Assessing environmentally sensitive productivity growth: incorporating externalities and heterogeneity into water sector evaluations," Journal of Productivity Analysis, Springer, vol. 59(1), pages 45-60, February.
    22. An, Qingxian & Tao, Xiangyang & Chen, Xiaohong, 2023. "Nested frontier-based best practice regulation under asymmetric information in a principal–agent framework," European Journal of Operational Research, Elsevier, vol. 306(1), pages 269-285.
    23. D’Inverno, Giovanna & Smet, Mike & De Witte, Kristof, 2021. "Impact evaluation in a multi-input multi-output setting: Evidence on the effect of additional resources for schools," European Journal of Operational Research, Elsevier, vol. 290(3), pages 1111-1124.
    24. Tang, Liwei & He, Gang, 2021. "How to improve total factor energy efficiency? An empirical analysis of the Yangtze River economic belt of China," Energy, Elsevier, vol. 235(C).
    25. Nguyen, Minh-Anh Thi & Yu, Ming-Miin & Lirn, Taih-Cherng, 2022. "Revenue efficiency across airline business models: A bootstrap non-convex meta-frontier approach," Transport Policy, Elsevier, vol. 117(C), pages 108-117.
    26. Tsionas, Mike G., 2023. "Clustering and meta-envelopment in data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 304(2), pages 763-778.
    27. Justas Streimikis & Zhuang Miao & Tomas Balezentis, 2021. "Creation of climate‐smart and energy‐efficient agriculture in the European Union: Pathways based on the frontier analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 576-589, January.
    28. Esteve, Miriam & Aparicio, Juan & Rodriguez-Sala, Jesus J. & Zhu, Joe, 2023. "Random Forests and the measurement of super-efficiency in the context of Free Disposal Hull," European Journal of Operational Research, Elsevier, vol. 304(2), pages 729-744.
    29. Mohsen Afsharian, 2020. "A metafrontier-based yardstick competition mechanism for incentivising units in centrally managed multi-group organisations," Annals of Operations Research, Springer, vol. 288(2), pages 681-700, May.
    30. Alecos Papadopoulos, 2021. "Measuring the effect of management on production: a two-tier stochastic frontier approach," Empirical Economics, Springer, vol. 60(6), pages 3011-3041, June.
    31. Xiao, Helu & Zhou, Zhongbao & Ren, Teng & Liu, Wenbin, 2022. "Estimation of portfolio efficiency in nonconvex settings: A free disposal hull estimator with non-increasing returns to scale," Omega, Elsevier, vol. 111(C).
    32. Elizabeth Ahikiriza & Jef Meensel & Xavier Gellynck & Ludwig Lauwers, 2021. "Heterogeneity in frontier analysis: does it matter for benchmarking farms?," Journal of Productivity Analysis, Springer, vol. 56(2), pages 69-84, December.
    33. Yu, Ming-Miin & Lin, Chung-I & Chen, Kuan-Chen & Chen, Li-Hsueh, 2021. "Measuring Taiwanese bank performance: A two-system dynamic network data envelopment analysis approach," Omega, Elsevier, vol. 98(C).
    34. Ching-Ren Chiu & Ming-Chung Chang & Jin-Li Hu, 2022. "Energy intensity improvement and energy productivity changes: an analysis of BRICS and G7 countries," Journal of Productivity Analysis, Springer, vol. 57(3), pages 297-311, June.
    35. Tsionas, Mike G., 2020. "On a model of environmental performance and technology gaps," European Journal of Operational Research, Elsevier, vol. 285(3), pages 1141-1152.
    36. Afsharian, Mohsen & Ahn, Heinz & Harms, Sören Guntram, 2021. "A review of DEA approaches applying a common set of weights: The perspective of centralized management," European Journal of Operational Research, Elsevier, vol. 294(1), pages 3-15.
    37. Valero-Carreras, Daniel & Aparicio, Juan & Guerrero, Nadia M., 2021. "Support vector frontiers: A new approach for estimating production functions through support vector machines," Omega, Elsevier, vol. 104(C).

  17. Walter Briec & Diego Prior & Ignace van de Woestyne & Kristiaan Kerstens, 2019. "Productivity And Efficiency Analysis Software: An Exploratory Bibliographical Survey Of The Options," Post-Print hal-01989316, HAL.

    Cited by:

    1. Laura Carosi & Ana Camanho & Giovanna D’Inverno & Kristof Witte & Rossana Riccardi, 2020. "Preface to the special issue on performance measurement and efficiency analysis—theory and practice," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 43(2), pages 409-412, December.
    2. Tomasz Kijek & Anna Matras-Bolibok, 2020. "Knowledge-intensive Specialisation and Total Factor Productivity (TFP) in the EU Regional Scope," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 68(1), pages 181-188.
    3. Daraio, Cinzia & Kerstens, Kristiaan & Nepomuceno, Thyago & Sickles, Robin C., 2019. "Empirical Surveys of Frontier Applications: A Meta-Review," Working Papers 19-005, Rice University, Department of Economics.
    4. Barbero, Javier & Zofío, José L., 2023. "The measurement of profit, profitability, cost and revenue efficiency through data envelopment analysis: A comparison of models using BenchmarkingEconomicEfficiency.jl," Socio-Economic Planning Sciences, Elsevier, vol. 89(C).
    5. Sickles, Robin C. & Song, Wonho & Zelenyuk, Valentin, 2018. "Econometric Analysis of Productivity: Theory and Implementation in R," Working Papers 18-008, Rice University, Department of Economics.
    6. Xiaoqing Chen & Kristiaan Kerstens & Qingyuan Zhu, 2021. "Exploring Horizontal Mergers in Swedish District Courts Using Convex and Nonconvex Technologies: Usefulness of a Conservative Approach," Working Papers 2021-EQM-05, IESEG School of Management.
    7. Arkadiusz Kijek & Tomasz Kijek, 2020. "Nonlinear Effects of Human Capital and R&D on TFP: Evidence from European Regions," Sustainability, MDPI, vol. 12(5), pages 1-14, February.
    8. Balk, B.M. & Barbero, J. & Zofío, J.L., 2018. "A Total Factor Productivity Toolbox for MATLAB," ERIM Report Series Research in Management ERS-2018-004-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    9. Rafael Benítez & Vicente Coll-Serrano & Vicente J. Bolós, 2021. "deaR-Shiny: An Interactive Web App for Data Envelopment Analysis," Sustainability, MDPI, vol. 13(12), pages 1-19, June.
    10. Amir Moradi-Motlagh & Ali Emrouznejad, 2022. "The origins and development of statistical approaches in non-parametric frontier models: a survey of the first two decades of scholarly literature (1998–2020)," Annals of Operations Research, Springer, vol. 318(1), pages 713-741, November.
    11. Thyago Celso Cavalcante Nepomuceno & Katarina Tatiana Marques Santiago & Cinzia Daraio & Ana Paula Cabral Seixas Costa, 2022. "Exogenous crimes and the assessment of public safety efficiency and effectiveness," Annals of Operations Research, Springer, vol. 316(2), pages 1349-1382, September.

  18. Daraio, Cinzia & Kerstens, Kristiaan & Nepomuceno, Thyago & Sickles, Robin C., 2019. "Empirical Surveys of Frontier Applications: A Meta-Review," Working Papers 19-005, Rice University, Department of Economics.

    Cited by:

    1. Laura Carosi & Ana Camanho & Giovanna D’Inverno & Kristof Witte & Rossana Riccardi, 2020. "Preface to the special issue on performance measurement and efficiency analysis—theory and practice," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 43(2), pages 409-412, December.
    2. Tatiana Bencova & Andrea Bohacikova, 2022. "DEA in Performance Measurement of Two-Stage Processes: Comparative Overview of the Literature," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 111-129.
    3. Khan, Ashraf & Goodell, John W. & Hassan, M. Kabir & Paltrinieri, Andrea, 2022. "A bibliometric review of finance bibliometric papers," Finance Research Letters, Elsevier, vol. 47(PA).
    4. Marcos Gonçalves Perroni & Claudimar Pereira da Veiga & Zhaohui Su & Fernando Maciel Ramos & Wesley Vieira da Silva, 2023. "Dynamic Equilibrium of Sustainable Ecosystem Variables: An Experiment," Sustainability, MDPI, vol. 15(8), pages 1-21, April.
    5. Thyago C. C. Nepomuceno & Ana Paula C. S. Costa, 2019. "Resource allocation with Time Series DEA applied to Brazilian Federal Saving banks," Economics Bulletin, AccessEcon, vol. 39(2), pages 1384-1392.
    6. Vladim'ir Hol'y & Tom'av{s} Evan, 2021. "The Role of a Nation's Culture in the Country's Governance: Stochastic Frontier Analysis," Papers 2102.05411, arXiv.org, revised Apr 2021.
    7. Kassoum Ayouba, 2023. "Spatial dependence in production frontier models," Journal of Productivity Analysis, Springer, vol. 60(1), pages 21-36, August.
    8. Vladimír Holý & Tomáš Evan, 2022. "The role of a nation’s culture in the country’s governance: Stochastic frontier analysis," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 30(2), pages 507-520, June.
    9. Pankaj Dutta & Bharath Jaikumar & Manpreet Singh Arora, 2022. "Applications of data envelopment analysis in supplier selection between 2000 and 2020: a literature review," Annals of Operations Research, Springer, vol. 315(2), pages 1399-1454, August.
    10. Thyago C. C. Nepomuceno & Cinzia Daraio & Ana Paula C. S. Costa, 2021. "Multicriteria Ranking for the Efficient and Effective Assessment of Police Departments," Sustainability, MDPI, vol. 13(8), pages 1-15, April.
    11. Tsionas, Mike G. & Patel, Pankaj C., 2023. "Accounting for intra-industry technological heterogeneity in the measurement of operations efficiency," International Journal of Production Economics, Elsevier, vol. 260(C).
    12. Thyago Celso Cavalcante Nepomuceno & Katarina Tatiana Marques Santiago & Cinzia Daraio & Ana Paula Cabral Seixas Costa, 2022. "Exogenous crimes and the assessment of public safety efficiency and effectiveness," Annals of Operations Research, Springer, vol. 316(2), pages 1349-1382, September.
    13. Wang, Zihan & Huang, Fubin & Liu, Jing & Shuai, Jing & Shuai, Chuanmin, 2020. "Does solar PV bring a sustainable future to the poor? -- an empirical study of anti-poverty policy effects on environmental sustainability in rural China," Energy Policy, Elsevier, vol. 145(C).

  19. Giovanni Cesaroni & Kristiaan Kerstens & Ignace van de Woestyne, 2019. "Short- and long-run plant capacity notions: Definitions and comparison," Post-Print hal-02108470, HAL.

    Cited by:

    1. Kristiaan Kerstens & Jafar Sadeghi & Ignace Van de Woestyne, 2020. "Plant capacity notions in a non-parametric framework: a brief review and new graph or non-oriented plant capacities," Annals of Operations Research, Springer, vol. 288(2), pages 837-860, May.
    2. Chen, Zhenling & Zhang, Xiaoling & Ni, Guohua, 2020. "Decomposing capacity utilization under carbon dioxide emissions reduction constraints in data envelopment analysis: An application to Chinese regions," Energy Policy, Elsevier, vol. 139(C).
    3. Zhuo-wan Liu & Tomas Balezentis & Yao-yao Song & Guo-liang Yang, 2019. "Estimating Capacity Utilization of Chinese State Farms," Sustainability, MDPI, vol. 11(18), pages 1-29, September.
    4. Song, Malin & Zhou, Wenzhuo & Upadhyay, Arvind & Shen, Zhiyang, 2023. "Evaluating hospital performance with plant capacity utilization and machine learning," Journal of Business Research, Elsevier, vol. 159(C).
    5. Kristiaan Kerstens & Jafar Sadeghi, 2024. "Plant capacity notions: review, new definitions, and existence results at firm and industry levels," International Journal of Production Research, Taylor & Francis Journals, vol. 62(3), pages 1017-1040, February.
    6. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & Linjia ZHANG, 2020. "Malmquist Productivity Indices and Plant Capacity Utilisation: New Proposals and Empirical Application," Working Papers 2020-EQM-06, IESEG School of Management.
    7. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & John WALDEN, 2020. "Short-Run Johansen Frontier-Based Industry Models: Methodological Refinements and Empirical Illustration on Fisheries," Working Papers 2020-EQM-01, IESEG School of Management.
    8. Kerstens, Kristiaan & Sadeghi, Jafar & Van de Woestyne, Ignace, 2019. "Convex and nonconvex input-oriented technical and economic capacity measures: An empirical comparison," European Journal of Operational Research, Elsevier, vol. 276(2), pages 699-709.
    9. Kristiaan Kerstens & Zhiyang Shen, 2021. "Using COVID-19 mortality to select among hospital plant capacity models: An exploratory empirical application to Hubei province," Post-Print hal-03130063, HAL.
    10. Yao-yao Song & Xian-tong Ren & Guo-liang Yang, 2023. "Capacity utilization change over time," Journal of Productivity Analysis, Springer, vol. 59(1), pages 61-78, February.
    11. Yang, Jiawei & Li, Yuanyu & Fang, Lei, 2023. "Financing capacity planning with environmental considerations: A non-parametric analysis," Omega, Elsevier, vol. 118(C).
    12. Cui, Yuan & Ren, Xian-tong & He, Xi-jie & Yang, Guo-liang, 2023. "Is human and financial investment in Chinese universities effective?," Socio-Economic Planning Sciences, Elsevier, vol. 88(C).
    13. Kristiaan Kerstens & Jafar Sadeghi, 2021. "Plant Capacity Notions: Existence Results at Firm and Industry Levels," Working Papers 2021-EQM-04, IESEG School of Management.
    14. Xiaoqing Chen & Kristiaan Kerstens, 2022. "Evaluating horizontal mergers in Swedish district courts using plant capacity concepts: with a focus on nonconvexity," Post-Print halshs-03924994, HAL.
    15. Fukuyama, Hirofumi & Song, Yao-yao & Ren, Xian-tong & Yang, Guo-liang, 2022. "Using a novel DEA-based model to investigate capacity utilization of Chinese firms," Omega, Elsevier, vol. 106(C).
    16. Mohieddine Rahmouni, 2021. "Determinants of capacity utilisation by firms in developing countries: evidence from Tunisia," International Journal of Technological Learning, Innovation and Development, Inderscience Enterprises Ltd, vol. 13(3), pages 212-245.
    17. Ray, Subhash C. & Walden, John & Chen, Lei, 2021. "Economic measures of capacity utilization: A nonparametric short-run cost function analysis," European Journal of Operational Research, Elsevier, vol. 293(1), pages 375-387.

  20. Kristiaan Kerstens & Jafar Sadeghi & Ignace van de Woestyne, 2019. "Convex and nonconvex input-oriented technical and economic capacity measures: An empirical comparison," Post-Print hal-02108539, HAL.

    Cited by:

    1. Kristiaan Kerstens & Jafar Sadeghi & Mehdi Toloo & Ignace van de Woestyne, 2022. "Procedures for ranking technical and cost efficient units: With a focus on nonconvexity," Post-Print hal-03595989, HAL.
    2. Kristiaan Kerstens & Jafar Sadeghi & Ignace Van de Woestyne, 2020. "Plant capacity notions in a non-parametric framework: a brief review and new graph or non-oriented plant capacities," Annals of Operations Research, Springer, vol. 288(2), pages 837-860, May.
    3. Geraldo Souza & Eliane Gonçalves Gomes & Eliseu Roberto Alves, 2022. "Two-part fractional regression model with conditional FDH responses: an application to Brazilian agriculture," Annals of Operations Research, Springer, vol. 314(2), pages 393-409, July.
    4. Kristiaan Kerstens & Ignace van de Woestyne, 2021. "Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless," Post-Print hal-03274911, HAL.
    5. Carlucci, Fabio & Corcione, Carlo & Mazzocchi, Paolo & Trincone, Barbara, 2021. "The role of logistics in promoting Italian agribusiness: The Belt and Road Initiative case study," Land Use Policy, Elsevier, vol. 108(C).
    6. Quintano, Claudio & Mazzocchi, Paolo & Rocca, Antonella, 2021. "Evaluation of the eco-efficiency of territorial districts with seaport economic activities," Utilities Policy, Elsevier, vol. 71(C).
    7. Zhuo-wan Liu & Tomas Balezentis & Yao-yao Song & Guo-liang Yang, 2019. "Estimating Capacity Utilization of Chinese State Farms," Sustainability, MDPI, vol. 11(18), pages 1-29, September.
    8. Song, Malin & Zhou, Wenzhuo & Upadhyay, Arvind & Shen, Zhiyang, 2023. "Evaluating hospital performance with plant capacity utilization and machine learning," Journal of Business Research, Elsevier, vol. 159(C).
    9. Yuan, Qianqian & Baležentis, Tomas & Shen, Zhiyang & Streimikiene, Dalia, 2021. "Economic and environmental performance of the belt and road countries under convex and nonconvex production technologies," Journal of Asian Economics, Elsevier, vol. 75(C).
    10. Kristiaan Kerstens & Zhiyang Shen, 2021. "Using COVID-19 mortality to select among hospital plant capacity models: An exploratory empirical application to Hubei province," Post-Print hal-03130063, HAL.
    11. Xiaoqing Chen & Kristiaan Kerstens, 2022. "Evaluating horizontal mergers in Swedish district courts using plant capacity concepts: with a focus on nonconvexity," Post-Print halshs-03924994, HAL.
    12. Fukuyama, Hirofumi & Song, Yao-yao & Ren, Xian-tong & Yang, Guo-liang, 2022. "Using a novel DEA-based model to investigate capacity utilization of Chinese firms," Omega, Elsevier, vol. 106(C).
    13. Fukuyama, Hirofumi & Liu, Hui-hui & Song, Yao-yao & Yang, Guo-liang, 2021. "Measuring the capacity utilization of the 48 largest iron and steel enterprises in China," European Journal of Operational Research, Elsevier, vol. 288(2), pages 648-665.

  21. Kristiaan Kerstens & Javad Sadeghi & Ignace van de Woestyne, 2019. "Plant Capacity and Attainability: Exploration and Remedies," Post-Print hal-01913710, HAL.

    Cited by:

    1. Kristiaan Kerstens & Jafar Sadeghi & Ignace Van de Woestyne, 2020. "Plant capacity notions in a non-parametric framework: a brief review and new graph or non-oriented plant capacities," Annals of Operations Research, Springer, vol. 288(2), pages 837-860, May.
    2. Zhuo-wan Liu & Tomas Balezentis & Yao-yao Song & Guo-liang Yang, 2019. "Estimating Capacity Utilization of Chinese State Farms," Sustainability, MDPI, vol. 11(18), pages 1-29, September.
    3. Song, Malin & Zhou, Wenzhuo & Upadhyay, Arvind & Shen, Zhiyang, 2023. "Evaluating hospital performance with plant capacity utilization and machine learning," Journal of Business Research, Elsevier, vol. 159(C).
    4. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & Linjia ZHANG, 2020. "Malmquist Productivity Indices and Plant Capacity Utilisation: New Proposals and Empirical Application," Working Papers 2020-EQM-06, IESEG School of Management.
    5. Kerstens, Kristiaan & Sadeghi, Jafar & Van de Woestyne, Ignace, 2019. "Convex and nonconvex input-oriented technical and economic capacity measures: An empirical comparison," European Journal of Operational Research, Elsevier, vol. 276(2), pages 699-709.
    6. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "Short- and Long-run Plant Capacity Notions: Definitions and Comparison," Working Papers 2017-EQM-04, IESEG School of Management.
    7. Kristiaan Kerstens & Zhiyang Shen, 2021. "Using COVID-19 mortality to select among hospital plant capacity models: An exploratory empirical application to Hubei province," Post-Print hal-03130063, HAL.
    8. Yang, Jiawei & Li, Yuanyu & Fang, Lei, 2023. "Financing capacity planning with environmental considerations: A non-parametric analysis," Omega, Elsevier, vol. 118(C).
    9. Fukuyama, Hirofumi & Song, Yao-yao & Ren, Xian-tong & Yang, Guo-liang, 2022. "Using a novel DEA-based model to investigate capacity utilization of Chinese firms," Omega, Elsevier, vol. 106(C).
    10. Ray, Subhash C. & Walden, John & Chen, Lei, 2021. "Economic measures of capacity utilization: A nonparametric short-run cost function analysis," European Journal of Operational Research, Elsevier, vol. 293(1), pages 375-387.

  22. Kristiaan Kerstens & Ignace van de Woestyne, 2018. "Enumeration algorithms for FDH directional distance functions under different returns to scale assumptions," Post-Print hal-01733347, HAL.

    Cited by:

    1. Geraldo Souza & Eliane Gonçalves Gomes & Eliseu Roberto Alves, 2022. "Two-part fractional regression model with conditional FDH responses: an application to Brazilian agriculture," Annals of Operations Research, Springer, vol. 314(2), pages 393-409, July.
    2. Ning Zhu & Xiang Dai & Tomas Baležentis & Dalia Streimikiene & Zhiyang Shen, 2022. "Estimating production gains from international cooperation: Evidence from countries along the Belt and Road," Economic Change and Restructuring, Springer, vol. 55(2), pages 715-736, May.
    3. Mehdiloo, Mahmood & Podinovski, Victor V., 2021. "Strong, weak and Farrell efficient frontiers of technologies satisfying different production assumptions," European Journal of Operational Research, Elsevier, vol. 294(1), pages 295-311.
    4. Xiao, Helu & Zhou, Zhongbao & Ren, Teng & Liu, Wenbin, 2022. "Estimation of portfolio efficiency in nonconvex settings: A free disposal hull estimator with non-increasing returns to scale," Omega, Elsevier, vol. 111(C).
    5. Peixin Duan, 2022. "How large of a grant size is appropriate? Evidence from the National Natural Science Foundation of China," PLOS ONE, Public Library of Science, vol. 17(2), pages 1-14, February.

  23. Kristiaan Kerstens & Zhiyang Shen & Ignace van de Woestyne, 2018. "Comparing Luenberger and Luenberger-Hicks-Moorsteen productivity indicators: How well is total factor productivity approximated?," Post-Print hal-01744631, HAL.

    Cited by:

    1. Shen, Zhiyang & Wu, Haitao & Bai, Kaixuan & Hao, Yu, 2022. "Integrating economic, environmental and societal performance within the productivity measurement," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    2. Jens J. Krüger, 2020. "Long‐run productivity trends: A global update with a global index," Review of Development Economics, Wiley Blackwell, vol. 24(4), pages 1393-1412, November.
    3. Deng, Haiyan & Zheng, Wangyi & Shen, Zhiyang & Štreimikienė, Dalia, 2023. "Does fiscal expenditure promote green agricultural productivity gains: An investigation on corn production," Applied Energy, Elsevier, vol. 334(C).
    4. Helu Xiao & Na Wang & Shanping Wang, 2023. "Dynamic sustainability assessment of poverty alleviation in China: evidence from both novel non-convex global two-stage DEA and Malmquist productivity index," Operational Research, Springer, vol. 23(2), pages 1-40, June.
    5. Qianying Jin & Kristiaan Kerstens & Ignace van de Woestyne, 2020. "Metafrontier productivity indices: Questioning the common convexification strategy," Post-Print hal-02496997, HAL.
    6. Tomas Balezentis & Kristiaan Kerstens & Zhiyang Shen, 2022. "Economic and Environmental Decomposition of Luenberger-Hicks-Moorsteen Total Factor Productivity Indicator: Empirical Analysis of Chinese Textile Firms With a Focus on Reporting Infeasibilities and Qu," Post-Print hal-03833245, HAL.
    7. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & Linjia ZHANG, 2020. "Malmquist Productivity Indices and Plant Capacity Utilisation: New Proposals and Empirical Application," Working Papers 2020-EQM-06, IESEG School of Management.
    8. Guerrini, Andrea & Molinos-Senante, María & Romano, Giulia, 2018. "Italian regulatory reform and water utility performance: An impact analysis," Utilities Policy, Elsevier, vol. 52(C), pages 95-102.
    9. Mocholi-Arce, Manuel & Sala-Garrido, Ramon & Molinos-Senante, Maria & Maziotis, Alexandros, 2023. "Profit productivity change in the English and Welsh water sector: Impact of the price reviews," Utilities Policy, Elsevier, vol. 82(C).
    10. Haiyan Deng & Ge Bai & Kristiaan Kerstens & Zhiyang Shen, 2023. "Comparing green productivity under convex and nonconvex technologies: Which is a robust approach consistent with energy structure?," Post-Print hal-04273632, HAL.
    11. Mocholi-Arce, Manuel & Sala-Garrido, Ramon & Molinos-Senante, Maria & Maziotis, Alexandros, 2021. "Water company productivity change: A disaggregated approach accounting for changes in inputs and outputs," Utilities Policy, Elsevier, vol. 70(C).
    12. Frederic Ang & Kristiaan Kerstens & Jafar Sadeghi, 2023. "Energy productivity and greenhouse gas emission intensity in Dutch dairy farms: A Hicks–Moorsteen by‐production approach under non‐convexity and convexity with equivalence results," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(2), pages 492-509, June.
    13. Tang, Liwei & He, Gang, 2021. "How to improve total factor energy efficiency? An empirical analysis of the Yangtze River economic belt of China," Energy, Elsevier, vol. 235(C).
    14. Zhensheng Chen & Xueli Chen & Tomas Baležentis & Xiaoqing Gan & Vivian Valdmanis, 2020. "Productivity change and its driving forces in Chinese healthcare sector," PLOS ONE, Public Library of Science, vol. 15(12), pages 1-16, December.
    15. Zhiyang Shen & Vivian Valdmanis, 2020. "Identifying the contribution to hospital performance among Chinese regions by an aggregate directional distance function," Health Care Management Science, Springer, vol. 23(1), pages 142-152, March.
    16. Miao, Zhuang & Baležentis, Tomas & Shao, Shuai & Chang, Dongfeng, 2019. "Energy use, industrial soot and vehicle exhaust pollution—China's regional air pollution recognition, performance decomposition and governance," Energy Economics, Elsevier, vol. 83(C), pages 501-514.
    17. Justas Streimikis & Zhuang Miao & Tomas Balezentis, 2021. "Creation of climate‐smart and energy‐efficient agriculture in the European Union: Pathways based on the frontier analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 576-589, January.
    18. Zhiyang Shen & Vivian Valdmanis, 2022. "Assessing total factor productivity across Africa: an empirical investigation," Journal of Productivity Analysis, Springer, vol. 58(2), pages 239-253, December.
    19. Walter Briec & Audrey Dumas & Kristiaan Kerstens & Agathe Stenger, 2021. "Generalised Commensurability Properties of Efficiency Measures: Implications for Productivity Indicators," Working Papers 2021-EQM-01, IESEG School of Management.
    20. Xueli Chen & Vivian Valdmanis & Tuotuo Yu, 2020. "Productivity Growth in Chinese Medical Institutions during 2009–2018," Sustainability, MDPI, vol. 12(8), pages 1-17, April.
    21. Ang, Frederic & Kerstens, Pieter Jan, 2020. "A superlative indicator for the Luenberger-Hicks-Moorsteen productivity indicator: Theory and application," European Journal of Operational Research, Elsevier, vol. 285(3), pages 1161-1173.
    22. Shen, Zhiyang & Baležentis, Tomas & Chen, Xueli & Valdmanis, Vivian, 2018. "Green growth and structural change in Chinese agricultural sector during 1997–2014," China Economic Review, Elsevier, vol. 51(C), pages 83-96.
    23. Li, Yanxi & Yu, Conghui & Shi, Jinyan & Liu, Yuanyuan, 2023. "How does green bond issuance affect total factor productivity? Evidence from Chinese listed enterprises," Energy Economics, Elsevier, vol. 123(C).

  24. Giovanni Cesaroni & Kristiaan Kerstens & Ignace van de Woestyne, 2017. "Estimating scale economies in non-convex production models," Post-Print hal-01744569, HAL.

    Cited by:

    1. Geraldo Souza & Eliane Gonçalves Gomes & Eliseu Roberto Alves, 2022. "Two-part fractional regression model with conditional FDH responses: an application to Brazilian agriculture," Annals of Operations Research, Springer, vol. 314(2), pages 393-409, July.
    2. Kristiaan Kerstens & Ignace van de Woestyne, 2021. "Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless," Post-Print hal-03274911, HAL.
    3. Yu, Ming-Miin & Lin, Chung-I & Chen, Kuan-Chen & Chen, Li-Hsueh, 2021. "Measuring Taiwanese bank performance: A two-system dynamic network data envelopment analysis approach," Omega, Elsevier, vol. 98(C).

  25. Walter Briec & Kristiaan Kerstens & Ignace van de Woestyne, 2017. "Hypercongestion in production correspondences: an empirical exploration," Post-Print hal-01744571, HAL.

    Cited by:

    1. Walter Briec & Laurent Cavaignac & Kristiaan Kerstens, 2020. "Input Efficiency Measures: A Generalized, Encompassing Formulation," Operations Research, INFORMS, vol. 68(6), pages 1836-1849, November.
    2. Frederic Ang & Kristiaan Kerstens & Jafar Sadeghi, 2023. "Energy productivity and greenhouse gas emission intensity in Dutch dairy farms: A Hicks–Moorsteen by‐production approach under non‐convexity and convexity with equivalence results," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(2), pages 492-509, June.

  26. Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "How Harmless is Convexification for Nonparametric Cost Function Estimates?," Working Papers 2017-EQM-03, IESEG School of Management.

    Cited by:

    1. Geraldo Souza & Eliane Gonçalves Gomes & Eliseu Roberto Alves, 2022. "Two-part fractional regression model with conditional FDH responses: an application to Brazilian agriculture," Annals of Operations Research, Springer, vol. 314(2), pages 393-409, July.

  27. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van De Woestyne, 2017. "Global and local scale characteristics in convex and nonconvex nonparametric technologies: A first empirical exploration," Post-Print hal-01533520, HAL.

    Cited by:

    1. Kristiaan Kerstens & Ignace van de Woestyne, 2021. "Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless," Post-Print hal-03274911, HAL.
    2. Ning Zhu & Xiang Dai & Tomas Baležentis & Dalia Streimikiene & Zhiyang Shen, 2022. "Estimating production gains from international cooperation: Evidence from countries along the Belt and Road," Economic Change and Restructuring, Springer, vol. 55(2), pages 715-736, May.
    3. Yuan, Qianqian & Baležentis, Tomas & Shen, Zhiyang & Streimikiene, Dalia, 2021. "Economic and environmental performance of the belt and road countries under convex and nonconvex production technologies," Journal of Asian Economics, Elsevier, vol. 75(C).
    4. Xiaoqing Chen & Kristiaan Kerstens & Mike Tsionas, 2023. "Does Productivity Change at All in Swedish District Courts? Empirical Analysis Focusing on Horizontal Mergers," Working Papers 2023-EQM-03, IESEG School of Management.
    5. Mehdiloo, Mahmood & Podinovski, Victor V., 2019. "Selective strong and weak disposability in efficiency analysis," European Journal of Operational Research, Elsevier, vol. 276(3), pages 1154-1169.
    6. Walter Briec & Ignace van de Woestyne & Kristiaan Kerstens, 2022. "Nonconvexity in Production and Cost Functions: An Exploratory and Selective Review," Post-Print hal-03833475, HAL.
    7. Delnava, Haleh & Khosravi, Ali & El Haj Assad, Mamdouh, 2023. "Metafrontier frameworks for estimating solar power efficiency in the United States using stochastic nonparametric envelopment of data (StoNED)," Renewable Energy, Elsevier, vol. 213(C), pages 195-204.
    8. Xiaoqing Chen & Kristiaan Kerstens & Qingyuan Zhu, 2021. "Exploring Horizontal Mergers in Swedish District Courts Using Convex and Nonconvex Technologies: Usefulness of a Conservative Approach," Working Papers 2021-EQM-05, IESEG School of Management.
    9. Xiao, Helu & Zhou, Zhongbao & Ren, Teng & Liu, Wenbin, 2022. "Estimation of portfolio efficiency in nonconvex settings: A free disposal hull estimator with non-increasing returns to scale," Omega, Elsevier, vol. 111(C).
    10. Cesaroni, Giovanni, 2020. "Technically and cost-efficient centralized allocations in data envelopment analysis," Socio-Economic Planning Sciences, Elsevier, vol. 70(C).
    11. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "Estimating scale economies in non-convex production models," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(11), pages 1442-1451, November.
    12. Podinovski, Victor V. & Bouzdine-Chameeva, Tatiana, 2019. "Cone extensions of polyhedral production technologies," European Journal of Operational Research, Elsevier, vol. 276(2), pages 736-743.

  28. Giovanni Cesaroni & Kristiaan Kerstens & Ignace van de Woestyne, 2017. "A New Input-Oriented Plant Capacity Notion: Definition and Empirical Comparison," Post-Print hal-01744565, HAL.

    Cited by:

    1. Kristiaan Kerstens & Ignace Van de Woestyne, 2018. "Enumeration algorithms for FDH directional distance functions under different returns to scale assumptions," Annals of Operations Research, Springer, vol. 271(2), pages 1067-1078, December.
    2. Kristiaan Kerstens & Jafar Sadeghi & Ignace Van de Woestyne, 2020. "Plant capacity notions in a non-parametric framework: a brief review and new graph or non-oriented plant capacities," Annals of Operations Research, Springer, vol. 288(2), pages 837-860, May.
    3. Zhuo-wan Liu & Tomas Balezentis & Yao-yao Song & Guo-liang Yang, 2019. "Estimating Capacity Utilization of Chinese State Farms," Sustainability, MDPI, vol. 11(18), pages 1-29, September.
    4. Song, Malin & Zhou, Wenzhuo & Upadhyay, Arvind & Shen, Zhiyang, 2023. "Evaluating hospital performance with plant capacity utilization and machine learning," Journal of Business Research, Elsevier, vol. 159(C).
    5. Subhash C. Ray & John Walden & Lei Chen, 2018. "Economic Measures of Capacity Utilization: A Nonparametric Cost Function Analysis," Working papers 2018-02, University of Connecticut, Department of Economics.
    6. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & Linjia ZHANG, 2020. "Malmquist Productivity Indices and Plant Capacity Utilisation: New Proposals and Empirical Application," Working Papers 2020-EQM-06, IESEG School of Management.
    7. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & John WALDEN, 2020. "Short-Run Johansen Frontier-Based Industry Models: Methodological Refinements and Empirical Illustration on Fisheries," Working Papers 2020-EQM-01, IESEG School of Management.
    8. Kerstens, Kristiaan & Sadeghi, Jafar & Van de Woestyne, Ignace, 2019. "Convex and nonconvex input-oriented technical and economic capacity measures: An empirical comparison," European Journal of Operational Research, Elsevier, vol. 276(2), pages 699-709.
    9. Walter Briec & Ignace van de Woestyne & Kristiaan Kerstens, 2022. "Nonconvexity in Production and Cost Functions: An Exploratory and Selective Review," Post-Print hal-03833475, HAL.
    10. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "Short- and Long-run Plant Capacity Notions: Definitions and Comparison," Working Papers 2017-EQM-04, IESEG School of Management.
    11. Kristiaan Kerstens & Zhiyang Shen, 2021. "Using COVID-19 mortality to select among hospital plant capacity models: An exploratory empirical application to Hubei province," Post-Print hal-03130063, HAL.
    12. Yao-yao Song & Xian-tong Ren & Guo-liang Yang, 2023. "Capacity utilization change over time," Journal of Productivity Analysis, Springer, vol. 59(1), pages 61-78, February.
    13. Kristiaan Kerstens & Jafar Sadeghi, 2021. "Plant Capacity Notions: Existence Results at Firm and Industry Levels," Working Papers 2021-EQM-04, IESEG School of Management.
    14. Xiaoqing Chen & Kristiaan Kerstens, 2022. "Evaluating horizontal mergers in Swedish district courts using plant capacity concepts: with a focus on nonconvexity," Post-Print halshs-03924994, HAL.
    15. Fukuyama, Hirofumi & Song, Yao-yao & Ren, Xian-tong & Yang, Guo-liang, 2022. "Using a novel DEA-based model to investigate capacity utilization of Chinese firms," Omega, Elsevier, vol. 106(C).
    16. Mohieddine Rahmouni, 2021. "Determinants of capacity utilisation by firms in developing countries: evidence from Tunisia," International Journal of Technological Learning, Innovation and Development, Inderscience Enterprises Ltd, vol. 13(3), pages 212-245.
    17. Ray, Subhash C. & Walden, John & Chen, Lei, 2021. "Economic measures of capacity utilization: A nonparametric short-run cost function analysis," European Journal of Operational Research, Elsevier, vol. 293(1), pages 375-387.

  29. Kristiaan Kerstens & Jafar Sadeghi & Ignace Van de Woestyne, 2017. "Convex and Nonconvex Input-Oriented Technical and Economic Capacity Measures:Technical and Economic Capacity Measures: An Empirical Comparison," Working Papers 2017-EQM-08, IESEG School of Management.

    Cited by:

    1. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "Short- and Long-run Plant Capacity Notions: Definitions and Comparison," Working Papers 2017-EQM-04, IESEG School of Management.

  30. Walter Briec & Kristiaan Kerstens & Ignace van de Woestyne, 2016. "Congestion in Production Correspondances," Post-Print hal-01416409, HAL.

    Cited by:

    1. Arnaud Abad, 2020. "Environmental Efficiency and Productivity Analysis," Working Papers hal-03032038, HAL.
    2. Arnaud Abad & Paola Ravelojaona, 2017. "Exponential environmental productivity index and indicators," Post-Print hal-03025344, HAL.
    3. Frederic Ang & Kristiaan Kerstens & Jafar Sadeghi, 2023. "Energy productivity and greenhouse gas emission intensity in Dutch dairy farms: A Hicks–Moorsteen by‐production approach under non‐convexity and convexity with equivalence results," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(2), pages 492-509, June.
    4. Abad, Arnaud & Briec, Walter, 2019. "On the axiomatic of pollution-generating technologies: Non-parametric production analysis," European Journal of Operational Research, Elsevier, vol. 277(1), pages 377-390.
    5. Arnaud Abad & Paola Ravelojaona, 2021. "Pollution‐adjusted productivity analysis : The use of Malmquist and Luenberger productivity measures," Post-Print hal-03025425, HAL.
    6. Stefano NASINI & Rabia NESSAH, 2021. "Endogenous Learning in Multi-Sector Economies," Working Papers 2021-EQM-08, IESEG School of Management, revised Oct 2023.

  31. Olivier Brandouy & Kristiaan Kerstens & Ignace Van De Woestyne, 2015. "Frontier-based vs. traditional mutual fund ratings: A first backtesting analysis," Post-Print hal-01533555, HAL.

    Cited by:

    1. Wen-Min Lu & Qian Long Kweh & Chung-Wei Wang, 2021. "Integration and application of rough sets and data envelopment analysis for assessments of the investment trusts industry," Annals of Operations Research, Springer, vol. 296(1), pages 163-194, January.
    2. Eduard Gabriel Ceptureanu & Sebastian Ceptureanu & Claudiu Herteliu, 2021. "Evidence regarding external financing in manufacturing MSEs using partial least squares regression," Annals of Operations Research, Springer, vol. 299(1), pages 1189-1202, April.
    3. Martin Branda, 2016. "Mean-value at risk portfolio efficiency: approaches based on data envelopment analysis models with negative data and their empirical behaviour," 4OR, Springer, vol. 14(1), pages 77-99, March.
    4. Zhou, Zhongbao & Jin, Qianying & Xiao, Helu & Wu, Qian & Liu, Wenbin, 2018. "Estimation of cardinality constrained portfolio efficiency via segmented DEA," Omega, Elsevier, vol. 76(C), pages 28-37.
    5. Kristiaan Kerstens & Paolo Mazza & Tiantian Ren & Ignace Van de Woestyne, 2021. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Working Papers 2021-EQM-03, IESEG School of Management.
    6. Jin, Qianying & Basso, Antonella & Funari, Stefania & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2024. "Evaluating different groups of mutual funds using a metafrontier approach: Ethical vs. non-ethical funds," European Journal of Operational Research, Elsevier, vol. 312(3), pages 1134-1145.
    7. Andreu, Laura & Serrano, Miguel & Vicente, Luis, 2019. "Efficiency of mutual fund managers: A slacks-based manager efficiency index," European Journal of Operational Research, Elsevier, vol. 273(3), pages 1180-1193.
    8. Sepideh Kaffash & Marianna Marra, 2017. "Data envelopment analysis in financial services: a citations network analysis of banks, insurance companies and money market funds," Annals of Operations Research, Springer, vol. 253(1), pages 307-344, June.
    9. Adam, Lukáš & Branda, Martin, 2021. "Risk-aversion in data envelopment analysis models with diversification," Omega, Elsevier, vol. 102(C).
    10. Galagedera, Don U.A. & Fukuyama, Hirofumi & Watson, John & Tan, Eric K.M., 2020. "Do mutual fund managers earn their fees? New measures for performance appraisal," European Journal of Operational Research, Elsevier, vol. 287(2), pages 653-667.
    11. Xiao, Helu & Zhou, Zhongbao & Ren, Teng & Liu, Wenbin, 2022. "Estimation of portfolio efficiency in nonconvex settings: A free disposal hull estimator with non-increasing returns to scale," Omega, Elsevier, vol. 111(C).
    12. Lin, Ruiyue & Liu, Qian, 2021. "Multiplier dynamic data envelopment analysis based on directional distance function: An application to mutual funds," European Journal of Operational Research, Elsevier, vol. 293(3), pages 1043-1057.
    13. Pornanong Budsaratragoon & Boonlert Jitmaneeroj, 2021. "Fund Ratings of Socially Responsible Investing (SRI) Funds: A Precautionary Note," Sustainability, MDPI, vol. 13(14), pages 1-25, July.
    14. Lin, Ruiyue & Li, Zongxin, 2020. "Directional distance based diversification super-efficiency DEA models for mutual funds," Omega, Elsevier, vol. 97(C).

  32. K. Kerstens & I. van de Woestyne, 2014. "A note on a variant of radial measure capable of dealing with negative inputs and outputs in DEA," Post-Print hal-00918291, HAL.

    Cited by:

    1. Kao, Chiang, 2022. "Measuring efficiency in a general production possibility set allowing for negative data: An extension and a focus on returns to scale," European Journal of Operational Research, Elsevier, vol. 296(1), pages 267-276.
    2. Tavana, Madjid & Izadikhah, Mohammad & Toloo, Mehdi & Roostaee, Razieh, 2021. "A new non-radial directional distance model for data envelopment analysis problems with negative and flexible measures," Omega, Elsevier, vol. 102(C).
    3. Lin, Shuguang & Shi, Hai-Liu & Wang, Ying-Ming, 2022. "An integrated slacks-based super-efficiency measure in the presence of nonpositive data," Omega, Elsevier, vol. 111(C).
    4. Ruiyue Lin & Zhiping Chen, 2017. "A directional distance based super-efficiency DEA model handling negative data," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(11), pages 1312-1322, November.
    5. Cova-Alonso, David José & Díaz-Hernández, Juan José & Martínez-Budría, Eduardo, 2021. "A strong efficiency measure for CCR/BCC models," European Journal of Operational Research, Elsevier, vol. 291(1), pages 284-295.
    6. Banker, Rajiv & Chen, Janice Y.S. & Klumpes, Paul, 2016. "A trade-level DEA model to evaluate relative performance of investment fund managers," European Journal of Operational Research, Elsevier, vol. 255(3), pages 903-910.
    7. Lin, Ruiyue & Liu, Qian, 2021. "Multiplier dynamic data envelopment analysis based on directional distance function: An application to mutual funds," European Journal of Operational Research, Elsevier, vol. 293(3), pages 1043-1057.
    8. Lin, Ruiyue & Li, Zongxin, 2020. "Directional distance based diversification super-efficiency DEA models for mutual funds," Omega, Elsevier, vol. 97(C).
    9. Kao, Chiang, 2020. "Measuring efficiency in a general production possibility set allowing for negative data," European Journal of Operational Research, Elsevier, vol. 282(3), pages 980-988.

  33. K. Kerstens & I. van de Woestyne, 2014. "Solution methods for nonconvex free disposal hull models : a review and some critical comments," Post-Print hal-00957398, HAL.

    Cited by:

    1. Kristiaan Kerstens & Jafar Sadeghi & Mehdi Toloo & Ignace van de Woestyne, 2022. "Procedures for ranking technical and cost efficient units: With a focus on nonconvexity," Post-Print hal-03595989, HAL.
    2. Kristiaan Kerstens & Ignace Van de Woestyne, 2018. "Enumeration algorithms for FDH directional distance functions under different returns to scale assumptions," Annals of Operations Research, Springer, vol. 271(2), pages 1067-1078, December.
    3. Kerstens, Kristiaan & Sadeghi, Jafar & Van de Woestyne, Ignace, 2019. "Convex and nonconvex input-oriented technical and economic capacity measures: An empirical comparison," European Journal of Operational Research, Elsevier, vol. 276(2), pages 699-709.
    4. Cesaroni, Giovanni & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2017. "Global and local scale characteristics in convex and nonconvex nonparametric technologies: A first empirical exploration," European Journal of Operational Research, Elsevier, vol. 259(2), pages 576-586.
    5. Branda, Martin, 2015. "Diversification-consistent data envelopment analysis based on directional-distance measures," Omega, Elsevier, vol. 52(C), pages 65-76.
    6. Tavakoli, Ibrahim M. & Mostafaee, Amin, 2019. "Free disposal hull efficiency scores of units with network structures," European Journal of Operational Research, Elsevier, vol. 277(3), pages 1027-1036.
    7. Frederic Ang & Kristiaan Kerstens & Jafar Sadeghi, 2023. "Energy productivity and greenhouse gas emission intensity in Dutch dairy farms: A Hicks–Moorsteen by‐production approach under non‐convexity and convexity with equivalence results," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(2), pages 492-509, June.
    8. Xiaoqing Chen & Kristiaan Kerstens & Qingyuan Zhu, 2021. "Exploring Horizontal Mergers in Swedish District Courts Using Convex and Nonconvex Technologies: Usefulness of a Conservative Approach," Working Papers 2021-EQM-05, IESEG School of Management.
    9. Fukuyama, Hirofumi & Shiraz, Rashed Khanjani, 2015. "Cost-effectiveness measures on convex and nonconvex technologies," European Journal of Operational Research, Elsevier, vol. 246(1), pages 307-319.
    10. Soleimani-damaneh, Majid & Mostafaee, Amin, 2015. "Identification of the anchor points in FDH models," European Journal of Operational Research, Elsevier, vol. 246(3), pages 936-943.

  34. K. Kerstens & I. van de Woestyne, 2014. "Comparing Malmquist and Hicks-Moorsteen productivity indices : exploring the impact of unbalanced vs. balanced panel data," Post-Print hal-00907943, HAL.

    Cited by:

    1. Seufert, Juergen Heinz & Arjomandi, Amir & Dakpo, K. Hervé, 2017. "Evaluating airline operational performance: A Luenberger-Hicks-Moorsteen productivity indicator," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 104(C), pages 52-68.
    2. Kristiaan Kerstens & Ignace Van de Woestyne, 2018. "Enumeration algorithms for FDH directional distance functions under different returns to scale assumptions," Annals of Operations Research, Springer, vol. 271(2), pages 1067-1078, December.
    3. Boyd, Gale A. & Lee, Jonathan M., 2019. "Measuring plant level energy efficiency and technical change in the U.S. metal-based durable manufacturing sector using stochastic frontier analysis," Energy Economics, Elsevier, vol. 81(C), pages 159-174.
    4. Hideyuki Mizobuchi, 2015. "Multiple Directions for Measuring Biased Technical Change," CEPA Working Papers Series WP092015, School of Economics, University of Queensland, Australia.
    5. Morgan, Cynthia & Pasurka, Carl & Shadbegian, Ron & Belova, Anna & Casey, Brendan, 2023. "Estimating the cost of environmental regulations and technological change with limited information," Ecological Economics, Elsevier, vol. 204(PA).
    6. Qianying Jin & Kristiaan Kerstens & Ignace van de Woestyne, 2020. "Metafrontier productivity indices: Questioning the common convexification strategy," Post-Print hal-02496997, HAL.
    7. W. Erwin Diewert & Kevin J. Fox, 2014. "Decomposing Bjurek Productivity Indexes into Explanatory Factors," Discussion Papers 2014-33, School of Economics, The University of New South Wales.
    8. Yu, Ming-Miin & Nguyen, Minh-Anh Thi, 2023. "Productivity changes of Asia-Pacific airlines: A Malmquist productivity index approach for a two-stage dynamic system," Omega, Elsevier, vol. 115(C).
    9. Md Aslam Mia & V. G. R. Chandran, 2016. "Measuring Financial and Social Outreach Productivity of Microfinance Institutions in Bangladesh," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(2), pages 505-527, June.
    10. Casu, Barbara & Ferrari, Alessandra & Girardone, Claudia & Wilson, John O.S., 2016. "Integration, productivity and technological spillovers: Evidence for eurozone banking industries," European Journal of Operational Research, Elsevier, vol. 255(3), pages 971-983.
    11. Hideyuki Mizobuchi, 2017. "Productivity indexes under Hicks neutral technical change," Journal of Productivity Analysis, Springer, vol. 48(1), pages 63-68, August.
    12. Arnaud Abad & Paola Ravelojaona, 2022. "A generalization of environmental productivity analysis," Post-Print hal-03592375, HAL.
    13. Mohammadian, Isaac & Jahangoshai Rezaee, Mustafa, 2020. "A new decomposition and interpretation of Hicks-Moorsteen productivity index for analysis of Stock Exchange companies: Case study on pharmaceutical industry," Socio-Economic Planning Sciences, Elsevier, vol. 69(C).
    14. Kristiaan Kerstens & Jens Krüger & Zhiyang Shen, 2022. "Localized technological change," Post-Print halshs-03925232, HAL.
    15. Miao, Zhuang & Chen, Xiaodong & Baležentis, Tomas & Sun, Chuanwang, 2019. "Atmospheric environmental productivity across the provinces of China: Joint decomposition of range adjusted measure and Luenberger productivity indicator," Energy Policy, Elsevier, vol. 132(C), pages 665-677.
    16. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & Linjia ZHANG, 2020. "Malmquist Productivity Indices and Plant Capacity Utilisation: New Proposals and Empirical Application," Working Papers 2020-EQM-06, IESEG School of Management.
    17. Amir Arjomandi & Mad Ithnin Salleh & Abbas Mohammadzadeh, 2015. "Measuring productivity change in higher education: an application of Hicks–Moorsteen total factor productivity index to Malaysian public universities," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 20(4), pages 630-643, October.
    18. A. Abad & P. Ravelojaona, 2022. "A generalization of environmental productivity analysis," Journal of Productivity Analysis, Springer, vol. 57(1), pages 61-78, February.
    19. Cave, Joshua & Chaudhuri, Kausik & Kumbhakar, Subal C., 2023. "Dynamic firm performance and estimator choice: A comparison of dynamic panel data estimators," European Journal of Operational Research, Elsevier, vol. 307(1), pages 447-467.
    20. Arnaud Abad & Paola Ravelojaona, 2017. "Exponential environmental productivity index and indicators," Post-Print hal-03025344, HAL.
    21. Hideyuki Mizobuchi, 2017. "A superlative index number formula for the Hicks-Moorsteen productivity index," Journal of Productivity Analysis, Springer, vol. 48(2), pages 167-178, December.
    22. Mocholi-Arce, Manuel & Sala-Garrido, Ramon & Molinos-Senante, Maria & Maziotis, Alexandros, 2021. "Water company productivity change: A disaggregated approach accounting for changes in inputs and outputs," Utilities Policy, Elsevier, vol. 70(C).
    23. Xiaoqing Chen & Xinwang Liu, 2023. "Comparing Malmquist and Hicks–Moorsteen productivity changes in China’s high-tech industries: exploring convexity implications," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 31(4), pages 1209-1237, December.
    24. Diogo Cunha Ferreira & Rui Cunha Marques, 2016. "Malmquist and Hicks–Moorsteen Productivity Indexes for Clusters Performance Evaluation," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(05), pages 1015-1053, September.
    25. Seifert, Stefan, 2015. "Productivity Growth and its Sources - A StoNED Metafrontier Analyis of the German Electricity Generating Sector," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112975, Verein für Socialpolitik / German Economic Association.
    26. Aparicio, Juan & López-Torres, Laura & Santín, Daniel, 2018. "Economic crisis and public education. A productivity analysis using a Hicks-Moorsteen index," Economic Modelling, Elsevier, vol. 71(C), pages 34-44.
    27. Hongwei Liu & Henry Tsai, 2018. "Total factor productivity growth and regional competitive analysis of China’s star-rated hotels," Tourism Economics, , vol. 24(6), pages 625-644, September.
    28. Briec, Walter & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2018. "Testing general and special Färe-Primont indices: A proposal for public and private sector synthetic indices of European regional expenditures and tourism," European Journal of Operational Research, Elsevier, vol. 271(2), pages 756-768.
    29. Mai, Nhat Chi, 2015. "Efficiency of the banking system in Vietnam under financial liberalization," OSF Preprints qsf6d, Center for Open Science.
    30. Diana L. Becerra-Peña & María Ximena Lemos Mejía, 2021. "La productividad del sector manufacturero: caso Colombia 2005-2016," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(4), pages 1-27, Octubre -.
    31. Valentin Zelenyuk & Andreas Mayer, 2013. "Aggregation of Malmquist productivity indexes allowing for reallocation of resources," CEPA Working Papers Series WP062013, School of Economics, University of Queensland, Australia.
    32. Diewert, W. Erwin & Fox, Kevin J., 2017. "Decomposing productivity indexes into explanatory factors," European Journal of Operational Research, Elsevier, vol. 256(1), pages 275-291.
    33. Ali Homayoni & Reza Fallahnejad & Farhad Hosseinzadeh Lotfi, 2022. "Cross Malmquist Productivity Index in Data Envelopment Analysis," 4OR, Springer, vol. 20(4), pages 567-602, December.
    34. Stefan Seifert, 2015. "Measuring Productivity When Technologies Are Heterogeneous: A Semi-Parametric Approach for Electricity Generation," Discussion Papers of DIW Berlin 1526, DIW Berlin, German Institute for Economic Research.
    35. Walter Briec & Audrey Dumas & Kristiaan Kerstens & Agathe Stenger, 2021. "Generalised Commensurability Properties of Efficiency Measures: Implications for Productivity Indicators," Working Papers 2021-EQM-01, IESEG School of Management.
    36. Md Aslam Mia, 2023. "Technological Change and Innovations in Microfinance Institutions: What Matters?," Global Business Review, International Management Institute, vol. 24(6), pages 1454-1467, December.
    37. Ohene-Asare, Kwaku & Turkson, Charles & Afful-Dadzie, Anthony, 2017. "Multinational operation, ownership and efficiency differences in the international oil industry," Energy Economics, Elsevier, vol. 68(C), pages 303-312.
    38. C. J. O’Donnell & Saeideh Fallah-Fini & Konstantinos Triantis, 2017. "Measuring and analysing productivity change in a metafrontier framework," Journal of Productivity Analysis, Springer, vol. 47(2), pages 117-128, April.
    39. Tu D. Q. Le & Tin H. Ho & Thanh Ngo & Dat T. Nguyen & Son H. Tran, 2022. "A Dataset for the Vietnamese Banking System (2002–2021)," Data, MDPI, vol. 7(9), pages 1-8, August.

  35. W. Briec & K. Kerstens & I. van de Woestyne, 2013. "Portfolio selection with skewness : a comparison of methods and a generalized one fund result," Post-Print hal-00837674, HAL.

    Cited by:

    1. Nalpas, Nicolas & Simar, Léopold & Vanhems, Anne, 2016. "Portfolio Selection in a Multi-Input Multi-Output Setting: a Simple Monte-Carlo-FDH Algorithm," TSE Working Papers 16-648, Toulouse School of Economics (TSE).
    2. Lassance, Nathan, 2022. "Reconciling mean-variance portfolio theory with non-Gaussian returns," European Journal of Operational Research, Elsevier, vol. 297(2), pages 729-740.
    3. Kristiaan Kerstens & Paolo Mazza & Tiantian Ren & Ignace Van de Woestyne, 2021. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Working Papers 2021-EQM-03, IESEG School of Management.
    4. Andreu, Laura & Serrano, Miguel & Vicente, Luis, 2019. "Efficiency of mutual fund managers: A slacks-based manager efficiency index," European Journal of Operational Research, Elsevier, vol. 273(3), pages 1180-1193.
    5. Carroll, Rachael & Conlon, Thomas & Cotter, John & Salvador, Enrique, 2017. "Asset allocation with correlation: A composite trade-off," European Journal of Operational Research, Elsevier, vol. 262(3), pages 1164-1180.
    6. Mellios, Constantin & Six, Pierre & Lai, Anh Ngoc, 2016. "Dynamic speculation and hedging in commodity futures markets with a stochastic convenience yield," European Journal of Operational Research, Elsevier, vol. 250(2), pages 493-504.
    7. Lassance, Nathan & Vrins, Frédéric, 2021. "Portfolio selection with parsimonious higher comoments estimation," LIDAM Reprints LFIN 2021005, Université catholique de Louvain, Louvain Finance (LFIN).
    8. Lassance, Nathan & Vrins, Frédéric, 2019. "Robust portfolio selection using sparse estimation of comoment tensors," LIDAM Discussion Papers LFIN 2019007, Université catholique de Louvain, Louvain Finance (LFIN).
    9. Vohra, Suprita & Fabozzi, Frank J., 2019. "Effectiveness of developed and emerging market FX options in active currency risk management," Journal of International Money and Finance, Elsevier, vol. 96(C), pages 130-146.
    10. Massimiliano Kaucic & Roberto Daris, 2015. "Multi-Objective Stochastic Optimization Programs for a Non-Life Insurance Company under Solvency Constraints," Risks, MDPI, vol. 3(3), pages 1-30, September.
    11. Farshad Noravesh & Kristiaan Kerstens, 2022. "Some connections between higher moments portfolio optimization methods," Papers 2201.00205, arXiv.org.
    12. Olivier Brandouy & Kristiaan Kerstens & Ignace Van De Woestyne, 2015. "Frontier-based vs. traditional mutual fund ratings: A first backtesting analysis," Post-Print hal-01533555, HAL.
    13. Adrian Gepp & Geoff Harris & Bruce Vanstone, 2020. "Financial applications of semidefinite programming: a review and call for interdisciplinary research," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(4), pages 3527-3555, December.
    14. Dong, Xiaohui & Wang, Ming & Zhong, Guang-Yan & Yang, Fengzao & Duan, Weilong & Li, Jiang-Cheng & Xiong, Kezhao & Zeng, Chunhua, 2018. "Stochastic delayed kinetics of foraging colony system under non-Gaussian noise," Chaos, Solitons & Fractals, Elsevier, vol. 112(C), pages 1-13.

  36. O. Brandouy & K. Kerstens & I. van de Woestyne, 2013. "Backtesting superfund portfolio strategies based on frontier-based mutual fund ratings," Post-Print hal-00825004, HAL.

    Cited by:

    1. Juan Carlos Matallín-Sáez & Amparo Soler-Domínguez & Emili Tortosa-Ausina, 2019. "Does active management add value? New evidence from a quantile regression approach," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 70(10), pages 1734-1751, October.
    2. Tarnaud, Albane Christine & Leleu, Hervé, 2018. "Portfolio analysis with DEA: Prior to choosing a model," Omega, Elsevier, vol. 75(C), pages 57-76.
    3. Tsolas, Ioannis E., 2014. "Precious metal mutual fund performance appraisal using DEA modeling," Resources Policy, Elsevier, vol. 39(C), pages 54-60.
    4. Abdelsalam, Omneya & Duygun, Meryem & Matallín-Sáez, Juan Carlos & Tortosa-Ausina, Emili, 2014. "Do ethics imply persistence? The case of Islamic and socially responsible funds," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 182-194.
    5. Bilbao-Terol, Amelia & Álvarez-Otero, Susana & Bilbao-Terol, Celia & Cañal-Fernández, Verónica, 2017. "Hedonic evaluation of the SRI label of mutual funds using matching methodology," International Review of Financial Analysis, Elsevier, vol. 52(C), pages 213-227.
    6. J. Carlos Matallín-Sáez & Amparo Soler-Domínguez & Emili Tortosa-Ausina, 2013. "Does active management add value? New evidence from a quantile regression," Working Papers 2013/01, Economics Department, Universitat Jaume I, Castellón (Spain).

  37. B. K. Sahoo & K. Kerstens & K. Tone, 2012. "Returns to growth in a non parametric DEA approach," Post-Print hal-00684430, HAL.

    Cited by:

    1. Mehdiloozad, Mahmood & Sahoo, Biresh K. & Roshdi, Israfil, 2014. "A generalized multiplicative directional distance function for efficiency measurement in DEA," European Journal of Operational Research, Elsevier, vol. 232(3), pages 679-688.
    2. Ayouba, Kassoum & Boussemart, Jean-Philippe & Lefer, Henri-Bertrand & Leleu, Hervé & Parvulescu, Raluca, 2019. "A measure of price advantage and its decomposition into output- and input-specific effects," European Journal of Operational Research, Elsevier, vol. 276(2), pages 688-698.
    3. Mehdiloozad, Mahmood & Zhu, Joe & Sahoo, Biresh K., 2018. "Identification of congestion in data envelopment analysis under the occurrence of multiple projections: A reliable method capable of dealing with negative data," European Journal of Operational Research, Elsevier, vol. 265(2), pages 644-654.
    4. Mahmood Mehdiloozad & Mohammad Bagher Ahmadi & Biresh K. Sahoo, 2017. "On classifying decision making units in DEA: a unified dominance-based model," Annals of Operations Research, Springer, vol. 250(1), pages 167-184, March.
    5. Sahoo, Biresh K. & Mehdiloozad, Mahmood & Tone, Kaoru, 2014. "Cost, revenue and profit efficiency measurement in DEA: A directional distance function approach," European Journal of Operational Research, Elsevier, vol. 237(3), pages 921-931.
    6. Ramakrushna Panigrahi, 2021. "Evaluating Level Efficiency Versus Growth Efficiency in the Indian Automobile Industry in a Non-parametric DEA Approach," Global Business Review, International Management Institute, vol. 22(4), pages 963-976, August.
    7. Ramakrushna Panigrahi, 2021. "Returns to Growth in Indian Automobile Industry: A Non-Parametric Data Envelopment Analysis (DEA) Approach," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 19(4), pages 747-765, December.
    8. Alireza Amirteimoori & Biresh K. Sahoo & Saber Mehdizadeh, 2023. "Data envelopment analysis for scale elasticity measurement in the stochastic case: with an application to Indian banking," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-36, December.
    9. Sahoo, Biresh K. & Zhu, Joe & Tone, Kaoru & Klemen, Bernhard M., 2014. "Decomposing technical efficiency and scale elasticity in two-stage network DEA," European Journal of Operational Research, Elsevier, vol. 233(3), pages 584-594.
    10. Sahoo, Biresh K & Khoveyni, Mohammad & Eslami, Robabeh & Chaudhury, Pradipta, 2016. "Returns to scale and most productive scale size in DEA with negative data," European Journal of Operational Research, Elsevier, vol. 255(2), pages 545-558.
    11. Isabelle Piot-Lepetit & Joseph Nzongang, 2019. "Performance assessment and definition of improvement paths for microfinance institutions: An application to a network of village banks in Cameroon," Post-Print hal-02619461, HAL.
    12. Qingxian An & Fanyong Meng & Beibei Xiong & Zongrun Wang & Xiaohong Chen, 2020. "Assessing the relative efficiency of Chinese high-tech industries: a dynamic network data envelopment analysis approach," Annals of Operations Research, Springer, vol. 290(1), pages 707-729, July.
    13. Misra, Biswa Swarup & Sahoo, Biresh, 2024. "What Drives Profitability: Level or Growth Efficiency?," MPRA Paper 120360, University Library of Munich, Germany, revised 05 Mar 2024.
    14. Chang, Dong-Shang & Liu, Wenrong & Yeh, Li-Ting, 2013. "Incorporating the learning effect into data envelopment analysis to measure MSW recycling performance," European Journal of Operational Research, Elsevier, vol. 229(2), pages 496-504.

  38. K. Kerstens & A. Mounir & I. van de Woestyne, 2012. "Benchmarking mean-variance portfolios using a shortage function : the choice of direction vector affects rankings !," Post-Print hal-00728318, HAL.

    Cited by:

    1. Farshad Noravesh & Kristiaan Kerstens, 2022. "Some connections between higher moments portfolio optimization methods," Papers 2201.00205, arXiv.org.
    2. Paulo Matos & Guilherme Padilha & Maurício Benegas, 2016. "On the management efficiency of Brazilian stock mutual funds," Operational Research, Springer, vol. 16(3), pages 365-399, October.
    3. Walter Briec & Audrey Dumas & Kristiaan Kerstens & Agathe Stenger, 2021. "Generalised Commensurability Properties of Efficiency Measures: Implications for Productivity Indicators," Working Papers 2021-EQM-01, IESEG School of Management.
    4. Cinzia Daraio & Leopold Simar, 2014. "Efficiency and benchmarking with directional distances. A data driven approach," DIAG Technical Reports 2014-07, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".

  39. K. Kerstens & S. Managi, 2012. "Total Factor Productivity Growth and Convergence in the Petroleum Industry: Empirical Analysis Testing for Convexity," Post-Print hal-00720616, HAL.

    Cited by:

    1. Kristiaan Kerstens & Ignace Van de Woestyne, 2018. "Enumeration algorithms for FDH directional distance functions under different returns to scale assumptions," Annals of Operations Research, Springer, vol. 271(2), pages 1067-1078, December.
    2. Xueqing Wang & Yuan Chen & Bingsheng Liu & Yinghua Shen & Hui Sun, 2013. "A total factor productivity measure for the construction industry and analysis of its spatial difference: a case study in China," Construction Management and Economics, Taylor & Francis Journals, vol. 31(10), pages 1059-1071, October.
    3. Kristiaan Kerstens & Ignace van de Woestyne, 2021. "Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless," Post-Print hal-03274911, HAL.
    4. Hidemichi Fujii & Kazuma Edamura & Koichi Sumikura & Yoko Furusawa & Naomi Fukuzawa & Shunsuke Managi, 2015. "How enterprise strategies are related to innovation and productivity change: an empirical study of Japanese manufacturing firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 24(3), pages 248-262, April.
    5. Kristiaan Kerstens & Jens Krüger & Zhiyang Shen, 2022. "Localized technological change," Post-Print halshs-03925232, HAL.
    6. Zhiyang Shen & Jean-Philippe Boussemart & Hervé Leleu, 2015. "Aggregate green productivity growth in OECD’s countries," Working Papers 2016-EQM-03, IESEG School of Management.
    7. Fujii, Hidemichi & Cao, Jing & Managi, Shunsuke, 2016. "Firm-level environmentally sensitive productivity and innovation in China," MPRA Paper 71851, University Library of Munich, Germany.
    8. Walter Briec & Ignace van de Woestyne & Kristiaan Kerstens, 2022. "Nonconvexity in Production and Cost Functions: An Exploratory and Selective Review," Post-Print hal-03833475, HAL.
    9. Kristiaan Kerstens & Christopher O’donnell & Ignace van de Woestyne, 2019. "Metatechnology frontier and convexity: A restatement," Post-Print hal-02108502, HAL.
    10. Pham, Manh D. & Zelenyuk, Valentin, 2019. "Weak disposability in nonparametric production analysis: A new taxonomy of reference technology sets," European Journal of Operational Research, Elsevier, vol. 274(1), pages 186-198.
    11. Tamaki, Tetsuya & Nakamura, Hiroki & Fujii, Hidemichi & Managi, Shunsuke, 2019. "Efficiency and emissions from urban transport: Application to world city-level public transportation," Economic Analysis and Policy, Elsevier, vol. 61(C), pages 55-63.
    12. Robi Kurniawan & Shunsuke Managi, 2019. "Linking Wealth and Productivity of Natural Capital for 140 Countries Between 1990 and 2014," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(1), pages 443-462, January.
    13. Shunsuke Managi & George Halkos, 2015. "Production analysis in environmental, resource, and infrastructure evaluation," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 4(1), pages 1-4, December.
    14. Ewing, Bradley T. & Thompson, Mark A., 2016. "The role of reserves and production in the market capitalization of oil and gas companies," Energy Policy, Elsevier, vol. 98(C), pages 576-581.
    15. Carlos Barros & Hidemichi Fujii & Shunsuke Managi, 2015. "How scale and ownership are related to financial performance? A productivity analysis of the Chinese banking sector," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 4(1), pages 1-14, December.
    16. Sáenz-Royo, Carlos & Salas-Fumás, Vicente, 2014. "Long- and short-term efficiency in an automobile factory: An econometric case study," International Journal of Production Economics, Elsevier, vol. 156(C), pages 98-107.
    17. Wang, Zhaohua & Song, Yanwu & Shen, Zhiyang, 2022. "Global sustainability of carbon shadow pricing: The distance between observed and optimal abatement costs," Energy Economics, Elsevier, vol. 110(C).
    18. Jonas Grafström, 2018. "Divergence of renewable energy invention efforts in Europe: an econometric analysis based on patent counts," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 20(4), pages 829-859, October.
    19. Hideyuki Mizobuchi, 2015. "Measuring the comprehensive wage effect of changes in unit labor cost," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 4(1), pages 1-12, December.

  40. Walter Briec & K. Kerstens, 2011. "The Hicks-Moorsteen productivity index satisfies the determinateness axiom," Post-Print hal-00656580, HAL.

    Cited by:

    1. K. Kerstens & I. van de Woestyne, 2014. "Comparing Malmquist and Hicks-Moorsteen productivity indices : exploring the impact of unbalanced vs. balanced panel data," Post-Print hal-00907943, HAL.
    2. Qianying Jin & Kristiaan Kerstens & Ignace van de Woestyne, 2020. "Metafrontier productivity indices: Questioning the common convexification strategy," Post-Print hal-02496997, HAL.
    3. W. Erwin Diewert & Kevin J. Fox, 2014. "Decomposing Bjurek Productivity Indexes into Explanatory Factors," Discussion Papers 2014-33, School of Economics, The University of New South Wales.
    4. Tomas Balezentis & Kristiaan Kerstens & Zhiyang Shen, 2022. "Economic and Environmental Decomposition of Luenberger-Hicks-Moorsteen Total Factor Productivity Indicator: Empirical Analysis of Chinese Textile Firms With a Focus on Reporting Infeasibilities and Qu," Post-Print hal-03833245, HAL.
    5. Mocholi-Arce, Manuel & Sala-Garrido, Ramon & Molinos-Senante, Maria & Maziotis, Alexandros, 2023. "Profit productivity change in the English and Welsh water sector: Impact of the price reviews," Utilities Policy, Elsevier, vol. 82(C).
    6. Enrique Gilles & Javier Deaza & Alejandro Vivas, 2016. "Productivity measurements for three countries of the Pacific Alliance and South Korea, 2008-2012," Documentos de Trabajo EAN 15236, Universidad EAN.
    7. Mocholi-Arce, Manuel & Sala-Garrido, Ramon & Molinos-Senante, Maria & Maziotis, Alexandros, 2021. "Water company productivity change: A disaggregated approach accounting for changes in inputs and outputs," Utilities Policy, Elsevier, vol. 70(C).
    8. Diogo Cunha Ferreira & Rui Cunha Marques, 2016. "Malmquist and Hicks–Moorsteen Productivity Indexes for Clusters Performance Evaluation," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(05), pages 1015-1053, September.
    9. Aparicio, Juan & López-Torres, Laura & Santín, Daniel, 2018. "Economic crisis and public education. A productivity analysis using a Hicks-Moorsteen index," Economic Modelling, Elsevier, vol. 71(C), pages 34-44.
    10. Briec, Walter & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2018. "Testing general and special Färe-Primont indices: A proposal for public and private sector synthetic indices of European regional expenditures and tourism," European Journal of Operational Research, Elsevier, vol. 271(2), pages 756-768.
    11. Diewert, W. Erwin & Fox, Kevin J., 2017. "Decomposing productivity indexes into explanatory factors," European Journal of Operational Research, Elsevier, vol. 256(1), pages 275-291.
    12. Andrew Maredza & Sylvanus Ikhide, 2013. "The Impact of the Global Financial Crisis on Efficiency and Productivity of the Banking System in South Africa," Working Papers 328, Economic Research Southern Africa.
    13. Zhiyang Shen & Kristiaan Kerstens & Tomas Baležentis, 2023. "An environmental Luenberger–Hicks–Moorsteen total factor productivity indicator: empirical analysis considering undesirable outputs either as inputs or outputs, and attention for infeasibilities," Post-Print hal-04273656, HAL.
    14. Christian Stetter & Johannes Sauer, 2022. "Greenhouse Gas Emissions and Eco-Performance at Farm Level: A Parametric Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 81(3), pages 617-647, March.
    15. Briec, Walter & Dumas, Audrey & Stenger, Agathe, 2013. "On the standard achievement and well-being indexes and their relation to the Hicks–Moorsteen productivity index," Economic Modelling, Elsevier, vol. 35(C), pages 900-909.
    16. C.J. O'Donnell, 2011. "The Sources of Productivity Change in the Manufacturing Sectors of the U.S. Economy," CEPA Working Papers Series WP072011, School of Economics, University of Queensland, Australia.

  41. M. Epure & K. Kerstens & D. Prior, 2011. "Bank Productivity and Performance Groups: A Decomposition Approach Based upon the Luenberger Productivity Indicator," Post-Print hal-00570234, HAL.

    Cited by:

    1. E. Avisoa, 2016. "European banks’ technical efficiency and performance: do business models matter? The case of European co-operatives banks," Débats économiques et financiers 25, Banque de France.
    2. ZHAO Xin & XUE Yue-mei & KANG Wang-lin & DING Li-li & ZHU Lin, 2018. "Measuring Efficiency of Ocean Economy in China Based on a Novel Luenberger Approach," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 5-21, June.
    3. Rolf Färe & Giannis Karagiannis, 2023. "Translation efficiency and directionally optimal scale," Journal of Economics, Springer, vol. 140(3), pages 259-273, December.
    4. Imad Bou-Hamad & Abdel Latef Anouze & Denis Larocque, 2017. "An integrated approach of data envelopment analysis and boosted generalized linear mixed models for efficiency assessment," Annals of Operations Research, Springer, vol. 253(1), pages 77-95, June.
    5. Yu, Ming-Miin & Nguyen, Minh-Anh Thi, 2023. "Productivity changes of Asia-Pacific airlines: A Malmquist productivity index approach for a two-stage dynamic system," Omega, Elsevier, vol. 115(C).
    6. Md. Harun Ur Rashid & Shah Asadullah Mohd. Zobair & Md. Asad Iqbal Chowdhury & Azharul Islam, 2020. "Corporate governance and banks’ productivity: evidence from the banking industry in Bangladesh," Business Research, Springer;German Academic Association for Business Research, vol. 13(2), pages 615-637, July.
    7. Casu, Barbara & Ferrari, Alessandra & Girardone, Claudia & Wilson, John O.S., 2016. "Integration, productivity and technological spillovers: Evidence for eurozone banking industries," European Journal of Operational Research, Elsevier, vol. 255(3), pages 971-983.
    8. Molinos-Senante, María & Maziotis, Alexandros & Sala-Garrido, Ramón, 2014. "The Luenberger productivity indicator in the water industry: An empirical analysis for England and Wales," Utilities Policy, Elsevier, vol. 30(C), pages 18-28.
    9. Miao, Zhuang & Chen, Xiaodong & Baležentis, Tomas & Sun, Chuanwang, 2019. "Atmospheric environmental productivity across the provinces of China: Joint decomposition of range adjusted measure and Luenberger productivity indicator," Energy Policy, Elsevier, vol. 132(C), pages 665-677.
    10. Mocholi-Arce, Manuel & Sala-Garrido, Ramon & Molinos-Senante, Maria & Maziotis, Alexandros, 2023. "Profit productivity change in the English and Welsh water sector: Impact of the price reviews," Utilities Policy, Elsevier, vol. 82(C).
    11. Maradin, Dario & Prohaska, Zdenko & Suljic Nikolaj, Stella, 2019. "The Productivity Of European Banking Sector: A Review Of The Post-2000 Literature," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 10(2), pages 249-257.
    12. Engida, Tadesse Getacher & Rao, Xudong & Oude Lansink, Alfons G.J.M., 2020. "A dynamic by-production framework for analyzing inefficiency associated with corporate social responsibility," European Journal of Operational Research, Elsevier, vol. 287(3), pages 1170-1179.
    13. Amer Ait Sidhoum, 2023. "Measuring farm productivity under production uncertainty," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 67(4), pages 672-687, October.
    14. Jiawei Yang, 2023. "Disentangling the sources of bank inefficiency: a two-stage network multi-directional efficiency analysis approach," Annals of Operations Research, Springer, vol. 326(1), pages 369-410, July.
    15. Walter Briec & Laurence Lasselle, 2022. "On some relations between a continuous time Luenberger productivity indicator and the Solow model," Bulletin of Economic Research, Wiley Blackwell, vol. 74(2), pages 484-502, April.
    16. Huang, Minjie & Zhao, Shunan & Kumbhakar, Subal C., 2022. "Decomposition of Output, Productivity and Market Structure Changes," European Journal of Operational Research, Elsevier, vol. 303(1), pages 422-437.
    17. Wanke, Peter & Barros, Carlos P. & Faria, João R., 2015. "Financial distress drivers in Brazilian banks: A dynamic slacks approach," European Journal of Operational Research, Elsevier, vol. 240(1), pages 258-268.
    18. Jean-Philippe Boussemart & Gary D. Ferrier & Hervé Leleu & Zhiyang Shen, 2017. "An Expanded Decomposition of the Luenberger Productivity Indicator with an Application to the Chinese Healthcare Sector," Working Papers 2017-EQM-12, IESEG School of Management.
    19. Adriel Martins de Freitas Branco & Alexandre Pereira Salgado Junior & Patrícia Benites Cava & Eduardo Falsarella Junior & Marco Antônio Alves de Souza Junior, 2017. "Efficiency of the Brazilian Banking System in 2014: A DEA-SBM Analysis," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 7(5), pages 1-2.
    20. Fukuyama, Hirofumi & Tan, Yong, 2022. "Implementing strategic disposability for performance evaluation: Innovation, stability, profitability and corporate social responsibility in Chinese banking," European Journal of Operational Research, Elsevier, vol. 296(2), pages 652-668.
    21. Alexandros Maziotis & María Molinos-Senante & Ramon Sala-Garrido, 2017. "Assesing the Impact of Quality of Service on the Productivity of Water Industry: a Malmquist-Luenberger Approach for England and Wales," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 31(8), pages 2407-2427, June.
    22. Frederic Ang & Pieter Jan Kerstens, 2018. "Superlative approximation of the Luenberger-Hicks-Moorsteen productivity indicator: Theory and application," IFRO Working Paper 2018/10, University of Copenhagen, Department of Food and Resource Economics.
    23. Xiang Chen & Xuping Zhang & Yujia Wang & Hairui Jia, 2022. "The risk‐adjusted profit productivity change in Chinese banks: A comparative analysis of the different type banks," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(2), pages 523-532, March.
    24. Gouveia, M.C. & Henriques, C.O. & Dias, L.C., 2023. "Eco-efficiency changes of the electricity and gas sectors across 28 European countries: A value-based data envelopment analysis productivity approach," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).
    25. Daraio, Cinzia & Di Leo, Simone & Simar, Léopold, 2024. "Conical FDH Estimators of Directional Distances and Luenberger Productivity Indices for General Technologies," LIDAM Discussion Papers ISBA 2024009, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    26. Ang, Frederic & Kerstens, Pieter Jan, 2017. "Decomposing the Luenberger–Hicks–Moorsteen Total Factor Productivity indicator: An application to U.S. agriculture," European Journal of Operational Research, Elsevier, vol. 260(1), pages 359-375.
    27. Tzeremes, Nickolaos G., 2015. "Efficiency dynamics in Indian banking: A conditional directional distance approach," European Journal of Operational Research, Elsevier, vol. 240(3), pages 807-818.
    28. Ang, Frederic & Kerstens, Pieter Jan, 2020. "A superlative indicator for the Luenberger-Hicks-Moorsteen productivity indicator: Theory and application," European Journal of Operational Research, Elsevier, vol. 285(3), pages 1161-1173.
    29. Ohene-Asare, Kwaku & Turkson, Charles & Afful-Dadzie, Anthony, 2017. "Multinational operation, ownership and efficiency differences in the international oil industry," Energy Economics, Elsevier, vol. 68(C), pages 303-312.
    30. Zhu, Ning & Streimikis, Justas & Yu, Zhiqian & Balezentis, Tomas, 2023. "Energy-sustainable agriculture in the European Union member states: Overall productivity growth and structural efficiency," Socio-Economic Planning Sciences, Elsevier, vol. 87(PA).
    31. Lansink, Alfons Oude & Stefanou, Spiro & Serra, Teresa, 2015. "Primal and dual dynamic Luenberger productivity indicators," European Journal of Operational Research, Elsevier, vol. 241(2), pages 555-563.
    32. Ancev, Tiho & Azad, Samad Md., 2015. "Environmentally Adjusted Productivity and Efficiency Measurement: A New Direction for the Luenberger Productivity Indicator," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 204912, Agricultural and Applied Economics Association.
    33. Peter Wanke & Carlos Barros & Nkanga Pedro João Macanda, 2016. "Predicting Efficiency in Angolan Banks: A Two-Stage TOPSIS and Neural Networks Approach," South African Journal of Economics, Economic Society of South Africa, vol. 84(3), pages 461-483, September.

  42. K. Kerstens & I. van de Woyestyne, 2011. "Negative data in DEA: a simple proportional distance function approach," Post-Print halshs-00585619, HAL.

    Cited by:

    1. Solórzano-Taborga, Pablo & Alonso-Conde, Ana Belén & Rojo-Suárez, Javier, 2018. "Efficiency and Persistence of Spanish Absolute Return Funds || Eficiencia y persistencia de los fondos de retorno absolutos españoles," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 25(1), pages 186-214, Junio.
    2. Kao, Chiang, 2022. "Measuring efficiency in a general production possibility set allowing for negative data: An extension and a focus on returns to scale," European Journal of Operational Research, Elsevier, vol. 296(1), pages 267-276.
    3. Martin Branda, 2016. "Mean-value at risk portfolio efficiency: approaches based on data envelopment analysis models with negative data and their empirical behaviour," 4OR, Springer, vol. 14(1), pages 77-99, March.
    4. Ioannis E. Tsolas, 2019. "Utility Exchange Traded Fund Performance Evaluation. A Comparative Approach Using Grey Relational Analysis and Data Envelopment Analysis Modelling," IJFS, MDPI, vol. 7(4), pages 1-9, November.
    5. Jin, Qianying & Basso, Antonella & Funari, Stefania & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2024. "Evaluating different groups of mutual funds using a metafrontier approach: Ethical vs. non-ethical funds," European Journal of Operational Research, Elsevier, vol. 312(3), pages 1134-1145.
    6. Tarnaud, Albane Christine & Leleu, Hervé, 2018. "Portfolio analysis with DEA: Prior to choosing a model," Omega, Elsevier, vol. 75(C), pages 57-76.
    7. Sahoo, Biresh K. & Mehdiloozad, Mahmood & Tone, Kaoru, 2014. "Cost, revenue and profit efficiency measurement in DEA: A directional distance function approach," European Journal of Operational Research, Elsevier, vol. 237(3), pages 921-931.
    8. Basso, Antonella & Funari, Stefania, 2014. "Constant and variable returns to scale DEA models for socially responsible investment funds," European Journal of Operational Research, Elsevier, vol. 235(3), pages 775-783.
    9. Sepideh Kaffash & Reza Kazemi Matin & Mohammad Tajik, 2018. "A directional semi-oriented radial DEA measure: an application on financial stability and the efficiency of banks," Annals of Operations Research, Springer, vol. 264(1), pages 213-234, May.
    10. Halická, Margaréta & Trnovská, Mária & Černý, Aleš, 2024. "A unified approach to radial, hyperbolic, and directional efficiency measurement in data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 312(1), pages 298-314.
    11. Qianying JIN & Kristiaan KERSTENS & Ignace VAN DE WOESTYNE, 2023. "Convex and Nonconvex Nonparametric Frontier-based Classification Methods for Anomaly Detection," Working Papers 2023-EQM-01, IESEG School of Management.
    12. D’Inverno, Giovanna & Carosi, Laura & Romano, Giulia, 2021. "Environmental sustainability and service quality beyond economic and financial indicators: A performance evaluation of Italian water utilities," Socio-Economic Planning Sciences, Elsevier, vol. 75(C).
    13. Li, Ye & Cui, Qiang, 2018. "Airline efficiency with optimal employee allocation: An Input-shared Network Range Adjusted Measure," Journal of Air Transport Management, Elsevier, vol. 73(C), pages 150-162.
    14. Barra, Cristian & Zotti, Roberto, 2014. "Handling negative data using Data Envelopment Analysis: a directional distance approach applied to higher education," MPRA Paper 55570, University Library of Munich, Germany.
    15. Thiago Christiano Silva & Solange Maria Guerra & Marcus Vinicius B. Santos, 2022. "The role of externalities in fiscal efficiency," Empirical Economics, Springer, vol. 62(6), pages 2827-2864, June.
    16. Ruiyue Lin & Zhiping Chen, 2017. "A directional distance based super-efficiency DEA model handling negative data," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(11), pages 1312-1322, November.
    17. Amineh Ghazi & Farhad Hosseinzadeh Lotfi & Masoud Sanei, 2020. "Hybrid efficiency measurement and target setting based on identifying defining hyperplanes of the PPS with negative data," Operational Research, Springer, vol. 20(2), pages 1055-1092, June.
    18. Sahoo, Biresh K. & Luptacik, Mikulas & Mahlberg, Bernhard, 2011. "Alternative measures of environmental technology structure in DEA: An application," European Journal of Operational Research, Elsevier, vol. 215(3), pages 750-762, December.
    19. Zhishuo Zhang & Yao Xiao & Zitian Fu & Kaiyang Zhong & Huayong Niu, 2022. "A Study on Early Warnings of Financial Crisis of Chinese Listed Companies Based on DEA–SVM Model," Mathematics, MDPI, vol. 10(12), pages 1-23, June.
    20. Aparicio, Juan & Pastor, Jesus T. & Vidal, Fernando, 2016. "The directional distance function and the translation invariance property," Omega, Elsevier, vol. 58(C), pages 1-3.
    21. K. Kerstens & I. van de Woestyne, 2014. "A note on a variant of radial measure capable of dealing with negative inputs and outputs in DEA," Post-Print hal-00918291, HAL.
    22. Yang, Min & Li, Yongjun & Chen, Ya & Liang, Liang, 2014. "An equilibrium efficiency frontier data envelopment analysis approach for evaluating decision-making units with fixed-sum outputs," European Journal of Operational Research, Elsevier, vol. 239(2), pages 479-489.
    23. Sahoo, Biresh K & Khoveyni, Mohammad & Eslami, Robabeh & Chaudhury, Pradipta, 2016. "Returns to scale and most productive scale size in DEA with negative data," European Journal of Operational Research, Elsevier, vol. 255(2), pages 545-558.
    24. Cinzia Daraio & Leopold Simar, 2014. "Efficiency and benchmarking with directional distances. A data driven approach," DIAG Technical Reports 2014-07, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".
    25. Wai‐Peng Wong & Qiang Deng & Ming-Lang Tseng & Loo‐Hay Lee & Chee‐Wooi Hooy, 2014. "A Stochastic Setting To Bank Financial Performance For Refining Efficiency Estimates," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 21(4), pages 225-245, October.
    26. Olivier Brandouy & Kristiaan Kerstens & Ignace Van De Woestyne, 2015. "Frontier-based vs. traditional mutual fund ratings: A first backtesting analysis," Post-Print hal-01533555, HAL.
    27. Silva, Maria C.A. & Camanho, Ana S. & Barbosa, Flávia, 2020. "Benchmarking of secondary schools based on Students’ results in higher education," Omega, Elsevier, vol. 95(C).
    28. Cova-Alonso, David José & Díaz-Hernández, Juan José & Martínez-Budría, Eduardo, 2021. "A strong efficiency measure for CCR/BCC models," European Journal of Operational Research, Elsevier, vol. 291(1), pages 284-295.
    29. Masayuki Sato & Kenta Tanaka & Shunsuke Managi, 2018. "Inclusive wealth, total factor productivity, and sustainability: an empirical analysis," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 20(4), pages 741-757, October.
    30. Alka Obadić & Aleksander Aristovnik, 2011. "Relative efficiency of higher education in Croatia and Slovenia: an international comparison," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 13(30), pages 362-376, June.
    31. Oliveira, Renata & Zanella, Andreia & Camanho, Ana S., 2019. "The assessment of corporate social responsibility: The construction of an industry ranking and identification of potential for improvement," European Journal of Operational Research, Elsevier, vol. 278(2), pages 498-513.
    32. Lin, Ruiyue & Li, Zongxin, 2020. "Directional distance based diversification super-efficiency DEA models for mutual funds," Omega, Elsevier, vol. 97(C).
    33. Claudio Thieme & Víctor Giménez & Diego Prior & Emili Tortosa-Ausina, 2023. "Health vs. Wealth: A Cross-country Analysis of Managerial Effectiveness of the COVID-19," Working Papers 2023/10, Economics Department, Universitat Jaume I, Castellón (Spain).
    34. Kao, Chiang, 2020. "Measuring efficiency in a general production possibility set allowing for negative data," European Journal of Operational Research, Elsevier, vol. 282(3), pages 980-988.

  43. K. Kerstens & A. Mounir & I. van de Woestyne, 2011. "Non-parametric frontier estimates of mutual fund performance using C- and L-moments: Some specification tests," Post-Print halshs-00578239, HAL.

    Cited by:

    1. Galagedera, Don U.A., 2019. "Modelling social responsibility in mutual fund performance appraisal: A two-stage data envelopment analysis model with non-discretionary first stage output," European Journal of Operational Research, Elsevier, vol. 273(1), pages 376-389.
    2. Kristiaan Kerstens & Paolo Mazza & Tiantian Ren & Ignace Van de Woestyne, 2021. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Working Papers 2021-EQM-03, IESEG School of Management.
    3. Jin, Qianying & Basso, Antonella & Funari, Stefania & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2024. "Evaluating different groups of mutual funds using a metafrontier approach: Ethical vs. non-ethical funds," European Journal of Operational Research, Elsevier, vol. 312(3), pages 1134-1145.
    4. Andreu, Laura & Serrano, Miguel & Vicente, Luis, 2019. "Efficiency of mutual fund managers: A slacks-based manager efficiency index," European Journal of Operational Research, Elsevier, vol. 273(3), pages 1180-1193.
    5. Juan Carlos Matallín-Sáez & Amparo Soler-Domínguez & Emili Tortosa-Ausina, 2019. "Does active management add value? New evidence from a quantile regression approach," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 70(10), pages 1734-1751, October.
    6. Tsolas, Ioannis E., 2014. "Precious metal mutual fund performance appraisal using DEA modeling," Resources Policy, Elsevier, vol. 39(C), pages 54-60.
    7. Sepideh Kaffash & Marianna Marra, 2017. "Data envelopment analysis in financial services: a citations network analysis of banks, insurance companies and money market funds," Annals of Operations Research, Springer, vol. 253(1), pages 307-344, June.
    8. Basso, Antonella & Funari, Stefania, 2014. "Constant and variable returns to scale DEA models for socially responsible investment funds," European Journal of Operational Research, Elsevier, vol. 235(3), pages 775-783.
    9. Wanke, Peter & Maredza, Andrew & Gupta, Rangan, 2017. "Merger and acquisitions in South African banking: A network DEA model," Research in International Business and Finance, Elsevier, vol. 41(C), pages 362-376.
    10. Wanke, Peter & Barros, Carlos P. & Faria, João R., 2015. "Financial distress drivers in Brazilian banks: A dynamic slacks approach," European Journal of Operational Research, Elsevier, vol. 240(1), pages 258-268.
    11. Galagedera, Don U.A. & Fukuyama, Hirofumi & Watson, John & Tan, Eric K.M., 2020. "Do mutual fund managers earn their fees? New measures for performance appraisal," European Journal of Operational Research, Elsevier, vol. 287(2), pages 653-667.
    12. Aminah Shari, 2015. "The Performance of Unit Trust Industry in Malaysia," Information Management and Business Review, AMH International, vol. 7(4), pages 46-54.
    13. Carlos P. Barros & Qi Bin Liang & Nicolas Peypoch, 2014. "Technical Efficiency in the Angolan Banking Sector with the B-convexity Model," South African Journal of Economics, Economic Society of South Africa, vol. 82(3), pages 443-454, September.
    14. Abdelsalam, Omneya & Duygun, Meryem & Matallín-Sáez, Juan Carlos & Tortosa-Ausina, Emili, 2014. "Do ethics imply persistence? The case of Islamic and socially responsible funds," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 182-194.
    15. Antonella Basso & Stefania Funari, 2017. "The role of fund size in the performance of mutual funds assessed with DEA models," The European Journal of Finance, Taylor & Francis Journals, vol. 23(6), pages 457-473, May.
    16. Wanke, Peter & Tsionas, Mike G. & Chen, Zhongfei & Moreira Antunes, Jorge Junio, 2020. "Dynamic network DEA and SFA models for accounting and financial indicators with an analysis of super-efficiency in stochastic frontiers: An efficiency comparison in OECD banking," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 456-468.
    17. Babalos, Vassilios & Mamatzakis, Emmanuel C. & Matousek, Roman, 2015. "The performance of US equity mutual funds," Journal of Banking & Finance, Elsevier, vol. 52(C), pages 217-229.
    18. Bilbao-Terol, Amelia & Álvarez-Otero, Susana & Bilbao-Terol, Celia & Cañal-Fernández, Verónica, 2017. "Hedonic evaluation of the SRI label of mutual funds using matching methodology," International Review of Financial Analysis, Elsevier, vol. 52(C), pages 213-227.
    19. Olivier Brandouy & Kristiaan Kerstens & Ignace Van De Woestyne, 2015. "Frontier-based vs. traditional mutual fund ratings: A first backtesting analysis," Post-Print hal-01533555, HAL.
    20. Zhou, Zhongbao & Gao, Meng & Xiao, Helu & Wang, Rui & Liu, Wenbin, 2021. "Big data and portfolio optimization: A novel approach integrating DEA with multiple data sources," Omega, Elsevier, vol. 104(C).
    21. Badrinath, S.G. & Gubellini, S., 2011. "On the characteristics and performance of long-short, market-neutral and bear mutual funds," Journal of Banking & Finance, Elsevier, vol. 35(7), pages 1762-1776, July.
    22. J. Carlos Matallín-Sáez & Amparo Soler-Domínguez & Emili Tortosa-Ausina, 2013. "Does active management add value? New evidence from a quantile regression," Working Papers 2013/01, Economics Department, Universitat Jaume I, Castellón (Spain).
    23. Peter Wanke & Carlos Barros & Nkanga Pedro João Macanda, 2016. "Predicting Efficiency in Angolan Banks: A Two-Stage TOPSIS and Neural Networks Approach," South African Journal of Economics, Economic Society of South Africa, vol. 84(3), pages 461-483, September.

  44. R. Chumpitaz & K. Kerstens & N. Paparoidamis & M. Staat, 2010. "Comparing efficiency across markets : an extension and critique of the Zhang and Bartels (1998) methodology," Post-Print halshs-00473889, HAL.

    Cited by:

    1. Bogetoft, Peter & Kromann, Lene, 2018. "Evaluating treatment effects using data envelopment analysis on matched samples: An analysis of electronic information sharing and firm performance," European Journal of Operational Research, Elsevier, vol. 270(1), pages 302-313.
    2. Karagiannis, Roxani & Karagiannis, Giannis, 2023. "Nonparametric estimates of price efficiency for the Greek infant milk market: Curing the curse of dimensionality with shannon entropy," Economic Modelling, Elsevier, vol. 121(C).

  45. Kerstens, Kristiaan & Hachem, Bouye Ahmed Moulaye & Van de Woestyne, Ignace, 2010. "Malmquist and Hicks-Moorsteen Productivity Indices: An Empirical Comparison Focusing on Infeasibilities," Working Papers 2010/31, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.

    Cited by:

    1. Aparicio, Juan & Garcia-Nove, Eva M. & Kapelko, Magdalena & Pastor, Jesus T., 2017. "Graph productivity change measure using the least distance to the pareto-efficient frontier in data envelopment analysis," Omega, Elsevier, vol. 72(C), pages 1-14.
    2. Dedehouanou, Sènakpon F. A., 2014. "Diversification towards high value export production, farm household productivity and efficiency in Senegal," Conference papers 332432, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Arjomandi, Amir & Valadkhani, Abbas & O’Brien, Martin, 2014. "Analysing banks’ intermediation and operational performance using the Hicks–Moorsteen TFP index: The case of Iran," Research in International Business and Finance, Elsevier, vol. 30(C), pages 111-125.

  46. O. Brandouy & W. Briec & K. Kerstens & I. van de Woestyne, 2010. "Portfolio performance gauging in discrete time using a luenberger productivity indicator," Post-Print halshs-00490032, HAL.

    Cited by:

    1. E. Avisoa, 2016. "European banks’ technical efficiency and performance: do business models matter? The case of European co-operatives banks," Débats économiques et financiers 25, Banque de France.
    2. Hamidi, Benjamin & Maillet, Bertrand & Prigent, Jean-Luc, 2014. "A dynamic autoregressive expectile for time-invariant portfolio protection strategies," Journal of Economic Dynamics and Control, Elsevier, vol. 46(C), pages 1-29.
    3. K. Kerstens, 2010. "Non-Parametric Frontier Estimates of Mutual Fund Performance Using C- and L-Moments : Some Specification Tests," Post-Print halshs-00777288, HAL.
    4. G.A. Vijayalakshmi Pai & Thierry Michel, 2012. "Integrated Metaheuristic Optimization Of 130–30 Investment‐Strategy‐Based Long–Short Portfolios," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 19(1), pages 43-74, January.
    5. Jin-Li Hu & Tzu-Pu Chang & Ray Chou, 2014. "Market conditions and the effect of diversification on mutual fund performance: should funds be more concentrative under crisis?," Journal of Productivity Analysis, Springer, vol. 41(1), pages 141-151, February.
    6. Jens J. Krüger, 2021. "Nonparametric portfolio efficiency measurement with higher moments," Empirical Economics, Springer, vol. 61(3), pages 1435-1459, September.
    7. Krüger, Jens, 2021. "Nonparametric Portfolio Efficiency Measurement with Higher Moments," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 130825, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    8. Wanke, Peter & Maredza, Andrew & Gupta, Rangan, 2017. "Merger and acquisitions in South African banking: A network DEA model," Research in International Business and Finance, Elsevier, vol. 41(C), pages 362-376.
    9. Wanke, Peter & Barros, Carlos P. & Faria, João R., 2015. "Financial distress drivers in Brazilian banks: A dynamic slacks approach," European Journal of Operational Research, Elsevier, vol. 240(1), pages 258-268.
    10. Carlos P. Barros & Qi Bin Liang & Nicolas Peypoch, 2014. "Technical Efficiency in the Angolan Banking Sector with the B-convexity Model," South African Journal of Economics, Economic Society of South Africa, vol. 82(3), pages 443-454, September.
    11. Xiao, Helu & Zhou, Zhongbao & Ren, Teng & Liu, Wenbin, 2022. "Estimation of portfolio efficiency in nonconvex settings: A free disposal hull estimator with non-increasing returns to scale," Omega, Elsevier, vol. 111(C).
    12. Wanke, Peter & Tsionas, Mike G. & Chen, Zhongfei & Moreira Antunes, Jorge Junio, 2020. "Dynamic network DEA and SFA models for accounting and financial indicators with an analysis of super-efficiency in stochastic frontiers: An efficiency comparison in OECD banking," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 456-468.
    13. Miao, Zhuang & Chen, Xiaodong & Baležentis, Tomas, 2021. "Improving energy use and mitigating pollutant emissions across “Three Regions and Ten Urban Agglomerations”: A city-level productivity growth decomposition," Applied Energy, Elsevier, vol. 283(C).
    14. Peter Wanke & Carlos Barros & Nkanga Pedro João Macanda, 2016. "Predicting Efficiency in Angolan Banks: A Two-Stage TOPSIS and Neural Networks Approach," South African Journal of Economics, Economic Society of South Africa, vol. 84(3), pages 461-483, September.

  47. K. Kerstens & B.A. Moulaye Hachem & I. van de Woestyne & N. Vestergaard, 2010. "Optimal capacity utilization and reallocation in a german bank branch network: exploring some strategic scenarios," Post-Print hal-00557669, HAL.

    Cited by:

    1. Subhash C. Ray, 2014. "Branching Efficiency in Indian Banking: An Analysis of a Demand-Constrained Network," Working papers 2014-34, University of Connecticut, Department of Economics.
    2. Ray, Subhash, 2016. "Cost efficiency in an Indian bank branch network: A centralized resource allocation model," Omega, Elsevier, vol. 65(C), pages 69-81.

  48. R. Chumpitaz & K. Kerstens & N. Paparoidamis & M. Staat, 2010. "Hedonic price function estimation in economics and marketing : revisiting lancaster's issue of "noncombinable" goods," Post-Print halshs-00473166, HAL.

    Cited by:

    1. K. Kerstens, 2010. "Non-Parametric Frontier Estimates of Mutual Fund Performance Using C- and L-Moments : Some Specification Tests," Post-Print halshs-00777288, HAL.
    2. François-Charles Wolff, 2016. "Bargaining powers of buyers and sellers on the online diamond market: a double perspective non-parametric analysis," Post-Print hal-04473780, HAL.
    3. Christian Ben Lakhdar & Hervé Leleu & Nicolas Gérard Vaillant & François-Charles Wolff, 2013. "Efficiency of purchasing and selling agents in markets with quality uncertainty: The case of illicit drug transactions," Post-Print hal-02514394, HAL.
    4. González, Eduardo & Cárcaba, Ana & Ventura, Juan, 2015. "How car dealers adjust prices to reach the product efficiency frontier in the Spanish automobile market," Omega, Elsevier, vol. 51(C), pages 38-48.
    5. Karagiannis, Roxani & Karagiannis, Giannis, 2023. "Nonparametric estimates of price efficiency for the Greek infant milk market: Curing the curse of dimensionality with shannon entropy," Economic Modelling, Elsevier, vol. 121(C).
    6. Michelle Haynes & Steve Thompson & Peter W. Wright, 2014. "New Model Introductions, Cannibalization and Market Stealing: Evidence from Shopbot Data," Manchester School, University of Manchester, vol. 82(4), pages 385-408, July.

  49. W. Briec & K. Kerstens & D. Prior & I. van de Woestyne, 2010. "Tangency capacity notions based upon the profit and cost functions : a non-parametric approach and a general comparison," Post-Print halshs-00507068, HAL.

    Cited by:

    1. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "A New Input-Oriented Plant Capacity Notion: Definition and Empirical Comparison," Pacific Economic Review, Wiley Blackwell, vol. 22(4), pages 720-739, October.
    2. De Borger, Bruno & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2009. "Static Efficiency Decompositions and Capacity Utilisation: Integrating Economic and Technical Capacity Notions. Technical Appendix," Working Papers 2009/31, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    3. B. de Borger & K. Kerstens & D. Prior & I. van de Woestyne, 2012. "Static efficiency decompositions and capacity utilization: integrating economic and technical capacity notions," Post-Print hal-00677646, HAL.
    4. Kerstens, Kristiaan & Sadeghi, Jafar & Van de Woestyne, Ignace, 2019. "Convex and nonconvex input-oriented technical and economic capacity measures: An empirical comparison," European Journal of Operational Research, Elsevier, vol. 276(2), pages 699-709.
    5. Dale Squires & Kathleen Segerson, 2022. "Capacity and Capacity Utilization in Production Economics," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 24, pages 1001-1037, Springer.

  50. Walter Briec & Kristiaan Kerstens & Nicolas Peypoch, 2009. "Exact Relations between Four De?nitions of Productivity Indices and Indicators," Working Papers 2009-ECO-07, IESEG School of Management.

    Cited by:

    1. Pastor, Jesus T. & Zofio, Jose L., 2017. "Can Farrell's allocative efficiency be generalized by the directional distance function approach?Author-Name: Aparicio, Juan," European Journal of Operational Research, Elsevier, vol. 257(1), pages 345-351.
    2. Chen, Xiang & Chen, Yong & Huang, Wenli & Zhang, Xuping, 2023. "A new Malmquist-type green total factor productivity measure: An application to China," Energy Economics, Elsevier, vol. 117(C).
    3. Pastor, Jesus T. & Lovell, C.A. Knox & Aparicio, Juan, 2020. "Defining a new graph inefficiency measure for the proportional directional distance function and introducing a new Malmquist productivity index," European Journal of Operational Research, Elsevier, vol. 281(1), pages 222-230.
    4. Mocholi-Arce, Manuel & Sala-Garrido, Ramon & Molinos-Senante, Maria & Maziotis, Alexandros, 2023. "Profit productivity change in the English and Welsh water sector: Impact of the price reviews," Utilities Policy, Elsevier, vol. 82(C).
    5. Mocholi-Arce, Manuel & Sala-Garrido, Ramon & Molinos-Senante, Maria & Maziotis, Alexandros, 2021. "Water company productivity change: A disaggregated approach accounting for changes in inputs and outputs," Utilities Policy, Elsevier, vol. 70(C).
    6. Walter Briec & Laurence Lasselle, 2022. "On some relations between a continuous time Luenberger productivity indicator and the Solow model," Bulletin of Economic Research, Wiley Blackwell, vol. 74(2), pages 484-502, April.
    7. Gustavo Ferro & María Eugenia Labaronnie & Carlos A. Romero, 2011. "Medición de cambios en productividad con indicador de Luenberger en el sector de seguros en Argentina a la salida de la crisis," Working Papers hal-00597947, HAL.
    8. Merino, Fernando, 2012. "Firms' internationalization and productivity growth," Research in Economics, Elsevier, vol. 66(4), pages 349-354.
    9. Ang, Frederic & Kerstens, Pieter Jan, 2017. "Decomposing the Luenberger–Hicks–Moorsteen Total Factor Productivity indicator: An application to U.S. agriculture," European Journal of Operational Research, Elsevier, vol. 260(1), pages 359-375.
    10. Picazo-Tadeo, Andrés J. & Castillo-Giménez, Juana & Beltrán-Esteve, Mercedes, 2014. "An intertemporal approach to measuring environmental performance with directional distance functions: Greenhouse gas emissions in the European Union," Ecological Economics, Elsevier, vol. 100(C), pages 173-182.
    11. Magdalena Kapelko & Alfons Oude Lansink & Spiro E Stefanou, 2015. "Effect of Food Regulation on the Spanish Food Processing Industry: A Dynamic Productivity Analysis," PLOS ONE, Public Library of Science, vol. 10(6), pages 1-16, June.
    12. Kubečková Darja & Smugala Stanislav, 2021. "Determination of construction process duration based on labor productivity estimation: A case study," Organization, Technology and Management in Construction, Sciendo, vol. 13(2), pages 2521-2538, July.
    13. Gustavo Ferro & Carlos A. Romero, 2011. "Comparación de medidas de cambio de productividad. Las aproximaciones de Malmquist y Luenberger en una aplicación al mercado de seguros," Working Papers hal-00597946, HAL.

  51. Walter Briec & K. Kerstens, 2009. "Infeasibilities and directional distance functions: with application to the determinateness of the luenberger productivity indicator," Post-Print hal-00372560, HAL.

    Cited by:

    1. Kristiaan Kerstens & Jafar Sadeghi & Mehdi Toloo & Ignace van de Woestyne, 2022. "Procedures for ranking technical and cost efficient units: With a focus on nonconvexity," Post-Print hal-03595989, HAL.
    2. Brandouy, Olivier & Briec, Walter & Kerstens, Kristiaan, 2008. "Portfolio performance gauging in discrete time using a Luenberger productivity indicator," Working Papers 2008/60, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    3. Epure, Mircea & Kerstens, Kristiaan & Prior, Diego, 2011. "Technology-based total factor productivity and benchmarking: New proposals and an application," Omega, Elsevier, vol. 39(6), pages 608-619, December.
    4. Arnaud Abad & Rabaozafy Louisa Andriamasy & Walter Briec, 2018. "Surplus measures and luenberger Hicks–Moorsteen productivity indicator," Journal of Economics, Springer, vol. 125(3), pages 279-308, November.
    5. Beltrán-Esteve, Mercedes & Picazo-Tadeo, Andrés J., 2015. "Assessing environmental performance trends in the transport industry: Eco-innovation or catching-up?," Energy Economics, Elsevier, vol. 51(C), pages 570-580.
    6. K. Kerstens & I. van de Woestyne, 2014. "Comparing Malmquist and Hicks-Moorsteen productivity indices : exploring the impact of unbalanced vs. balanced panel data," Post-Print hal-00907943, HAL.
    7. Zelenyuk, Valentin, 2013. "A scale elasticity measure for directional distance function and its dual: Theory and DEA estimation," European Journal of Operational Research, Elsevier, vol. 228(3), pages 592-600.
    8. Aparicio, Juan & Garcia-Nove, Eva M. & Kapelko, Magdalena & Pastor, Jesus T., 2017. "Graph productivity change measure using the least distance to the pareto-efficient frontier in data envelopment analysis," Omega, Elsevier, vol. 72(C), pages 1-14.
    9. Balk, Bert M., 2018. "Profit-oriented productivity change: A comment," Omega, Elsevier, vol. 78(C), pages 176-178.
    10. Aparicio, Juan & Kapelko, Magdalena & Zofío, José L., 2020. "The measurement of environmental economic inefficiency with pollution-generating technologies," Resource and Energy Economics, Elsevier, vol. 62(C).
    11. Qianying Jin & Kristiaan Kerstens & Ignace van de Woestyne, 2020. "Metafrontier productivity indices: Questioning the common convexification strategy," Post-Print hal-02496997, HAL.
    12. Pontus Mattsson & Jonas Månsson & Christian Andersson & Fredrik Bonander, 2018. "A bootstrapped Malmquist index applied to Swedish district courts," European Journal of Law and Economics, Springer, vol. 46(1), pages 109-139, August.
    13. Kristiaan Kerstens & Jens Krüger & Zhiyang Shen, 2022. "Localized technological change," Post-Print halshs-03925232, HAL.
    14. Tomas Balezentis & Kristiaan Kerstens & Zhiyang Shen, 2022. "Economic and Environmental Decomposition of Luenberger-Hicks-Moorsteen Total Factor Productivity Indicator: Empirical Analysis of Chinese Textile Firms With a Focus on Reporting Infeasibilities and Qu," Post-Print hal-03833245, HAL.
    15. Yang, Fuxia & Yang, Mian, 2015. "Analysis on China's eco-innovations: Regulation context, intertemporal change and regional differences," European Journal of Operational Research, Elsevier, vol. 247(3), pages 1003-1012.
    16. Kapelko, Magdalena & Oude Lansink, Alfons & Stefanou, Spiro, 2012. "Analysis of static and dynamic productivity growth in the Spanish meat processing industry," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 12(27), pages 1-13, September.
    17. Xiaoqing Chen & Kristiaan Kerstens & Mike Tsionas, 2023. "Does Productivity Change at All in Swedish District Courts? Empirical Analysis Focusing on Horizontal Mergers," Working Papers 2023-EQM-03, IESEG School of Management.
    18. Jradi, Samah & Bouzdine Chameeva, Tatiana & Aparicio, Juan, 2019. "The measurement of revenue inefficiency over time: An additive perspective," Omega, Elsevier, vol. 83(C), pages 167-180.
    19. Magdalena Kapelko, 2019. "Measuring productivity change accounting for adjustment costs: evidence from the food industry in the European Union," Annals of Operations Research, Springer, vol. 278(1), pages 215-234, July.
    20. Barros, Carlos P. & Guironnet, Jean-Pascal & Peypoch, Nicolas, 2011. "Productivity growth and biased technical change in French higher education," Economic Modelling, Elsevier, vol. 28(1), pages 641-646.
    21. Kerstens, Kristiaan & Van de Woestyne, Ignace, 2009. "Negative Data in DEA: A Simple Proportional Distance Function Approach," Working Papers 2009/04, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    22. Juan Aparicio & Magdalena Kapelko & Bernhard Mahlberg & Jose L. Sainz-Pardo, 2017. "Measuring input-specific productivity change based on the principle of least action," Journal of Productivity Analysis, Springer, vol. 47(1), pages 17-31, February.
    23. Kapelko, Magdalena & Oude Lansink, Alfons G.J.M. & Stefanou, Spiro E., 2012. "Dynamic Productivity Growth in the Spanish Meat Industry," 131st Seminar, September 18-19, 2012, Prague, Czech Republic 135789, European Association of Agricultural Economists.
    24. Magdalena Kapelko & Alfons Oude Lansink & Spiro E. Stefanou, 2017. "Input-Specific Dynamic Productivity Change: Measurement and Application to European Dairy Manufacturing Firms," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(2), pages 579-599, June.
    25. Jens J. Krüger, 2017. "Revisiting the world technology frontier: a directional distance function approach," Journal of Economic Growth, Springer, vol. 22(1), pages 67-95, March.
    26. Arnaud Abad & Paola Ravelojaona, 2017. "Exponential environmental productivity index and indicators," Post-Print hal-03025344, HAL.
    27. Zotti, Roberto & Barra, Cristian, 2014. "Human capital development, knowledge spillovers and local growth: Is there a quality effect of university efficiency?," MPRA Paper 60065, University Library of Munich, Germany.
    28. Walter Briec & Kristiaan Kerstens, 2009. "Portfolio Selection in Multidimensional General and Partial Moment Space," Working Papers 2009-ECO-08, IESEG School of Management.
    29. Walter Briec & Stéphane Mussard, 2019. "Improvement of Technical Efficiency of Firm Groups," Post-Print hal-02387847, HAL.
    30. Beltrán-Esteve, Mercedes & Picazo-Tadeo, Andrés J., 2017. "Assessing environmental performance in the European Union: Eco-innovation versus catching-up," Energy Policy, Elsevier, vol. 104(C), pages 240-252.
    31. Magdalena Kapelko & Alfons Oude Lansink, 2015. "An international comparison of productivity change in the textile and clothing industry: a bootstrapped Malmquist index approach," Empirical Economics, Springer, vol. 48(4), pages 1499-1523, June.
    32. Kristiaan Kerstens & Christopher O’donnell & Ignace van de Woestyne, 2019. "Metatechnology frontier and convexity: A restatement," Post-Print hal-02108502, HAL.
    33. Juan Aparicio & Javier Barbero & Magdalena Kapelko & Jesus T. Pastor & Jose L. Zofio, 2016. "Environmental Productivity Change in World Air Emissions: A new Malmquist-Luenberger Index Approach," JRC Research Reports JRC104083, Joint Research Centre.
    34. Mette Asmild & Tomas Baležentis & Jens Leth Hougaard, 2016. "Multi-directional productivity change: MEA-Malmquist," Journal of Productivity Analysis, Springer, vol. 46(2), pages 109-119, December.
    35. A L Johnson & L F McGinnis, 2009. "The hyperbolic-oriented efficiency measure as a remedy to infeasibility of super efficiency models," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(11), pages 1511-1517, November.
    36. Juo, Jia-Ching & Fu, Tsu-Tan & Yu, Ming-Miin & Lin, Yu-Hui, 2016. "Non-radial profit performance: An application to Taiwanese banks," Omega, Elsevier, vol. 65(C), pages 111-121.
    37. Juan Aparicio & José L. Zofío & Jesús T. Pastor, 2023. "Decomposing Economic Efficiency into Technical and Allocative Components: An Essential Property," Journal of Optimization Theory and Applications, Springer, vol. 197(1), pages 98-129, April.
    38. Barra, Cristian & Zotti, Roberto, 2014. "Handling negative data using Data Envelopment Analysis: a directional distance approach applied to higher education," MPRA Paper 55570, University Library of Munich, Germany.
    39. Yao-yao Song & Xian-tong Ren & Guo-liang Yang, 2023. "Capacity utilization change over time," Journal of Productivity Analysis, Springer, vol. 59(1), pages 61-78, February.
    40. Briec, Walter & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2018. "Testing general and special Färe-Primont indices: A proposal for public and private sector synthetic indices of European regional expenditures and tourism," European Journal of Operational Research, Elsevier, vol. 271(2), pages 756-768.
    41. Ang, Frederic & Jan Kerstens, Pieter, 2016. "To mix or specialise? A coordination productivity indicator for English and Welsh farms," 90th Annual Conference, April 4-6, 2016, Warwick University, Coventry, UK 236337, Agricultural Economics Society.
    42. Andrés J. Picazo-Tadeo & Juana Castillo & Mercedes Beltrán-Esteve, 2013. "A dynamic approach to measuring ecological-economic performance with directional distance functions: greenhouse gas emissions in the European Union," Working Papers 1304, Department of Applied Economics II, Universidad de Valencia.
    43. Briec, Walter & Kerstens, Kristiaan, 2009. "The Luenberger productivity indicator: An economic specification leading to infeasibilities," Economic Modelling, Elsevier, vol. 26(3), pages 597-600, May.
    44. Aparicio, Juan & Ortiz, Lidia & Santín, Daniel, 2021. "Comparing group performance over time through the Luenberger productivity indicator: An application to school ownership in European countries," European Journal of Operational Research, Elsevier, vol. 294(2), pages 651-672.
    45. Martin Boďa & Mariana Považanová, 2020. "Productivity patterns in Europe: adaptation of the Malmquist index to measuring group performance and productivity change over time," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(4), pages 949-989, November.
    46. Walter Briec & Audrey Dumas & Kristiaan Kerstens & Agathe Stenger, 2021. "Generalised Commensurability Properties of Efficiency Measures: Implications for Productivity Indicators," Working Papers 2021-EQM-01, IESEG School of Management.
    47. Mahlberg, Bernhard & Sahoo, Biresh K., 2011. "Radial and non-radial decompositions of Luenberger productivity indicator with an illustrative application," International Journal of Production Economics, Elsevier, vol. 131(2), pages 721-726, June.
    48. Kuosmanen, Timo & Kazemi Matin, Reza, 2011. "Duality of weakly disposable technology," Omega, Elsevier, vol. 39(5), pages 504-512, October.
    49. Juan Aparicio & Fernando Borras & Lidia Ortiz & Jesus T. Pastor & Fernando Vidal, 2019. "Luenberger-type indicators based on the weighted additive distance function," Annals of Operations Research, Springer, vol. 278(1), pages 195-213, July.
    50. Ang, Frederic & Kerstens, Pieter Jan, 2017. "Decomposing the Luenberger–Hicks–Moorsteen Total Factor Productivity indicator: An application to U.S. agriculture," European Journal of Operational Research, Elsevier, vol. 260(1), pages 359-375.
    51. Picazo-Tadeo, Andrés J. & Castillo-Giménez, Juana & Beltrán-Esteve, Mercedes, 2014. "An intertemporal approach to measuring environmental performance with directional distance functions: Greenhouse gas emissions in the European Union," Ecological Economics, Elsevier, vol. 100(C), pages 173-182.
    52. Tziogkidis, Panagiotis & Philippas, Dionisis & Tsionas, Mike G., 2020. "Multidirectional conditional convergence in European banking," Journal of Economic Behavior & Organization, Elsevier, vol. 173(C), pages 88-106.
    53. Hirofumi Fukuyama & Yong Tan, 2021. "Corporate social behaviour: Is it good for efficiency in the Chinese banking industry?," Annals of Operations Research, Springer, vol. 306(1), pages 383-413, November.
    54. Mahlberg, Bernhard & Luptacik, Mikulas & Sahoo, Biresh K., 2011. "Examining the drivers of total factor productivity change with an illustrative example of 14 EU countries," Ecological Economics, Elsevier, vol. 72(C), pages 60-69.
    55. Ang, Frederic & Kerstens, Pieter Jan, 2020. "A superlative indicator for the Luenberger-Hicks-Moorsteen productivity indicator: Theory and application," European Journal of Operational Research, Elsevier, vol. 285(3), pages 1161-1173.
    56. Podinovski, Victor V. & Ismail, Ihsan & Bouzdine-Chameeva, Tatiana & Zhang, Wenjuan, 2014. "Combining the assumptions of variable and constant returns to scale in the efficiency evaluation of secondary schools," European Journal of Operational Research, Elsevier, vol. 239(2), pages 504-513.
    57. Shoko Haneda & Akihiro Hashimoto & Takao Tsuneyoshi, 2012. "Evaluating Administrative Efficiency Change in the Post-Merger Period," International Regional Science Review, , vol. 35(2), pages 237-262, April.
    58. Lin, Ruiyue & Li, Zongxin, 2020. "Directional distance based diversification super-efficiency DEA models for mutual funds," Omega, Elsevier, vol. 97(C).
    59. Mondelaers, Koen & Kuosmanen, Timo & Van Passel, Steven & Buysse, Jeroen & Lauwers, Ludwig H. & Van Huylenbroeck, Guido, 2011. "Sustainable Efficiency Of Firms When New Sustainability Targets Are Introduced," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114633, European Association of Agricultural Economists.

  52. W. Briec & K. Kerstens, 2009. "Multi-horizon markowitz portfolio performance appraisals : a general approach," Post-Print hal-00288174, HAL.

    Cited by:

    1. Solórzano-Taborga, Pablo & Alonso-Conde, Ana Belén & Rojo-Suárez, Javier, 2018. "Efficiency and Persistence of Spanish Absolute Return Funds || Eficiencia y persistencia de los fondos de retorno absolutos españoles," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 25(1), pages 186-214, Junio.
    2. Chang, Tsung-Sheng & Tone, Kaoru & Wu, Chen-Hui, 2021. "Nested dynamic network data envelopment analysis models with infinitely many decision making units for portfolio evaluation," European Journal of Operational Research, Elsevier, vol. 291(2), pages 766-781.
    3. K. Kerstens, 2010. "Non-Parametric Frontier Estimates of Mutual Fund Performance Using C- and L-Moments : Some Specification Tests," Post-Print halshs-00777288, HAL.
    4. Lamb, John D. & Tee, Kai-Hong, 2012. "Resampling DEA estimates of investment fund performance," European Journal of Operational Research, Elsevier, vol. 223(3), pages 834-841.
    5. Martin Branda, 2016. "Mean-value at risk portfolio efficiency: approaches based on data envelopment analysis models with negative data and their empirical behaviour," 4OR, Springer, vol. 14(1), pages 77-99, March.
    6. Zhou, Zhongbao & Jin, Qianying & Xiao, Helu & Wu, Qian & Liu, Wenbin, 2018. "Estimation of cardinality constrained portfolio efficiency via segmented DEA," Omega, Elsevier, vol. 76(C), pages 28-37.
    7. Luo, Cuicui & Seco, Luis & Wu, Lin-Liang Bill, 2015. "Portfolio optimization in hedge funds by OGARCH and Markov Switching Model," Omega, Elsevier, vol. 57(PA), pages 34-39.
    8. Kristiaan Kerstens & Paolo Mazza & Tiantian Ren & Ignace Van de Woestyne, 2021. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Working Papers 2021-EQM-03, IESEG School of Management.
    9. Liu, Yong-Jun & Zhang, Wei-Guo, 2015. "A multi-period fuzzy portfolio optimization model with minimum transaction lots," European Journal of Operational Research, Elsevier, vol. 242(3), pages 933-941.
    10. Andreu, Laura & Serrano, Miguel & Vicente, Luis, 2019. "Efficiency of mutual fund managers: A slacks-based manager efficiency index," European Journal of Operational Research, Elsevier, vol. 273(3), pages 1180-1193.
    11. Juan Carlos Matallín-Sáez & Amparo Soler-Domínguez & Emili Tortosa-Ausina, 2019. "Does active management add value? New evidence from a quantile regression approach," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 70(10), pages 1734-1751, October.
    12. Tarnaud, Albane Christine & Leleu, Hervé, 2018. "Portfolio analysis with DEA: Prior to choosing a model," Omega, Elsevier, vol. 75(C), pages 57-76.
    13. Amparo Soler Domínguez & Juan Carlos Matallín Sáez & Emili Tortosa Ausina, 2011. "On the informativeness of persistence for mutual funds' performance evaluation using partial frontiers," Working Papers. Serie EC 2011-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    14. Tsolas, Ioannis E., 2014. "Precious metal mutual fund performance appraisal using DEA modeling," Resources Policy, Elsevier, vol. 39(C), pages 54-60.
    15. Simar, Léopold & Vanhems, Anne & Wilson, Paul W., 2012. "Statistical inference for DEA estimators of directional distances," European Journal of Operational Research, Elsevier, vol. 220(3), pages 853-864.
    16. Chen, Kaihua & Kou, Mingting & Fu, Xiaolan, 2018. "Evaluation of multi-period regional R&D efficiency: An application of dynamic DEA to China's regional R&D systems," Omega, Elsevier, vol. 74(C), pages 103-114.
    17. Ruiyue Lin & Zhiping Chen & Qianhui Hu & Zongxin Li, 2017. "Dynamic network DEA approach with diversification to multi-period performance evaluation of funds," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 39(3), pages 821-860, July.
    18. Pooja Bansal & Aparna Mehra, 2018. "Multi-period additive efficiency measurement in data envelopment analysis with non-positive and undesirable data," OPSEARCH, Springer;Operational Research Society of India, vol. 55(3), pages 642-661, November.
    19. Adam, Lukáš & Branda, Martin, 2021. "Risk-aversion in data envelopment analysis models with diversification," Omega, Elsevier, vol. 102(C).
    20. Bougnol, M.-L. & Dulá, J.H. & Estellita Lins, M.P. & Moreira da Silva, A.C., 2010. "Enhancing standard performance practices with DEA," Omega, Elsevier, vol. 38(1-2), pages 33-45, February.
    21. Abdelsalam, Omneya & Duygun, Meryem & Matallín-Sáez, Juan Carlos & Tortosa-Ausina, Emili, 2014. "Do ethics imply persistence? The case of Islamic and socially responsible funds," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 182-194.
    22. Lamb, John D. & Tee, Kai-Hong, 2012. "Data envelopment analysis models of investment funds," European Journal of Operational Research, Elsevier, vol. 216(3), pages 687-696.
    23. Xiao, Helu & Zhou, Zhongbao & Ren, Teng & Liu, Wenbin, 2022. "Estimation of portfolio efficiency in nonconvex settings: A free disposal hull estimator with non-increasing returns to scale," Omega, Elsevier, vol. 111(C).
    24. Reboredo, Juan C. & Quintela, Miguel & Otero, Luis A., 2017. "Do investors pay a premium for going green? Evidence from alternative energy mutual funds," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 512-520.
    25. Massol, Olivier & Banal-Estañol, Albert, 2014. "Export diversification through resource-based industrialization: The case of natural gas," European Journal of Operational Research, Elsevier, vol. 237(3), pages 1067-1082.
    26. Odeck, James, 2009. "Statistical precision of DEA and Malmquist indices: A bootstrap application to Norwegian grain producers," Omega, Elsevier, vol. 37(5), pages 1007-1017, October.
    27. Ito, Yutaka & Managi, Shunsuke & Matsuda, Akimi, 2012. "Performances of Socially Responsible Investment and Environmentally Friendly Funds," MPRA Paper 40654, University Library of Munich, Germany.
    28. Gbenga Ibikunle & Tom Steffen, 2017. "European Green Mutual Fund Performance: A Comparative Analysis with their Conventional and Black Peers," Journal of Business Ethics, Springer, vol. 145(2), pages 337-355, October.
    29. Paulo Matos & Guilherme Padilha & Maurício Benegas, 2016. "On the management efficiency of Brazilian stock mutual funds," Operational Research, Springer, vol. 16(3), pages 365-399, October.
    30. Xiao, Helu & Ren, Tiantian & Zhou, Zhongbao & Liu, Wenbin, 2021. "Parameter uncertainty in estimation of portfolio efficiency: Evidence from an interval diversification-consistent DEA approach," Omega, Elsevier, vol. 103(C).
    31. Lin, Ruiyue & Liu, Qian, 2021. "Multiplier dynamic data envelopment analysis based on directional distance function: An application to mutual funds," European Journal of Operational Research, Elsevier, vol. 293(3), pages 1043-1057.
    32. Liu, Wenbin & Zhou, Zhongbao & Liu, Debin & Xiao, Helu, 2015. "Estimation of portfolio efficiency via DEA," Omega, Elsevier, vol. 52(C), pages 107-118.
    33. Lin, Ruiyue & Li, Zongxin, 2020. "Directional distance based diversification super-efficiency DEA models for mutual funds," Omega, Elsevier, vol. 97(C).
    34. Emmanuel Jurczenko & Bertrand Maillet & Paul Merlin, 2008. "Efficient Frontier for Robust Higher-order Moment Portfolio Selection," Post-Print halshs-00336475, HAL.
    35. J. Carlos Matallín-Sáez & Amparo Soler-Domínguez & Emili Tortosa-Ausina, 2013. "Does active management add value? New evidence from a quantile regression," Working Papers 2013/01, Economics Department, Universitat Jaume I, Castellón (Spain).
    36. Zhou, Zhongbao & Xiao, Helu & Jin, Qianying & Liu, Wenbin, 2018. "DEA frontier improvement and portfolio rebalancing: An application of China mutual funds on considering sustainability information disclosure," European Journal of Operational Research, Elsevier, vol. 269(1), pages 111-131.

  53. Walter Briec & K. Kerstens, 2009. "The Luenberger Productivity Indicator: An Economic Specification Leading to Infeasibilities," Post-Print hal-00372482, HAL.

    Cited by:

    1. Aparicio, Juan & Garcia-Nove, Eva M. & Kapelko, Magdalena & Pastor, Jesus T., 2017. "Graph productivity change measure using the least distance to the pareto-efficient frontier in data envelopment analysis," Omega, Elsevier, vol. 72(C), pages 1-14.
    2. Epure, Mircea & Kerstens, Kristiaan & Prior, Diego, 2011. "Bank productivity and performance groups: A decomposition approach based upon the Luenberger productivity indicator," European Journal of Operational Research, Elsevier, vol. 211(3), pages 630-641, June.
    3. Balk, Bert M., 2018. "Profit-oriented productivity change: A comment," Omega, Elsevier, vol. 78(C), pages 176-178.
    4. Magdalena Kapelko, 2019. "Measuring productivity change accounting for adjustment costs: evidence from the food industry in the European Union," Annals of Operations Research, Springer, vol. 278(1), pages 215-234, July.
    5. Barros, Carlos P. & Guironnet, Jean-Pascal & Peypoch, Nicolas, 2011. "Productivity growth and biased technical change in French higher education," Economic Modelling, Elsevier, vol. 28(1), pages 641-646.
    6. Wang, Ke & Wei, Yi-Ming, 2016. "Sources of energy productivity change in China during 1997–2012: A decomposition analysis based on the Luenberger productivity indicator," Energy Economics, Elsevier, vol. 54(C), pages 50-59.
    7. Antonio José Orozco Gallo, 2014. "Una aproximación regional a la eficiencia y productividad de los hospitales públicos colombianos," Documentos de Trabajo Sobre Economía Regional y Urbana 11548, Banco de la República, Economía Regional.
    8. Radek Doskocil, 2022. "The Multicriteria Assessment of the Green Growth in the Context of the European Union’s Green Deal," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(61), pages 739-739, August.
    9. Juo, Jia-Ching & Fu, Tsu-Tan & Yu, Ming-Miin & Lin, Yu-Hui, 2016. "Non-radial profit performance: An application to Taiwanese banks," Omega, Elsevier, vol. 65(C), pages 111-121.
    10. Juan Aparicio & José L. Zofío & Jesús T. Pastor, 2023. "Decomposing Economic Efficiency into Technical and Allocative Components: An Essential Property," Journal of Optimization Theory and Applications, Springer, vol. 197(1), pages 98-129, April.
    11. Vouldis, Angelos T. & Michaelides, Panayotis G. & Tsionas, Efthymios G., 2010. "Estimating semi-parametric output distance functions with neural-based reduced form equations using LIML," Economic Modelling, Elsevier, vol. 27(3), pages 697-704, May.
    12. Färe, Rolf & Grosskopf, Shawna & Lundgren, Tommy & Marklund, Per-Olov & Zhou, Wenchao, 2012. "Productivity: Should We Include Bads?," CERE Working Papers 2012:13, CERE - the Center for Environmental and Resource Economics.
    13. Kapelko, M. & Horta, I.M. & Camanho, A.S. & Oude Lansink, A., 2015. "Measurement of input-specific productivity growth with an application to the construction industry in Spain and Portugal," International Journal of Production Economics, Elsevier, vol. 166(C), pages 64-71.
    14. Liyun Zhu & Alfons Oude Lansink, 2022. "Dynamic sustainable productivity growth of Dutch dairy farming," PLOS ONE, Public Library of Science, vol. 17(2), pages 1-19, February.
    15. Kapelko, Magdalena & Oude Lansink, Alfons & Stefanou, Spiro E., 2015. "Analyzing the impact of investment spikes on dynamic productivity growth," Omega, Elsevier, vol. 54(C), pages 116-124.
    16. Aparicio, Juan & Ortiz, Lidia & Santín, Daniel, 2021. "Comparing group performance over time through the Luenberger productivity indicator: An application to school ownership in European countries," European Journal of Operational Research, Elsevier, vol. 294(2), pages 651-672.
    17. Walter Briec & Audrey Dumas & Kristiaan Kerstens & Agathe Stenger, 2021. "Generalised Commensurability Properties of Efficiency Measures: Implications for Productivity Indicators," Working Papers 2021-EQM-01, IESEG School of Management.
    18. Juan Aparicio & Fernando Borras & Lidia Ortiz & Jesus T. Pastor & Fernando Vidal, 2019. "Luenberger-type indicators based on the weighted additive distance function," Annals of Operations Research, Springer, vol. 278(1), pages 195-213, July.
    19. Theodoros Skevas & Jasper Grashuis, 2023. "Evaluating dynamic productivity change of US farm supply cooperatives," Agribusiness, John Wiley & Sons, Ltd., vol. 39(4), pages 1238-1253, October.
    20. Fukuyama, Hirofumi & Matousek, Roman & Tzeremes, Nickolaos G., 2022. "Bank production with nonperforming loans: A minimum distance directional slack inefficiency approach," Omega, Elsevier, vol. 113(C).
    21. Briec, Walter & Dumas, Audrey & Stenger, Agathe, 2013. "On the standard achievement and well-being indexes and their relation to the Hicks–Moorsteen productivity index," Economic Modelling, Elsevier, vol. 35(C), pages 900-909.

  54. Walter Briec & Kristiaan Kerstens & Diego Prior, 2009. "Tangency Capacity Notions Based upon the Pro?t and Cost Functions: A Non-Parametric Approach and a Comparison," Working Papers 2009-ECO-05, IESEG School of Management.

    Cited by:

    1. De Borger, Bruno & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2009. "Static Efficiency Decompositions and Capacity Utilisation: Integrating Economic and Technical Capacity Notions. Technical Appendix," Working Papers 2009/31, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    2. B. de Borger & K. Kerstens & D. Prior & I. van de Woestyne, 2012. "Static efficiency decompositions and capacity utilization: integrating economic and technical capacity notions," Post-Print hal-00677646, HAL.

  55. J. Kjaersgaard & N. Vestergaard & K. Kerstens, 2009. "Ecological benchmarking to explore alternative fishing schemes to protect endangered species by substitution : the danish demersal fishery in the north sea," Post-Print halshs-00473917, HAL.

    Cited by:

    1. Leleu, Hervé, 2013. "Shadow pricing of undesirable outputs in nonparametric analysis," European Journal of Operational Research, Elsevier, vol. 231(2), pages 474-480.
    2. Hervé Leleu, 2013. "Duality of Shephard’s weakly disposable technology under a directional output distance function," Working Papers 2013-ECO-03, IESEG School of Management.
    3. Skevas, Theodoros & Stefanou, Spiro E. & Oude Lansink, Alfons, 2014. "Pesticide use, environmental spillovers and efficiency: A DEA risk-adjusted efficiency approach applied to Dutch arable farming," European Journal of Operational Research, Elsevier, vol. 237(2), pages 658-664.

  56. DE BORGER, Bruno & KERSTENS, Kristiaan & STAAT, Matthias, 2008. "Transit costs and cost efficiency: Bootstrapping non-parametric frontiers," Working Papers 2008012, University of Antwerp, Faculty of Business and Economics.

    Cited by:

    1. Brida, Juan Gabriel & Deidda, Manuela & Pulina, Manuela, 2014. "Tourism and transport systems in mountain environments: analysis of the economic efficiency of cableways in South Tyrol," Journal of Transport Geography, Elsevier, vol. 36(C), pages 1-11.
    2. Walter Briec & Kristiaan Kerstens & Ignace Van de Woestyne, 2013. "Nonparametric cost and revenue functions under constant economies of scale: An enumeration approach for the single output or input case," Working Papers 2013-ECO-22, IESEG School of Management.
    3. Fallah-Fini, Saeideh & Triantis, Konstantinos & de la Garza, Jesus M. & Seaver, William L., 2012. "Measuring the efficiency of highway maintenance contracting strategies: A bootstrapped non-parametric meta-frontier approach," European Journal of Operational Research, Elsevier, vol. 219(1), pages 134-145.
    4. Cinzia Daraio & Marco Diana & Flavia Di Costa & Claudio Leporelli & Giorgio Matteucci & Alberto Nastasi, 2014. "Efficiency and effectiveness in the urban public transport sector: a critical review with directions for future research," DIAG Technical Reports 2014-14, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".
    5. Galina Besstremyannaya & Jaak Simm, 2015. "Robust non-parametric estimation of cost efficiency with an application to banking industry," Working Papers w0217, New Economic School (NES).
    6. Briec, Walter & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2011. "Nonparametric cost and revenue functions under constant economies of scale: A simplification for the single output or input case," Working Papers 2011/12, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    7. Matthias Walter, 2011. "Some Determinants of Cost Efficiency in German Public Transport," Journal of Transport Economics and Policy, University of Bath, vol. 45(1), pages 1-20, January.
    8. Nocera Alves Junior, Paulo & Costa Melo, Isotilia & de Moraes Santos, Rodrigo & da Rocha, Fernando Vinícius & Caixeta-Filho, José Vicente, 2022. "How did COVID-19 affect green-fuel supply chain? - A performance analysis of Brazilian ethanol sector," Research in Transportation Economics, Elsevier, vol. 93(C).
    9. Perdomo Calvo, Jorge Andrés & Rubio Echeverri, Mariana, 2012. "Regulación Económica Para La Tarifa De Parqueaderos En Bogotá Mediante Precios Máximos [Economic Regulation For The Parking Fare In Bogota Trough Maximum Prices]," MPRA Paper 43891, University Library of Munich, Germany.
    10. Perdomo Calvo, Jorge Andrés, 2014. "An Economics Approach to Fixing the Fare of the Parking Lot Service in Bogotá Using Price Cap Regulation," MPRA Paper 79614, University Library of Munich, Germany.
    11. Galina Besstremyannaya & Jaak Simm & Sergei Golovan, 2017. "Robust estimation of cost efficiency in non-parametric frontier models," Working Papers w0244, New Economic School (NES).
    12. Daraio, Cinzia & Diana, Marco & Di Costa, Flavia & Leporelli, Claudio & Matteucci, Giorgio & Nastasi, Alberto, 2016. "Efficiency and effectiveness in the urban public transport sector: A critical review with directions for future research," European Journal of Operational Research, Elsevier, vol. 248(1), pages 1-20.
    13. Magnus Söderberg, 2009. "A Broad Performance Benchmark Based On Citizens’ Preferences: The Case Of Swedish Public Transportation," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 80(4), pages 579-603, December.
    14. Curi, Claudia & Gitto, Simone & Mancuso, Paolo, 2011. "New evidence on the efficiency of Italian airports: A bootstrapped DEA analysis," Socio-Economic Planning Sciences, Elsevier, vol. 45(2), pages 84-93, June.
    15. Georgiadis, Georgios & Politis, Ioannis & Papaioannou, Panagiotis, 2014. "Measuring and improving the efficiency and effectiveness of bus public transport systems," Research in Transportation Economics, Elsevier, vol. 48(C), pages 84-91.

  57. Walter Briec & Kristiaan Kerstens, 2008. "Infeasibility and Directional Distance Functions with Application to the Determinateness of the Luenberger Productivity Indicator," Working Papers 2008-ECO-11, IESEG School of Management.

    Cited by:

    1. Kristiaan Kerstens & Jafar Sadeghi & Mehdi Toloo & Ignace van de Woestyne, 2022. "Procedures for ranking technical and cost efficient units: With a focus on nonconvexity," Post-Print hal-03595989, HAL.
    2. Brandouy, Olivier & Briec, Walter & Kerstens, Kristiaan, 2008. "Portfolio performance gauging in discrete time using a Luenberger productivity indicator," Working Papers 2008/60, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    3. Epure, Mircea & Kerstens, Kristiaan & Prior, Diego, 2011. "Technology-based total factor productivity and benchmarking: New proposals and an application," Omega, Elsevier, vol. 39(6), pages 608-619, December.
    4. Arnaud Abad & Rabaozafy Louisa Andriamasy & Walter Briec, 2018. "Surplus measures and luenberger Hicks–Moorsteen productivity indicator," Journal of Economics, Springer, vol. 125(3), pages 279-308, November.
    5. Beltrán-Esteve, Mercedes & Picazo-Tadeo, Andrés J., 2015. "Assessing environmental performance trends in the transport industry: Eco-innovation or catching-up?," Energy Economics, Elsevier, vol. 51(C), pages 570-580.
    6. K. Kerstens & I. van de Woestyne, 2014. "Comparing Malmquist and Hicks-Moorsteen productivity indices : exploring the impact of unbalanced vs. balanced panel data," Post-Print hal-00907943, HAL.
    7. Zelenyuk, Valentin, 2013. "A scale elasticity measure for directional distance function and its dual: Theory and DEA estimation," European Journal of Operational Research, Elsevier, vol. 228(3), pages 592-600.
    8. Aparicio, Juan & Garcia-Nove, Eva M. & Kapelko, Magdalena & Pastor, Jesus T., 2017. "Graph productivity change measure using the least distance to the pareto-efficient frontier in data envelopment analysis," Omega, Elsevier, vol. 72(C), pages 1-14.
    9. Balk, Bert M., 2018. "Profit-oriented productivity change: A comment," Omega, Elsevier, vol. 78(C), pages 176-178.
    10. Aparicio, Juan & Kapelko, Magdalena & Zofío, José L., 2020. "The measurement of environmental economic inefficiency with pollution-generating technologies," Resource and Energy Economics, Elsevier, vol. 62(C).
    11. Qianying Jin & Kristiaan Kerstens & Ignace van de Woestyne, 2020. "Metafrontier productivity indices: Questioning the common convexification strategy," Post-Print hal-02496997, HAL.
    12. Pontus Mattsson & Jonas Månsson & Christian Andersson & Fredrik Bonander, 2018. "A bootstrapped Malmquist index applied to Swedish district courts," European Journal of Law and Economics, Springer, vol. 46(1), pages 109-139, August.
    13. Kristiaan Kerstens & Jens Krüger & Zhiyang Shen, 2022. "Localized technological change," Post-Print halshs-03925232, HAL.
    14. Tomas Balezentis & Kristiaan Kerstens & Zhiyang Shen, 2022. "Economic and Environmental Decomposition of Luenberger-Hicks-Moorsteen Total Factor Productivity Indicator: Empirical Analysis of Chinese Textile Firms With a Focus on Reporting Infeasibilities and Qu," Post-Print hal-03833245, HAL.
    15. Yang, Fuxia & Yang, Mian, 2015. "Analysis on China's eco-innovations: Regulation context, intertemporal change and regional differences," European Journal of Operational Research, Elsevier, vol. 247(3), pages 1003-1012.
    16. Kapelko, Magdalena & Oude Lansink, Alfons & Stefanou, Spiro, 2012. "Analysis of static and dynamic productivity growth in the Spanish meat processing industry," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 12(27), pages 1-13, September.
    17. Xiaoqing Chen & Kristiaan Kerstens & Mike Tsionas, 2023. "Does Productivity Change at All in Swedish District Courts? Empirical Analysis Focusing on Horizontal Mergers," Working Papers 2023-EQM-03, IESEG School of Management.
    18. Jradi, Samah & Bouzdine Chameeva, Tatiana & Aparicio, Juan, 2019. "The measurement of revenue inefficiency over time: An additive perspective," Omega, Elsevier, vol. 83(C), pages 167-180.
    19. Magdalena Kapelko, 2019. "Measuring productivity change accounting for adjustment costs: evidence from the food industry in the European Union," Annals of Operations Research, Springer, vol. 278(1), pages 215-234, July.
    20. Haiyan Deng & Ge Bai & Kristiaan Kerstens & Zhiyang Shen, 2023. "Comparing green productivity under convex and nonconvex technologies: Which is a robust approach consistent with energy structure?," Post-Print hal-04273632, HAL.
    21. Barros, Carlos P. & Guironnet, Jean-Pascal & Peypoch, Nicolas, 2011. "Productivity growth and biased technical change in French higher education," Economic Modelling, Elsevier, vol. 28(1), pages 641-646.
    22. Kerstens, Kristiaan & Van de Woestyne, Ignace, 2009. "Negative Data in DEA: A Simple Proportional Distance Function Approach," Working Papers 2009/04, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    23. Juan Aparicio & Magdalena Kapelko & Bernhard Mahlberg & Jose L. Sainz-Pardo, 2017. "Measuring input-specific productivity change based on the principle of least action," Journal of Productivity Analysis, Springer, vol. 47(1), pages 17-31, February.
    24. Kapelko, Magdalena & Oude Lansink, Alfons G.J.M. & Stefanou, Spiro E., 2012. "Dynamic Productivity Growth in the Spanish Meat Industry," 131st Seminar, September 18-19, 2012, Prague, Czech Republic 135789, European Association of Agricultural Economists.
    25. Jens J. Krüger, 2017. "Revisiting the world technology frontier: a directional distance function approach," Journal of Economic Growth, Springer, vol. 22(1), pages 67-95, March.
    26. Arnaud Abad & Paola Ravelojaona, 2017. "Exponential environmental productivity index and indicators," Post-Print hal-03025344, HAL.
    27. Zotti, Roberto & Barra, Cristian, 2014. "Human capital development, knowledge spillovers and local growth: Is there a quality effect of university efficiency?," MPRA Paper 60065, University Library of Munich, Germany.
    28. Halická, Margaréta & Trnovská, Mária & Černý, Aleš, 2024. "A unified approach to radial, hyperbolic, and directional efficiency measurement in data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 312(1), pages 298-314.
    29. Walter Briec & Kristiaan Kerstens, 2009. "Portfolio Selection in Multidimensional General and Partial Moment Space," Working Papers 2009-ECO-08, IESEG School of Management.
    30. Walter Briec & Stéphane Mussard, 2019. "Improvement of Technical Efficiency of Firm Groups," Post-Print hal-02387847, HAL.
    31. Beltrán-Esteve, Mercedes & Picazo-Tadeo, Andrés J., 2017. "Assessing environmental performance in the European Union: Eco-innovation versus catching-up," Energy Policy, Elsevier, vol. 104(C), pages 240-252.
    32. Magdalena Kapelko & Alfons Oude Lansink, 2015. "An international comparison of productivity change in the textile and clothing industry: a bootstrapped Malmquist index approach," Empirical Economics, Springer, vol. 48(4), pages 1499-1523, June.
    33. Kristiaan Kerstens & Christopher O’donnell & Ignace van de Woestyne, 2019. "Metatechnology frontier and convexity: A restatement," Post-Print hal-02108502, HAL.
    34. Juan Aparicio & Javier Barbero & Magdalena Kapelko & Jesus T. Pastor & Jose L. Zofio, 2016. "Environmental Productivity Change in World Air Emissions: A new Malmquist-Luenberger Index Approach," JRC Research Reports JRC104083, Joint Research Centre.
    35. Mette Asmild & Tomas Baležentis & Jens Leth Hougaard, 2016. "Multi-directional productivity change: MEA-Malmquist," Journal of Productivity Analysis, Springer, vol. 46(2), pages 109-119, December.
    36. A L Johnson & L F McGinnis, 2009. "The hyperbolic-oriented efficiency measure as a remedy to infeasibility of super efficiency models," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(11), pages 1511-1517, November.
    37. Juo, Jia-Ching & Fu, Tsu-Tan & Yu, Ming-Miin & Lin, Yu-Hui, 2016. "Non-radial profit performance: An application to Taiwanese banks," Omega, Elsevier, vol. 65(C), pages 111-121.
    38. Juan Aparicio & José L. Zofío & Jesús T. Pastor, 2023. "Decomposing Economic Efficiency into Technical and Allocative Components: An Essential Property," Journal of Optimization Theory and Applications, Springer, vol. 197(1), pages 98-129, April.
    39. Barra, Cristian & Zotti, Roberto, 2014. "Handling negative data using Data Envelopment Analysis: a directional distance approach applied to higher education," MPRA Paper 55570, University Library of Munich, Germany.
    40. Xiaoqing Chen & Xinwang Liu, 2023. "Comparing Malmquist and Hicks–Moorsteen productivity changes in China’s high-tech industries: exploring convexity implications," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 31(4), pages 1209-1237, December.
    41. Yao-yao Song & Xian-tong Ren & Guo-liang Yang, 2023. "Capacity utilization change over time," Journal of Productivity Analysis, Springer, vol. 59(1), pages 61-78, February.
    42. Färe, Rolf & Grosskopf, Shawna & Lundgren, Tommy & Marklund, Per-Olov & Zhou, Wenchao, 2012. "Productivity: Should We Include Bads?," CERE Working Papers 2012:13, CERE - the Center for Environmental and Resource Economics.
    43. Briec, Walter & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2018. "Testing general and special Färe-Primont indices: A proposal for public and private sector synthetic indices of European regional expenditures and tourism," European Journal of Operational Research, Elsevier, vol. 271(2), pages 756-768.
    44. Ang, Frederic & Jan Kerstens, Pieter, 2016. "To mix or specialise? A coordination productivity indicator for English and Welsh farms," 90th Annual Conference, April 4-6, 2016, Warwick University, Coventry, UK 236337, Agricultural Economics Society.
    45. Andrés J. Picazo-Tadeo & Juana Castillo & Mercedes Beltrán-Esteve, 2013. "A dynamic approach to measuring ecological-economic performance with directional distance functions: greenhouse gas emissions in the European Union," Working Papers 1304, Department of Applied Economics II, Universidad de Valencia.
    46. Briec, Walter & Kerstens, Kristiaan, 2009. "The Luenberger productivity indicator: An economic specification leading to infeasibilities," Economic Modelling, Elsevier, vol. 26(3), pages 597-600, May.
    47. Aparicio, Juan & Ortiz, Lidia & Santín, Daniel, 2021. "Comparing group performance over time through the Luenberger productivity indicator: An application to school ownership in European countries," European Journal of Operational Research, Elsevier, vol. 294(2), pages 651-672.
    48. Martin Boďa & Mariana Považanová, 2020. "Productivity patterns in Europe: adaptation of the Malmquist index to measuring group performance and productivity change over time," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(4), pages 949-989, November.
    49. Walter Briec & Audrey Dumas & Kristiaan Kerstens & Agathe Stenger, 2021. "Generalised Commensurability Properties of Efficiency Measures: Implications for Productivity Indicators," Working Papers 2021-EQM-01, IESEG School of Management.
    50. Mahlberg, Bernhard & Sahoo, Biresh K., 2011. "Radial and non-radial decompositions of Luenberger productivity indicator with an illustrative application," International Journal of Production Economics, Elsevier, vol. 131(2), pages 721-726, June.
    51. Kuosmanen, Timo & Kazemi Matin, Reza, 2011. "Duality of weakly disposable technology," Omega, Elsevier, vol. 39(5), pages 504-512, October.
    52. Juan Aparicio & Fernando Borras & Lidia Ortiz & Jesus T. Pastor & Fernando Vidal, 2019. "Luenberger-type indicators based on the weighted additive distance function," Annals of Operations Research, Springer, vol. 278(1), pages 195-213, July.
    53. Ang, Frederic & Kerstens, Pieter Jan, 2017. "Decomposing the Luenberger–Hicks–Moorsteen Total Factor Productivity indicator: An application to U.S. agriculture," European Journal of Operational Research, Elsevier, vol. 260(1), pages 359-375.
    54. Picazo-Tadeo, Andrés J. & Castillo-Giménez, Juana & Beltrán-Esteve, Mercedes, 2014. "An intertemporal approach to measuring environmental performance with directional distance functions: Greenhouse gas emissions in the European Union," Ecological Economics, Elsevier, vol. 100(C), pages 173-182.
    55. Tziogkidis, Panagiotis & Philippas, Dionisis & Tsionas, Mike G., 2020. "Multidirectional conditional convergence in European banking," Journal of Economic Behavior & Organization, Elsevier, vol. 173(C), pages 88-106.
    56. Hirofumi Fukuyama & Yong Tan, 2021. "Corporate social behaviour: Is it good for efficiency in the Chinese banking industry?," Annals of Operations Research, Springer, vol. 306(1), pages 383-413, November.
    57. Mahlberg, Bernhard & Luptacik, Mikulas & Sahoo, Biresh K., 2011. "Examining the drivers of total factor productivity change with an illustrative example of 14 EU countries," Ecological Economics, Elsevier, vol. 72(C), pages 60-69.
    58. Ang, Frederic & Kerstens, Pieter Jan, 2020. "A superlative indicator for the Luenberger-Hicks-Moorsteen productivity indicator: Theory and application," European Journal of Operational Research, Elsevier, vol. 285(3), pages 1161-1173.
    59. Podinovski, Victor V. & Ismail, Ihsan & Bouzdine-Chameeva, Tatiana & Zhang, Wenjuan, 2014. "Combining the assumptions of variable and constant returns to scale in the efficiency evaluation of secondary schools," European Journal of Operational Research, Elsevier, vol. 239(2), pages 504-513.
    60. Zhiyang Shen & Kristiaan Kerstens & Tomas Baležentis, 2023. "An environmental Luenberger–Hicks–Moorsteen total factor productivity indicator: empirical analysis considering undesirable outputs either as inputs or outputs, and attention for infeasibilities," Post-Print hal-04273656, HAL.
    61. Shoko Haneda & Akihiro Hashimoto & Takao Tsuneyoshi, 2012. "Evaluating Administrative Efficiency Change in the Post-Merger Period," International Regional Science Review, , vol. 35(2), pages 237-262, April.
    62. Lin, Ruiyue & Li, Zongxin, 2020. "Directional distance based diversification super-efficiency DEA models for mutual funds," Omega, Elsevier, vol. 97(C).
    63. Mondelaers, Koen & Kuosmanen, Timo & Van Passel, Steven & Buysse, Jeroen & Lauwers, Ludwig H. & Van Huylenbroeck, Guido, 2011. "Sustainable Efficiency Of Firms When New Sustainability Targets Are Introduced," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114633, European Association of Agricultural Economists.

  58. S.E. Stefanou & K. Kerstens, 2008. "Applied production analysis unveiled in open peer review : introductory remarks," Post-Print hal-00292604, HAL.

    Cited by:

    1. Sansi Yang & C. Richard Shumway, 2014. "Dynamic Adjustment in U.S. Agriculture under Climate Uncertainty," 2014 Papers pya413, Job Market Papers.
    2. Zheng Ma & Yuntao Pan & Zhenglu Yu & Jingting Wang & Jia Jia & Yishan Wu, 2013. "A quantitative study on the effectiveness of peer review for academic journals," Scientometrics, Springer;Akadémiai Kiadó, vol. 95(1), pages 1-13, April.
    3. Sansi Yang & C. Richard Shumway, 2020. "Knowledge accumulation in US agriculture: research and learning by doing," Journal of Productivity Analysis, Springer, vol. 54(2), pages 87-105, December.

  59. E. Grifell-Tatje & K. Kerstens, 2008. "Incentive Regulation and the Role of Convexity in Benchmarking Electricity Distribution: Economists versus Engineers," Post-Print hal-00280784, HAL.

    Cited by:

    1. Kristiaan Kerstens & Ignace van de Woestyne, 2021. "Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless," Post-Print hal-03274911, HAL.
    2. Arnaud Abad & Paola Ravelojaona, 2022. "A generalization of environmental productivity analysis," Post-Print hal-03592375, HAL.
    3. Tomas Balezentis & Kristiaan Kerstens & Zhiyang Shen, 2022. "Economic and Environmental Decomposition of Luenberger-Hicks-Moorsteen Total Factor Productivity Indicator: Empirical Analysis of Chinese Textile Firms With a Focus on Reporting Infeasibilities and Qu," Post-Print hal-03833245, HAL.
    4. An, Qingxian & Tao, Xiangyang & Chen, Xiaohong, 2023. "Nested frontier-based best practice regulation under asymmetric information in a principal–agent framework," European Journal of Operational Research, Elsevier, vol. 306(1), pages 269-285.
    5. Delnava, Haleh & Khosravi, Ali & El Haj Assad, Mamdouh, 2023. "Metafrontier frameworks for estimating solar power efficiency in the United States using stochastic nonparametric envelopment of data (StoNED)," Renewable Energy, Elsevier, vol. 213(C), pages 195-204.
    6. Arnaud Abad & Paola Ravelojaona, 2021. "Pollution‐adjusted productivity analysis : The use of Malmquist and Luenberger productivity measures," Post-Print hal-03025425, HAL.
    7. Thijs Jong & Edwin Woerdman, 2016. "European Energy Regulators," Competition and Regulation in Network Industries, , vol. 17(1), pages 2-31, March.
    8. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "Estimating scale economies in non-convex production models," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(11), pages 1442-1451, November.
    9. Víctor Giménez & Claudio Thieme & Diego Prior & Emili Tortosa-Ausina, 2017. "An international comparison of educational systems: a temporal analysis in presence of bad outputs," Journal of Productivity Analysis, Springer, vol. 47(1), pages 83-101, February.

  60. B. de Borger & K. Kerstens & D. Prior, 2007. "Static efficiency decompositions and capacity utilisation : integrating economic and technical capacity notions," Post-Print hal-00296708, HAL.

    Cited by:

    1. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "A New Input-Oriented Plant Capacity Notion: Definition and Empirical Comparison," Pacific Economic Review, Wiley Blackwell, vol. 22(4), pages 720-739, October.
    2. Kerstens, Kristiaan & Sadeghi, Jafar & Van de Woestyne, Ignace, 2019. "Convex and nonconvex input-oriented technical and economic capacity measures: An empirical comparison," European Journal of Operational Research, Elsevier, vol. 276(2), pages 699-709.
    3. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "Short- and Long-run Plant Capacity Notions: Definitions and Comparison," Working Papers 2017-EQM-04, IESEG School of Management.
    4. Diewert, W. Erwin & Fox, Kevin J., 2016. "A Decomposition of U.S. Business Sector TFP Growth into Technical Progress and Cost Efficiency Components," Microeconomics.ca working papers erwin_diewert-2016-8, Vancouver School of Economics, revised 30 Jun 2016.
    5. Yao-yao Song & Xian-tong Ren & Guo-liang Yang, 2023. "Capacity utilization change over time," Journal of Productivity Analysis, Springer, vol. 59(1), pages 61-78, February.
    6. Dale Squires & Kathleen Segerson, 2022. "Capacity and Capacity Utilization in Production Economics," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 24, pages 1001-1037, Springer.
    7. Xiaoqing Chen & Kristiaan Kerstens, 2022. "Evaluating horizontal mergers in Swedish district courts using plant capacity concepts: with a focus on nonconvexity," Post-Print halshs-03924994, HAL.

  61. K. Kerstens, 2007. "Geometric Representation of the Mean-Variance-Skewness Porfolio Frontier Based upon the Shortage Function," Post-Print hal-00288790, HAL.

    Cited by:

    1. W. Briec & K. Kerstens & I. van de Woestyne, 2013. "Portfolio selection with skewness : a comparison of methods and a generalized one fund result," Post-Print hal-00837674, HAL.
    2. Zhou, Zhongbao & Jin, Qianying & Xiao, Helu & Wu, Qian & Liu, Wenbin, 2018. "Estimation of cardinality constrained portfolio efficiency via segmented DEA," Omega, Elsevier, vol. 76(C), pages 28-37.
    3. K. Saranya & P. Prasanna, 2014. "Portfolio Selection and Optimization with Higher Moments: Evidence from the Indian Stock Market," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 21(2), pages 133-149, May.
    4. Nalpas, Nicolas & Simar, Léopold & Vanhems, Anne, 2016. "Portfolio Selection in a Multi-Input Multi-Output Setting: a Simple Monte-Carlo-FDH Algorithm," TSE Working Papers 16-648, Toulouse School of Economics (TSE).
    5. Chang, Tzu-Pu & Hu, Jin-Li & Chou, Ray Yeutien & Sun, Lei, 2012. "The sources of bank productivity growth in China during 2002–2009: A disaggregation view," Journal of Banking & Finance, Elsevier, vol. 36(7), pages 1997-2006.
    6. Lord Mensah, 2016. "Asset Allocation Brewed Accross African Stock Markets," Proceedings of Economics and Finance Conferences 3205757, International Institute of Social and Economic Sciences.
    7. Jens J. Krüger, 2021. "Nonparametric portfolio efficiency measurement with higher moments," Empirical Economics, Springer, vol. 61(3), pages 1435-1459, September.
    8. Valeria V. Lakshina, 2019. "Do Portfolio Investors Need To Consider The Asymmetry Of Returns On The Russian Stock Market?," HSE Working papers WP BRP 75/FE/2019, National Research University Higher School of Economics.
    9. Krüger, Jens, 2021. "Nonparametric Portfolio Efficiency Measurement with Higher Moments," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 130825, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    10. Adam, Lukáš & Branda, Martin, 2021. "Risk-aversion in data envelopment analysis models with diversification," Omega, Elsevier, vol. 102(C).
    11. Branda, Martin, 2015. "Diversification-consistent data envelopment analysis based on directional-distance measures," Omega, Elsevier, vol. 52(C), pages 65-76.
    12. Harris, Richard D.F. & Stoja, Evarist & Tan, Linzhi, 2017. "The dynamic Black–Litterman approach to asset allocation," European Journal of Operational Research, Elsevier, vol. 259(3), pages 1085-1096.
    13. Lakshina, Valeriya, 2020. "Do portfolio investors need to consider the asymmetry of returns on the Russian stock market?," The Journal of Economic Asymmetries, Elsevier, vol. 21(C).
    14. O. Brandouy & K. Kerstens & I. van de Woestyne, 2010. "Exploring bi-criteria versus multi-dimensional lower partial moment portfolio models," Post-Print halshs-00558022, HAL.
    15. Constantin Zopounidis & Michael Doumpos, 2013. "Multicriteria decision systems for financial problems," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 21(2), pages 241-261, July.
    16. Xiao, Helu & Zhou, Zhongbao & Ren, Teng & Liu, Wenbin, 2022. "Estimation of portfolio efficiency in nonconvex settings: A free disposal hull estimator with non-increasing returns to scale," Omega, Elsevier, vol. 111(C).
    17. Farshad Noravesh & Kristiaan Kerstens, 2022. "Some connections between higher moments portfolio optimization methods," Papers 2201.00205, arXiv.org.
    18. Sahoo, Biresh K. & Luptacik, Mikulas & Mahlberg, Bernhard, 2011. "Alternative measures of environmental technology structure in DEA: An application," European Journal of Operational Research, Elsevier, vol. 215(3), pages 750-762, December.
    19. Olivier Brandouy & Kristiaan Kerstens & Ignace Van De Woestyne, 2015. "Frontier-based vs. traditional mutual fund ratings: A first backtesting analysis," Post-Print hal-01533555, HAL.
    20. Aparicio, Juan & Mahlberg, Bernhard & Pastor, Jesus T. & Sahoo, Biresh K., 2014. "Decomposing technical inefficiency using the principle of least action," European Journal of Operational Research, Elsevier, vol. 239(3), pages 776-785.
    21. Emmanuel Jurczenko & Bertrand Maillet & Paul Merlin, 2008. "Efficient Frontier for Robust Higher-order Moment Portfolio Selection," Post-Print halshs-00336475, HAL.
    22. Briec, Walter & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2011. "Portfolio Selection with Skewness: A Comparison and a Generalized Two Fund Separation Result," Working Papers 2011/09, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    23. Goh, Joel Weiqiang & Lim, Kian Guan & Sim, Melvyn & Zhang, Weina, 2012. "Portfolio value-at-risk optimization for asymmetrically distributed asset returns," European Journal of Operational Research, Elsevier, vol. 221(2), pages 397-406.

  62. W. Briec & K. Kerstens & Octave Jokung-Nguena, 2007. "Mean-variance-skewness portfolio performance gauging: A general shortage function and dual approach," Post-Print hal-00211572, HAL.

    Cited by:

    1. Shangmei Zhao & Qing Lu & Liyan Han & Yong Liu & Fei Hu, 2015. "A mean-CVaR-skewness portfolio optimization model based on asymmetric Laplace distribution," Annals of Operations Research, Springer, vol. 226(1), pages 727-739, March.
    2. Solórzano-Taborga, Pablo & Alonso-Conde, Ana Belén & Rojo-Suárez, Javier, 2018. "Efficiency and Persistence of Spanish Absolute Return Funds || Eficiencia y persistencia de los fondos de retorno absolutos españoles," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 25(1), pages 186-214, Junio.
    3. Brandouy, Olivier & Briec, Walter & Kerstens, Kristiaan, 2008. "Portfolio performance gauging in discrete time using a Luenberger productivity indicator," Working Papers 2008/60, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    4. Zhang, Linjia & Botti, Laurent & Petit, Sylvain, 2016. "Destination performance: Introducing the utility function in the mean-variance space," Tourism Management, Elsevier, vol. 52(C), pages 123-132.
    5. Bouaddi, Mohammed & Taamouti, Abderrahim, 2013. "Portfolio selection in a data-rich environment," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2943-2962.
    6. Monica Billio & Bertrand Maillet & Loriana Pelizzon, 2022. "A meta-measure of performance related to both investors and investments characteristics," Annals of Operations Research, Springer, vol. 313(2), pages 1405-1447, June.
    7. K. Kerstens, 2010. "Non-Parametric Frontier Estimates of Mutual Fund Performance Using C- and L-Moments : Some Specification Tests," Post-Print halshs-00777288, HAL.
    8. Mohammed Bouaddi & Abderrahim Taamouti, 2012. "Portfolio risk management in a data-rich environment," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 26(4), pages 469-494, December.
    9. Mencía, Javier & Sentana, Enrique, 2009. "Multivariate location-scale mixtures of normals and mean-variance-skewness portfolio allocation," Journal of Econometrics, Elsevier, vol. 153(2), pages 105-121, December.
    10. DeMiguel, Victor & Lassance, Nathan & Vrins, Frédéric, 2021. "Optimal Portfolio Diversification via Independent Component Analysis," LIDAM Discussion Papers LFIN 2021014, Université catholique de Louvain, Louvain Finance (LFIN).
    11. Martin Branda, 2016. "Mean-value at risk portfolio efficiency: approaches based on data envelopment analysis models with negative data and their empirical behaviour," 4OR, Springer, vol. 14(1), pages 77-99, March.
    12. W. Briec & K. Kerstens & I. van de Woestyne, 2013. "Portfolio selection with skewness : a comparison of methods and a generalized one fund result," Post-Print hal-00837674, HAL.
    13. Juzhi Zhang & Suresh P. Sethi & Tsan‐Ming Choi & T. C. E. Cheng, 2020. "Supply Chains Involving a Mean‐Variance‐Skewness‐Kurtosis Newsvendor: Analysis and Coordination," Production and Operations Management, Production and Operations Management Society, vol. 29(6), pages 1397-1430, June.
    14. Nalpas, Nicolas & Simar, Léopold & Vanhems, Anne, 2016. "Portfolio Selection in a Multi-Input Multi-Output Setting: a Simple Monte-Carlo-FDH Algorithm," TSE Working Papers 16-648, Toulouse School of Economics (TSE).
    15. Kerstens, Kristiaan & Mounir, Amine & Van de Woestyne, Ignace, 2010. "Benchmarking Mean-Variance Portfolios. Using a Shortage Function: The Choice of Direction Vector," Working Papers 2010/01, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    16. Lassance, Nathan, 2022. "Reconciling mean-variance portfolio theory with non-Gaussian returns," European Journal of Operational Research, Elsevier, vol. 297(2), pages 729-740.
    17. Briec, Walter & Dumas, Audrey & Mekki, Ayman, 2021. "Directional distance functions and social welfare: Some axiomatic and dual properties," Mathematical Social Sciences, Elsevier, vol. 113(C), pages 181-190.
    18. Kristiaan Kerstens & Paolo Mazza & Tiantian Ren & Ignace Van de Woestyne, 2021. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Working Papers 2021-EQM-03, IESEG School of Management.
    19. Andreu, Laura & Serrano, Miguel & Vicente, Luis, 2019. "Efficiency of mutual fund managers: A slacks-based manager efficiency index," European Journal of Operational Research, Elsevier, vol. 273(3), pages 1180-1193.
    20. Massimiliano Caporin & Grégory M. Jannin & Francesco Lisi & Bertrand Maillet, 2014. "A Survey on the Four Families of Performance Measures," Post-Print hal-01243416, HAL.
    21. Juan Carlos Matallín-Sáez & Amparo Soler-Domínguez & Emili Tortosa-Ausina, 2019. "Does active management add value? New evidence from a quantile regression approach," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 70(10), pages 1734-1751, October.
    22. Tarnaud, Albane Christine & Leleu, Hervé, 2018. "Portfolio analysis with DEA: Prior to choosing a model," Omega, Elsevier, vol. 75(C), pages 57-76.
    23. Amparo Soler Domínguez & Juan Carlos Matallín Sáez & Emili Tortosa Ausina, 2011. "On the informativeness of persistence for mutual funds' performance evaluation using partial frontiers," Working Papers. Serie EC 2011-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    24. Tsolas, Ioannis E., 2014. "Precious metal mutual fund performance appraisal using DEA modeling," Resources Policy, Elsevier, vol. 39(C), pages 54-60.
    25. Jens J. Krüger, 2021. "Nonparametric portfolio efficiency measurement with higher moments," Empirical Economics, Springer, vol. 61(3), pages 1435-1459, September.
    26. Valeria V. Lakshina, 2019. "Do Portfolio Investors Need To Consider The Asymmetry Of Returns On The Russian Stock Market?," HSE Working papers WP BRP 75/FE/2019, National Research University Higher School of Economics.
    27. Sebastian Ebert & Daniel Wiesen, 2011. "Testing for Prudence and Skewness Seeking," Management Science, INFORMS, vol. 57(7), pages 1334-1349, July.
    28. Mateane, Lebogang, 2020. "Risk preferences, global market conditions and foreign debt: Is there any role for the currency composition of FX reserves?," EconStor Preprints 227484, ZBW - Leibniz Information Centre for Economics.
    29. Kerstens, Kristiaan & Mounier, Amine & Van de Woestyne, Ignace, 2008. "Geometric representation of the mean-variance-skewness portfolio frontier based upon the shortage function," Working Papers 2008/61, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    30. Lozano, Sebastián & Gutiérrez, Ester, 2008. "Data envelopment analysis of mutual funds based on second-order stochastic dominance," European Journal of Operational Research, Elsevier, vol. 189(1), pages 230-244, August.
    31. Lassance, Nathan & Vrins, Frédéric, 2023. "Portfolio selection: A target-distribution approach," European Journal of Operational Research, Elsevier, vol. 310(1), pages 302-314.
    32. Zhu, Shushang & Zhu, Wei & Pei, Xi & Cui, Xueting, 2020. "Hedging crash risk in optimal portfolio selection," Journal of Banking & Finance, Elsevier, vol. 119(C).
    33. Ebert, Sebastian & Wiesen, Daniel, 2009. "An experimental methodology testing for prudence and third-order preferences," Bonn Econ Discussion Papers 21/2009, University of Bonn, Bonn Graduate School of Economics (BGSE).
    34. Walter Briec & Kristiaan Kerstens, 2009. "Portfolio Selection in Multidimensional General and Partial Moment Space," Working Papers 2009-ECO-08, IESEG School of Management.
    35. Yong-Jun Liu & Wei-Guo Zhang, 2019. "Possibilistic Moment Models for Multi-period Portfolio Selection with Fuzzy Returns," Computational Economics, Springer;Society for Computational Economics, vol. 53(4), pages 1657-1686, April.
    36. Adam, Lukáš & Branda, Martin, 2021. "Risk-aversion in data envelopment analysis models with diversification," Omega, Elsevier, vol. 102(C).
    37. Louis Aimé Fono & Jules Sadefo-Kamdem & Christian Deffo Tassak, 2011. "Kurtosis And Semi-Kurtosis For Portfolio Selection With Fuzzy Returns," Post-Print hal-02938898, HAL.
    38. Jian Yang & Yinggang Zhou & Zijun Wang, 2010. "Conditional Coskewness in Stock and Bond Markets: Time-Series Evidence," Management Science, INFORMS, vol. 56(11), pages 2031-2049, November.
    39. Lassance, Nathan & Vrins, Frédéric, 2021. "Portfolio selection with parsimonious higher comoments estimation," LIDAM Reprints LFIN 2021005, Université catholique de Louvain, Louvain Finance (LFIN).
    40. Louis Aimé Fono & Jules Sadefo-Kamdem & Christian Tassak, 2011. "Moments and Semi-Moments for fuzzy portfolios selection," Working Papers hal-00567012, HAL.
    41. Galagedera, Don U.A. & Fukuyama, Hirofumi & Watson, John & Tan, Eric K.M., 2020. "Do mutual fund managers earn their fees? New measures for performance appraisal," European Journal of Operational Research, Elsevier, vol. 287(2), pages 653-667.
    42. Lassance, Nathan & Vrins, Frédéric, 2019. "Robust portfolio selection using sparse estimation of comoment tensors," LIDAM Discussion Papers LFIN 2019007, Université catholique de Louvain, Louvain Finance (LFIN).
    43. Lakshina, Valeriya, 2020. "Do portfolio investors need to consider the asymmetry of returns on the Russian stock market?," The Journal of Economic Asymmetries, Elsevier, vol. 21(C).
    44. Montshioa, Keitumetse & Muteba Mwamba, John Weirstrass & Bonga-Bonga, Lumengo, 2021. "Asset allocation in extreme market conditions: a comparative analysis between developed and emerging economies," MPRA Paper 106248, University Library of Munich, Germany.
    45. Abdelsalam, Omneya & Duygun, Meryem & Matallín-Sáez, Juan Carlos & Tortosa-Ausina, Emili, 2014. "Do ethics imply persistence? The case of Islamic and socially responsible funds," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 182-194.
    46. O. Brandouy & K. Kerstens & I. van de Woestyne, 2010. "Exploring bi-criteria versus multi-dimensional lower partial moment portfolio models," Post-Print halshs-00558022, HAL.
    47. Constantin Zopounidis & Michael Doumpos, 2013. "Multicriteria decision systems for financial problems," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 21(2), pages 241-261, July.
    48. Gomez-Gonzalez, Jose Eduardo & Hirs-Garzon, Jorge & Uribe, Jorge M., 2020. "Spillovers beyond the variance: exploring the natural gas and oil higher order risk linkages with the global financial markets," Working papers 46, Red Investigadores de Economía.
    49. Mateane, Lebogang, 2023. "Risk preferences, global market conditions and foreign debt: Is there any role for the currency composition of FX reserves?," Research in Economics, Elsevier, vol. 77(3), pages 402-418.
    50. Xiao, Helu & Zhou, Zhongbao & Ren, Teng & Liu, Wenbin, 2022. "Estimation of portfolio efficiency in nonconvex settings: A free disposal hull estimator with non-increasing returns to scale," Omega, Elsevier, vol. 111(C).
    51. Farshad Noravesh & Kristiaan Kerstens, 2022. "Some connections between higher moments portfolio optimization methods," Papers 2201.00205, arXiv.org.
    52. Massol, Olivier & Banal-Estañol, Albert, 2014. "Export diversification through resource-based industrialization: The case of natural gas," European Journal of Operational Research, Elsevier, vol. 237(3), pages 1067-1082.
    53. Briec, Walter & Oms, Laurence & Paget-Blanc, Eric, 2014. "Shortage function and portfolio selection: On some special cases and extensions," Finance Research Letters, Elsevier, vol. 11(3), pages 295-302.
    54. Semeyutin, Artur & Downing, Gareth, 2022. "Co-jumps in the U.S. interest rates and precious metals markets and their implications for investors," International Review of Financial Analysis, Elsevier, vol. 81(C).
    55. Enrique Sentana, 2008. "The Econometrics of Mean-Variance Efficiency Tests: A Survey," Working Papers wp2008_0807, CEMFI.
    56. Kay Giesecke & Baeho Kim & Jack Kim & Gerry Tsoukalas, 2014. "Optimal Credit Swap Portfolios," Management Science, INFORMS, vol. 60(9), pages 2291-2307, September.
    57. Zhu, Min, 2013. "Return distribution predictability and its implications for portfolio selection," International Review of Economics & Finance, Elsevier, vol. 27(C), pages 209-223.
    58. Broeders, Dirk & Chen, An, 2010. "Pension regulation and the market value of pension liabilities: A contingent claims analysis using Parisian options," Journal of Banking & Finance, Elsevier, vol. 34(6), pages 1201-1214, June.
    59. Sílvia Bou Ysàs & Magda Cayón Costa, 2013. "Active Strategies, Randomness and Ability in Investment Fund’s Performance Evaluation: a Behavioral Approach," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 3(2), pages 1-5, April.
    60. Seema REHMAN & Saqib SHARIF & Wali ULLAH, 2021. "Higher Realized Moments and Stock Return Predictability," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 48-70, December.
    61. Paulo M.M. Rodrigues & Gabriel Zsurkis, 2023. "First passage times in portfolio optimization: a novel nonparametric approach," Working Papers w202309, Banco de Portugal, Economics and Research Department.
    62. Tihana Škrinjarić, 2022. "Higher Moments Actually Matter: Spillover Approach for Case of CESEE Stock Markets," Mathematics, MDPI, vol. 10(24), pages 1-34, December.
    63. S Lozano & E Gutiérrez, 2008. "TSD-consistent performance assessment of mutual funds," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 59(10), pages 1352-1362, October.
    64. Marie Briere & Léopold Simar & Ariane Szafarz & Anne Vanhems, 2023. "Sensitivity to measurement errors of the distance to the efficient frontier," Working Papers CEB 23-004, ULB -- Universite Libre de Bruxelles.
    65. Olivier Brandouy & Kristiaan Kerstens & Ignace Van De Woestyne, 2015. "Frontier-based vs. traditional mutual fund ratings: A first backtesting analysis," Post-Print hal-01533555, HAL.
    66. Xiao, Helu & Ren, Tiantian & Zhou, Zhongbao & Liu, Wenbin, 2021. "Parameter uncertainty in estimation of portfolio efficiency: Evidence from an interval diversification-consistent DEA approach," Omega, Elsevier, vol. 103(C).
    67. Sio Chong U & Jacky So & Deng Ding & Lihong Liu, 2016. "An efficient Fourier expansion method for the calculation of value-at-risk: Contributions of extra-ordinary risks," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 3(01), pages 1-27, March.
    68. Gomez-Gonzalez, Jose E. & Hirs-Garzon, Jorge & Uribe, Jorge M., 2022. "Spillovers beyond the variance: Exploring the higher order risk linkages between commodity markets and global financial markets," Journal of Commodity Markets, Elsevier, vol. 28(C).
    69. Kris Boudt & Dries Cornilly & Tim Verdonck, 2019. "Nearest Comoment Estimation With Unobserved Factors," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 19/970, Ghent University, Faculty of Economics and Business Administration.
    70. Bonga-Bonga, Lumengo & Montshioa, Keitumetse, 2024. "Navigating extreme market fluctuations: asset allocation strategies in developed vs. emerging economies," MPRA Paper 119910, University Library of Munich, Germany.
    71. Chen, Hsuan-Chi & Chung, San-Lin & Ho, Keng-Yu, 2011. "The diversification effects of volatility-related assets," Journal of Banking & Finance, Elsevier, vol. 35(5), pages 1179-1189, May.
    72. Panayotis Alexakis & Ioannis Tsolas, 2011. "Appraisal of Mutual Equity Fund Performance Using Data Envelopment Analysis," Multinational Finance Journal, Multinational Finance Journal, vol. 15(3-4), pages 273-296, September.
    73. Benita, Francisco & Nasini, Stefano & Nessah, Rabia, 2022. "A cooperative bargaining framework for decentralized portfolio optimization," Journal of Mathematical Economics, Elsevier, vol. 103(C).
    74. Lin, Ruiyue & Li, Zongxin, 2020. "Directional distance based diversification super-efficiency DEA models for mutual funds," Omega, Elsevier, vol. 97(C).
    75. Emmanuel Jurczenko & Bertrand Maillet & Paul Merlin, 2008. "Efficient Frontier for Robust Higher-order Moment Portfolio Selection," Post-Print halshs-00336475, HAL.
    76. Briec, Walter & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2011. "Portfolio Selection with Skewness: A Comparison and a Generalized Two Fund Separation Result," Working Papers 2011/09, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    77. J. Carlos Matallín-Sáez & Amparo Soler-Domínguez & Emili Tortosa-Ausina, 2013. "Does active management add value? New evidence from a quantile regression," Working Papers 2013/01, Economics Department, Universitat Jaume I, Castellón (Spain).
    78. Zhou, Zhongbao & Xiao, Helu & Jin, Qianying & Liu, Wenbin, 2018. "DEA frontier improvement and portfolio rebalancing: An application of China mutual funds on considering sustainability information disclosure," European Journal of Operational Research, Elsevier, vol. 269(1), pages 111-131.
    79. Sílvia Ysàs & Magda Costa, 2011. "Fishing In Troubled Waters: The Lull Before The Storm," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 1(1), pages 51-65, June.
    80. Adcock, C.J., 2014. "Mean–variance–skewness efficient surfaces, Stein’s lemma and the multivariate extended skew-Student distribution," European Journal of Operational Research, Elsevier, vol. 234(2), pages 392-401.

  63. W. Briec & K. Kerstens, 2007. "Portfolio selection in multidimensional general and partial moment space," Post-Print hal-00296711, HAL.

    Cited by:

    1. K. Kerstens, 2010. "Non-Parametric Frontier Estimates of Mutual Fund Performance Using C- and L-Moments : Some Specification Tests," Post-Print halshs-00777288, HAL.
    2. Lamb, John D. & Tee, Kai-Hong, 2012. "Resampling DEA estimates of investment fund performance," European Journal of Operational Research, Elsevier, vol. 223(3), pages 834-841.
    3. W. Briec & K. Kerstens & I. van de Woestyne, 2013. "Portfolio selection with skewness : a comparison of methods and a generalized one fund result," Post-Print hal-00837674, HAL.
    4. Kerstens, Kristiaan & Mounir, Amine & Van de Woestyne, Ignace, 2010. "Benchmarking Mean-Variance Portfolios. Using a Shortage Function: The Choice of Direction Vector," Working Papers 2010/01, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    5. Kristiaan Kerstens & Paolo Mazza & Tiantian Ren & Ignace Van de Woestyne, 2021. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Working Papers 2021-EQM-03, IESEG School of Management.
    6. Jin, Qianying & Basso, Antonella & Funari, Stefania & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2024. "Evaluating different groups of mutual funds using a metafrontier approach: Ethical vs. non-ethical funds," European Journal of Operational Research, Elsevier, vol. 312(3), pages 1134-1145.
    7. Andreu, Laura & Serrano, Miguel & Vicente, Luis, 2019. "Efficiency of mutual fund managers: A slacks-based manager efficiency index," European Journal of Operational Research, Elsevier, vol. 273(3), pages 1180-1193.
    8. Massimiliano Caporin & Grégory M. Jannin & Francesco Lisi & Bertrand Maillet, 2014. "A Survey on the Four Families of Performance Measures," Post-Print hal-01243416, HAL.
    9. Tarnaud, Albane Christine & Leleu, Hervé, 2018. "Portfolio analysis with DEA: Prior to choosing a model," Omega, Elsevier, vol. 75(C), pages 57-76.
    10. Kerstens, Kristiaan & Van de Woestyne, Ignace, 2009. "Negative Data in DEA: A Simple Proportional Distance Function Approach," Working Papers 2009/04, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    11. Krüger, Jens, 2021. "Nonparametric Portfolio Efficiency Measurement with Higher Moments," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 130825, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    12. Kerstens, Kristiaan & Mounier, Amine & Van de Woestyne, Ignace, 2008. "Geometric representation of the mean-variance-skewness portfolio frontier based upon the shortage function," Working Papers 2008/61, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    13. Chen, J.J. & Wu, Q.H. & Zhang, L.L. & Wu, P.Z., 2017. "Multi-objective mean–variance–skewness model for nonconvex and stochastic optimal power flow considering wind power and load uncertainties," European Journal of Operational Research, Elsevier, vol. 263(2), pages 719-732.
    14. Xiaochun Meng & James W. Taylor & Souhaib Ben Taieb & Siran Li, 2020. "Scores for Multivariate Distributions and Level Sets," Papers 2002.09578, arXiv.org, revised Jun 2023.
    15. Massimiliano Kaucic & Roberto Daris, 2015. "Multi-Objective Stochastic Optimization Programs for a Non-Life Insurance Company under Solvency Constraints," Risks, MDPI, vol. 3(3), pages 1-30, September.
    16. Constantin Zopounidis & Michael Doumpos, 2013. "Multicriteria decision systems for financial problems," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 21(2), pages 241-261, July.
    17. Gomez-Gonzalez, Jose Eduardo & Hirs-Garzon, Jorge & Uribe, Jorge M., 2020. "Spillovers beyond the variance: exploring the natural gas and oil higher order risk linkages with the global financial markets," Working papers 46, Red Investigadores de Economía.
    18. Gan, Quan, 2014. "Location-scale portfolio selection with factor-recentered skew normal asset returns," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 176-187.
    19. Lamb, John D. & Tee, Kai-Hong, 2012. "Data envelopment analysis models of investment funds," European Journal of Operational Research, Elsevier, vol. 216(3), pages 687-696.
    20. Massol, Olivier & Banal-Estañol, Albert, 2014. "Export diversification through resource-based industrialization: The case of natural gas," European Journal of Operational Research, Elsevier, vol. 237(3), pages 1067-1082.
    21. Babalos, Vassilios & Mamatzakis, Emmanuel C. & Matousek, Roman, 2015. "The performance of US equity mutual funds," Journal of Banking & Finance, Elsevier, vol. 52(C), pages 217-229.
    22. Olivier Brandouy & Kristiaan Kerstens & Ignace Van De Woestyne, 2015. "Frontier-based vs. traditional mutual fund ratings: A first backtesting analysis," Post-Print hal-01533555, HAL.
    23. Gomez-Gonzalez, Jose E. & Hirs-Garzon, Jorge & Uribe, Jorge M., 2022. "Spillovers beyond the variance: Exploring the higher order risk linkages between commodity markets and global financial markets," Journal of Commodity Markets, Elsevier, vol. 28(C).
    24. Emmanuel Jurczenko & Bertrand Maillet & Paul Merlin, 2008. "Efficient Frontier for Robust Higher-order Moment Portfolio Selection," Post-Print halshs-00336475, HAL.
    25. Briec, Walter & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2011. "Portfolio Selection with Skewness: A Comparison and a Generalized Two Fund Separation Result," Working Papers 2011/09, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.

  64. K. Kerstens & N. Vestergaard & D. Squires, 2006. "A Short-Run Johansen Industry Model for Common-Pool Resources: Planning a Fishery's Industrial Capacity to Curb Overfishing," Post-Print hal-00211192, HAL.

    Cited by:

    1. Kerstens, Kristiaan & Bouye, Ahmed Moulaye Hachem & Van de Woestyne, Ignace & Vestergaard, Niels, 2008. "Optimal capacity utilization and reallocation in a German bank branch network: Exploring some strategic scenarios," Working Papers 2008/59, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    2. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "A New Input-Oriented Plant Capacity Notion: Definition and Empirical Comparison," Pacific Economic Review, Wiley Blackwell, vol. 22(4), pages 720-739, October.
    3. Michiyuki Yagi & Shunsuke Managi, 2011. "Catch limits, capacity utilization and cost reduction in Japanese fishery management," Agricultural Economics, International Association of Agricultural Economists, vol. 42(5), pages 577-592, September.
    4. Zhuo-wan Liu & Tomas Balezentis & Yao-yao Song & Guo-liang Yang, 2019. "Estimating Capacity Utilization of Chinese State Farms," Sustainability, MDPI, vol. 11(18), pages 1-29, September.
    5. S Lozano & G Villa, 2010. "DEA-based pre-merger planning tool," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(10), pages 1485-1497, October.
    6. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & John WALDEN, 2020. "Short-Run Johansen Frontier-Based Industry Models: Methodological Refinements and Empirical Illustration on Fisheries," Working Papers 2020-EQM-01, IESEG School of Management.
    7. Färe, Rolf & Karagiannis, Giannis, 2017. "The denominator rule for share-weighting aggregation," European Journal of Operational Research, Elsevier, vol. 260(3), pages 1175-1180.
    8. Yao-yao Song & Xian-tong Ren & Guo-liang Yang, 2023. "Capacity utilization change over time," Journal of Productivity Analysis, Springer, vol. 59(1), pages 61-78, February.
    9. Kjærsgaard, Jens, 2010. "Quest for appropriate overcapacity in the fisheries industry," Socio-Economic Planning Sciences, Elsevier, vol. 44(3), pages 141-150, September.
    10. Dale Squires & Kathleen Segerson, 2022. "Capacity and Capacity Utilization in Production Economics," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 24, pages 1001-1037, Springer.
    11. Ray, Subhash C., 2015. "Nonparametric measures of scale economies and capacity utilization: An application to U.S. manufacturing," European Journal of Operational Research, Elsevier, vol. 245(2), pages 602-611.

  65. B. de Borger & K. Kerstens, 2006. "The performance of bus-transit operators," Post-Print hal-00185456, HAL.

    Cited by:

    1. Bruno DE BORGER & Stefan PROOST, 2014. "The political economy of public transport pricing and supply decisions," Working Papers of Department of Economics, Leuven ces14.18, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    2. Karlaftis, Matthew G. & Tsamboulas, Dimitrios, 2012. "Efficiency measurement in public transport: Are findings specification sensitive?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(2), pages 392-402.
    3. Philippe Gagnepain & Marc Ivaldi & Catherine Muller-Vibes, 2011. "The Industrial Organization of Competition in Local Bus Services," Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 32, Edward Elgar Publishing.
    4. Estache, Antonio & Gomez-Lobo, Andres, 2004. "The limits to competition in urban bus services in developing countries," Policy Research Working Paper Series 3207, The World Bank.
    5. van Goeverden, Cees & Rietveld, Piet & Koelemeijer, Jorine & Peeters, Paul, 2006. "Subsidies in public transport," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 32, pages 5-25.
    6. B. de Borger & K. Kerstens & M. Staat, 2008. "Transit Costs and Cost Efficiency: Bootstrapping Non-Parametric Frontiers," Post-Print hal-00384167, HAL.
    7. Daniel Albalate & Germà Bel & Joan Calzada, 2010. "Urban transport governance reform in Barcelona," IREA Working Papers 201009, University of Barcelona, Research Institute of Applied Economics, revised Jun 2010.
    8. Leonardo J. Basso & Sergio R. Jara-Díaz & William G. Waters, 2011. "Cost Functions for Transport Firms," Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 12, Edward Elgar Publishing.
    9. Laurent Cavaignac & Romain Petiot, 2016. "A Quarter Century of Data Envelopment Analysis Applied to the Transport Sector: A Bibliometric Analysis," Post-Print hal-02395215, HAL.
    10. Nieswand, Maria & Walter, Matthias, 2013. "Cost Efficiency and Subsidization in German Local Public Bus Transit," CEPR Discussion Papers 9346, C.E.P.R. Discussion Papers.
    11. Filippini, M. & Koller, M. & Masiero, G., 2015. "Competitive tendering versus performance-based negotiation in Swiss public transport," Transportation Research Part A: Policy and Practice, Elsevier, vol. 82(C), pages 158-168.
    12. Kenneth A. Small, 2007. "Urban Transportation Policy: A Guide and Road Map," Working Papers 060724, University of California-Irvine, Department of Economics.
    13. Cavaignac, Laurent & Petiot, Romain, 2017. "A quarter century of Data Envelopment Analysis applied to the transport sector: A bibliometric analysis," Socio-Economic Planning Sciences, Elsevier, vol. 57(C), pages 84-96.
    14. Kwang Kim & Seung-hoon Cheon & Sam-jin Lim, 2011. "Performance assessment of bus transport reform in Seoul," Transportation, Springer, vol. 38(5), pages 719-735, September.
    15. Sakai, Hiroki & Takahashi, Yoshinori, 2013. "Ten years after bus deregulation in Japan: An analysis of institutional changes and cost efficiency," Research in Transportation Economics, Elsevier, vol. 39(1), pages 215-225.
    16. Dag Dalen & Andres Gómez-Lobo, 2003. "Yardsticks on the road: Regulatory contracts and cost efficiency in the Norwegian bus industry," Transportation, Springer, vol. 30(4), pages 371-386, November.
    17. Massimo Filippini & Paola Prioni, 2003. "The influence of ownership on the cost of bus service provision in Switzerland - an empirical illustration," Applied Economics, Taylor & Francis Journals, vol. 35(6), pages 683-690.
    18. Michaelides, Panayotis G. & Belegri-Roboli, Athena & Marinos, Theocharis & Kavouridis, Kostas, 2009. "Are Trolley Buses in Athens and Piraeus technically efficient?," MPRA Paper 74463, University Library of Munich, Germany.
    19. Yu, Ming-Miin & Chen, Li-Hsueh & Hsiao, Bo, 2016. "Dynamic performance assessment of bus transit with the multi-activity network structure," Omega, Elsevier, vol. 60(C), pages 15-25.

  66. R. Chumpitaz & K. Kerstens & N. Paparoidamis & M. Staat, 2006. "Hedonic price function estimation in economic and marketing," Post-Print hal-00256252, HAL.

    Cited by:

    1. K. Kerstens, 2010. "Non-Parametric Frontier Estimates of Mutual Fund Performance Using C- and L-Moments : Some Specification Tests," Post-Print halshs-00777288, HAL.

  67. W. Briec & K. Kerstens & P. Vanden Eeckaut, 2006. "Non-convex Technologies and Cost Functions: Definitions, Duality and Nonparametric Tests of Convexity," Post-Print hal-00211174, HAL.

    Cited by:

    1. Kristiaan Kerstens & Jafar Sadeghi & Mehdi Toloo & Ignace van de Woestyne, 2022. "Procedures for ranking technical and cost efficient units: With a focus on nonconvexity," Post-Print hal-03595989, HAL.
    2. Färe, Rolf & Zelenyuk, Valentin, 2020. "Profit efficiency: Generalization, business accounting and the role of convexity," Economics Letters, Elsevier, vol. 196(C).
    3. Kristiaan Kerstens & Ignace Van de Woestyne, 2018. "Enumeration algorithms for FDH directional distance functions under different returns to scale assumptions," Annals of Operations Research, Springer, vol. 271(2), pages 1067-1078, December.
    4. Walter Briec & Kristiaan Kerstens, 2006. "Input, output and graph technical efficiency measures on non-convex FDH models with various scaling laws: An integrated approach based upon implicit enumeration algorithms," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 14(1), pages 135-166, June.
    5. Massimiliano Caporin & Michele Costola & Gregory Mathieu Jannin & Bertrand Maillet, 2016. "On the (Ab)Use of Omega?," Working Papers hal-01697640, HAL.
    6. Rolf Färe & Giannis Karagiannis, 2023. "Translation efficiency and directionally optimal scale," Journal of Economics, Springer, vol. 140(3), pages 259-273, December.
    7. Kristiaan Kerstens & Ignace van de Woestyne, 2021. "Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless," Post-Print hal-03274911, HAL.
    8. K. Kerstens & I. van de Woestyne, 2014. "Comparing Malmquist and Hicks-Moorsteen productivity indices : exploring the impact of unbalanced vs. balanced panel data," Post-Print hal-00907943, HAL.
    9. Mehdiloozad, Mahmood & Podinovski, Victor V., 2018. "Nonparametric production technologies with weakly disposable inputs," European Journal of Operational Research, Elsevier, vol. 266(1), pages 247-258.
    10. Boussemart, Jean-Philippe & Briec, Walter & Peypoch, Nicolas & Tavéra, Christophe, 2009. "[alpha]-Returns to scale and multi-output production technologies," European Journal of Operational Research, Elsevier, vol. 197(1), pages 332-339, August.
    11. J. Vakili & R. Sadighi Dizaji, 2021. "The closest strong efficient targets in the FDH technology: an enumeration method," Journal of Productivity Analysis, Springer, vol. 55(2), pages 91-105, April.
    12. Emili Tortosa Ausina & Diego Prior & María Teresa Balaguer-Coll, 2006. "Decentralization And Effiency In Spanish Local Goverment," Working Papers. Serie EC 2006-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    13. Cinzia Daraio & Leopold Simar, 2005. "Conditional Nonparametric Frontier Models for Convex and Non Convex Technologies: a Unifying Approach," LEM Papers Series 2005/12, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    14. Lambini, Cosmas Kombat & Nguyen, Trung Thanh & Abildtrup, Jens & Pham, Van Dien & Tenhunen, John & Garcia, Serge, 2018. "Are Ecosystem Services Complementary or Competitive? An Econometric Analysis of Cost Functions of Private Forests in Vietnam," Ecological Economics, Elsevier, vol. 147(C), pages 343-352.
    15. Podinovski, V. V., 2005. "Selective convexity in DEA models," European Journal of Operational Research, Elsevier, vol. 161(2), pages 552-563, March.
    16. Kristiaan Kerstens & Paolo Mazza & Tiantian Ren & Ignace Van de Woestyne, 2021. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Working Papers 2021-EQM-03, IESEG School of Management.
    17. H. Leleu, 2006. "A linear programming framework for free disposal hull technologies and cost functions: primal and dual models," Post-Print hal-00204497, HAL.
    18. H Leleu, 2009. "Mixing DEA and FDH models together," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(12), pages 1730-1737, December.
    19. Xiaoqing Chen & Kristiaan Kerstens & Mike Tsionas, 2023. "Does Productivity Change at All in Swedish District Courts? Empirical Analysis Focusing on Horizontal Mergers," Working Papers 2023-EQM-03, IESEG School of Management.
    20. B. de Borger & K. Kerstens & D. Prior & I. van de Woestyne, 2012. "Static efficiency decompositions and capacity utilization: integrating economic and technical capacity notions," Post-Print hal-00677646, HAL.
    21. Gijs Van de Wetering & Willem H. Woertman & Eddy M. M. Adang, 2012. "A model to correct for short‐run inefficiencies in economic evaluations in healthcare," Health Economics, John Wiley & Sons, Ltd., vol. 21(3), pages 270-281, March.
    22. Walter Briec & Kristiaan Kerstens & Ignace Van de Woestyne, 2016. "Congestion in production correspondences," Journal of Economics, Springer, vol. 119(1), pages 65-90, September.
    23. Capasso Salvatore & Maria Kaisari & Konstantinos Kounetas & Elias Lainas, 2023. "School productive performance and technology gaps: new evidence from PISA 2018," CSEF Working Papers 696, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    24. E. Grifell-Tatje & K. Kerstens, 2008. "Incentive Regulation and the Role of Convexity in Benchmarking Electricity Distribution: Economists versus Engineers," Post-Print hal-00280784, HAL.
    25. Kerstens, Kristiaan & Sadeghi, Jafar & Van de Woestyne, Ignace, 2019. "Convex and nonconvex input-oriented technical and economic capacity measures: An empirical comparison," European Journal of Operational Research, Elsevier, vol. 276(2), pages 699-709.
    26. Jean-Philippe Boussemart & Walter Briec & Raluca Parvulescu & Paola Ravelojaona, 2022. "$\Lambda$-Returns to Scale and Individual Minimum Extrapolation Principle," Papers 2212.04724, arXiv.org, revised Dec 2023.
    27. Monge, Juan F. & Ruiz, José L., 2023. "Setting closer targets based on non-dominated convex combinations of Pareto-efficient units: A bi-level linear programming approach in Data Envelopment Analysis," European Journal of Operational Research, Elsevier, vol. 311(3), pages 1084-1096.
    28. Marques, Rui Cunha & De Witte, Kristof, 2011. "Is big better? On scale and scope economies in the Portuguese water sector," Economic Modelling, Elsevier, vol. 28(3), pages 1009-1016, May.
    29. Podinovski, Victor V. & Kuosmanen, Timo, 2011. "Modelling weak disposability in data envelopment analysis under relaxed convexity assumptions," European Journal of Operational Research, Elsevier, vol. 211(3), pages 577-585, June.
    30. Cesaroni, Giovanni & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2017. "Global and local scale characteristics in convex and nonconvex nonparametric technologies: A first empirical exploration," European Journal of Operational Research, Elsevier, vol. 259(2), pages 576-586.
    31. Kristiaan Kerstens & Christopher O’donnell & Ignace van de Woestyne, 2019. "Metatechnology frontier and convexity: A restatement," Post-Print hal-02108502, HAL.
    32. Tavakoli, Ibrahim M. & Mostafaee, Amin, 2019. "Free disposal hull efficiency scores of units with network structures," European Journal of Operational Research, Elsevier, vol. 277(3), pages 1027-1036.
    33. Arfa Chokri & Hervé Leleu & Ben Romdhane Habiba, 2008. "Directional distance function for FDH technologies with an application to Tunisian public hospitals," Working Papers 2008-ECO-03, IESEG School of Management.
    34. Michael L. Polemis & Thanasis Stengos & Nickolaos G. Tzeremes, 2020. "Modeling the effect of competition on US manufacturing sectors’ efficiency: an order-m frontier analysis," Journal of Productivity Analysis, Springer, vol. 54(1), pages 27-41, August.
    35. Xiaoqing Chen & Xinwang Liu, 2023. "Comparing Malmquist and Hicks–Moorsteen productivity changes in China’s high-tech industries: exploring convexity implications," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 31(4), pages 1209-1237, December.
    36. Kristof Witte & Rui Marques, 2011. "Big and beautiful? On non-parametrically measuring scale economies in non-convex technologies," Journal of Productivity Analysis, Springer, vol. 35(3), pages 213-226, June.
    37. Emili Tortosa Ausina & Diego Prior & María Teresa Balaguer-Coll, 2004. "On The Determinants Of Local Government Performance: A Two-Stage Nonparametric Approach," Working Papers. Serie EC 2004-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    38. Tsionas, Mike G., 2023. "Clustering and meta-envelopment in data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 304(2), pages 763-778.
    39. Chavas, Jean-Paul & Kim, Kwansoo, 2013. "Nonparametric Analysis of Technology and Productivity under Non-Convexity," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149684, Agricultural and Applied Economics Association.
    40. Abad, Arnaud & Briec, Walter, 2019. "On the axiomatic of pollution-generating technologies: Non-parametric production analysis," European Journal of Operational Research, Elsevier, vol. 277(1), pages 377-390.
    41. Vrankić Ilko & Krpan Mira, 2016. "Pseudoproduction, Pseudocost and Profit Functions in Monopoly from the Dual Perspective," Business Systems Research, Sciendo, vol. 7(2), pages 49-64, September.
    42. Xiaoqing Chen & Kristiaan Kerstens & Qingyuan Zhu, 2021. "Exploring Horizontal Mergers in Swedish District Courts Using Convex and Nonconvex Technologies: Usefulness of a Conservative Approach," Working Papers 2021-EQM-05, IESEG School of Management.
    43. David J Mayston, 2017. "Convexity, quality and efficiency in education," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(4), pages 446-455, April.
    44. Sahoo, Biresh K. & Tone, Kaoru, 2013. "Non-parametric measurement of economies of scale and scope in non-competitive environment with price uncertainty," Omega, Elsevier, vol. 41(1), pages 97-111.
    45. Eder, Andreas, 2017. "Cost efficiency and economies of diversification of biogas-fuelled cogeneration plants in Austria: a nonparametric approach," MPRA Paper 80369, University Library of Munich, Germany.
    46. Jean-Paul Chavas & Kwansoo Kim, 2015. "Nonparametric analysis of technology and productivity under non-convexity: a neighborhood-based approach," Journal of Productivity Analysis, Springer, vol. 43(1), pages 59-74, February.
    47. Arnaud Abad & Paola Ravelojaona, 2021. "Pollution‐adjusted productivity analysis : The use of Malmquist and Luenberger productivity measures," Post-Print hal-03025425, HAL.
    48. Dale Squires & Kathleen Segerson, 2022. "Capacity and Capacity Utilization in Production Economics," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 24, pages 1001-1037, Springer.
    49. Colin Glass, J. & McCallion, Gillian & McKillop, Donal G. & Rasaratnam, Syamarlah & Stringer, Karl S., 2006. "Implications of variant efficiency measures for policy evaluations in UK higher education," Socio-Economic Planning Sciences, Elsevier, vol. 40(2), pages 119-142, June.
    50. Mª Pilar García-Alcober & Emili Tortosa-Ausina & Diego Prior & Manuel Illueca, 2014. "Cost and revenue efficiency in Spanish banking: What distributions show," Working Papers 2014/12, Economics Department, Universitat Jaume I, Castellón (Spain).
    51. Brandon Pope & Andrew Johnson, 2013. "Returns to scope: a metric for production synergies demonstrated for hospital production," Journal of Productivity Analysis, Springer, vol. 40(2), pages 239-250, October.
    52. Fukuyama, Hirofumi & Shiraz, Rashed Khanjani, 2015. "Cost-effectiveness measures on convex and nonconvex technologies," European Journal of Operational Research, Elsevier, vol. 246(1), pages 307-319.
    53. Cesaroni, Giovanni & Giovannola, Daniele, 2015. "Average-cost efficiency and optimal scale sizes in non-parametric analysis," European Journal of Operational Research, Elsevier, vol. 242(1), pages 121-133.
    54. Sergio Destefanis & Vania Sena, 2005. "Public capital and total factor productivity: New evidence from the Italian regions, 1970-98," Regional Studies, Taylor & Francis Journals, vol. 39(5), pages 603-617.
    55. Soleimani-damaneh, M. & Jahanshahloo, G.R. & Reshadi, M., 2006. "On the estimation of returns-to-scale in FDH models," European Journal of Operational Research, Elsevier, vol. 174(2), pages 1055-1059, October.
    56. Soleimani-damaneh, Majid & Mostafaee, Amin, 2015. "Identification of the anchor points in FDH models," European Journal of Operational Research, Elsevier, vol. 246(3), pages 936-943.
    57. Barnabé Walheer, 2020. "Output, input, and undesirable output interconnections in data envelopment analysis: convexity and returns-to-scale," Annals of Operations Research, Springer, vol. 284(1), pages 447-467, January.
    58. Adang, Eddy M.M. & Wensing, Michel, 2008. "Economic barriers to implementation of innovations in health care: Is the long run-short run efficiency discrepancy a paradox?," Health Policy, Elsevier, vol. 88(2-3), pages 236-242, December.
    59. Giovanni Dosi & Marco Grazzi, 2006. "Technologies as problem-solving procedures and technologies as input--output relations: some perspectives on the theory of production," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 15(1), pages 173-202, February.
    60. Valero-Carreras, Daniel & Aparicio, Juan & Guerrero, Nadia M., 2021. "Support vector frontiers: A new approach for estimating production functions through support vector machines," Omega, Elsevier, vol. 104(C).
    61. Eder, Andreas, 2018. "Measuring and decomposing economies of diversification: An application to biogas-fuelled cogeneration plants in Austria," International Journal of Production Economics, Elsevier, vol. 204(C), pages 421-432.
    62. Frederic Ang & Simon M. Mortimer & Francisco J. Areal & Richard Tiffin, 2018. "On the Opportunity Cost of Crop Diversification," Journal of Agricultural Economics, Wiley Blackwell, vol. 69(3), pages 794-814, September.

  68. W. Briec & C. Comes & K. Kerstens, 2006. "Temporal technical and profit efficiency measurement: Definitions, duality and aggregation results," Post-Print hal-00211164, HAL.

    Cited by:

    1. K. Kerstens, 2006. "Multi-Horizon Markowitz Porfolio Performance Appraisals : A General approach," Post-Print hal-00288784, HAL.
    2. Corinne Autant-Bernard & Nadine Massard & Jean-Pascal Guironnet, 2011. "Agglomeration and social return to R&D: Evidence from French plant productivity changes," Post-Print halshs-00617707, HAL.
    3. Kristiaan Kerstens & Paolo Mazza & Tiantian Ren & Ignace Van de Woestyne, 2021. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Working Papers 2021-EQM-03, IESEG School of Management.
    4. Emile Blaise Siewe Pougoue & Ibrahim Manu & Innocent Adédédji Labiyi & Thiburce Bokossa, 2019. "Efficacité technique des exploitations avicoles productrices d’œufs au sud du Bénin," Post-Print halshs-01516234, HAL.
    5. H. Leleu & W. Briec, 2009. "A DEA Estimation of a Lower Bound for Firms' Allocative Efficiency Without Information on Price Data," Post-Print halshs-00476537, HAL.
    6. Mahlberg, Bernhard & Sahoo, Biresh K., 2011. "Radial and non-radial decompositions of Luenberger productivity indicator with an illustrative application," International Journal of Production Economics, Elsevier, vol. 131(2), pages 721-726, June.
    7. Fu-bao Zhou & Xin-xin Wang & Ying-ke Liu, 2014. "Gas drainage efficiency: an input–output model for evaluating gas drainage projects," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 74(2), pages 989-1005, November.

  69. S. Blancard & J.Ph. Boussemart & W. Briec & K. Kerstens, 2006. "Short- and Long-Run Credit Constraints in French Agriculture: A Directional Distance Function Framework Using Expenditure-Constrained Profit Functions," Post-Print hal-00211159, HAL.

    Cited by:

    1. Ferrando, Annalisa & Mulier, Klaas & Verschelde, Marijn & Cherchye, Laurens & De Rock, Bram, 2020. "Identifying financial constraints," Working Paper Series 2420, European Central Bank.
    2. Jerzy Michalek & Pavel Ciaian & D'Artis Kancs, 2016. "Investment Crowding Out: Firm-Level Evidence from Northern Germany," Regional Studies, Taylor & Francis Journals, vol. 50(9), pages 1579-1594, September.
    3. Arabi, Behrouz & Munisamy, Susila & Emrouznejad, Ali, 2015. "A new slacks-based measure of Malmquist–Luenberger index in the presence of undesirable outputs," Omega, Elsevier, vol. 51(C), pages 29-37.
    4. Pavel Ciaian & d’Artis Kancs, 2011. "The Impact Of Food Price Shock On Heterogeneous Credit Constrained Firms," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 82(2), pages 115-137, June.
    5. Geraldo Souza & Eliane Gonçalves Gomes & Eliseu Roberto Alves, 2022. "Two-part fractional regression model with conditional FDH responses: an application to Brazilian agriculture," Annals of Operations Research, Springer, vol. 314(2), pages 393-409, July.
    6. Ciaian, Pavel & Pokrivcak, Jan, 2011. "Do agricultural subsidies crowd out or stimulate rural credit institutions? The Case of CAP Payments," Factor Markets Working Papers 100, Centre for European Policy Studies.
    7. J.Ph. Boussemart & K. Kerstens & S. Blancard & W. Briec, 2007. "Technology Adoption in French Agriculture and the role of Financial Constraints," Post-Print hal-00287974, HAL.
    8. Ciaian, Pavel & Kancs, d'Artis & Swinnen, Johan F.M., 2012. "European Union Land Markets and the Common Agricultural Policy," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126683, International Association of Agricultural Economists.
    9. Seven, Unal & Tumen, Semih, 2020. "Agricultural Credits and Agricultural Productivity: Cross-Country Evidence," IZA Discussion Papers 12930, Institute of Labor Economics (IZA).
    10. Briec, Walter & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2010. "Tangency capacity notions based upon the profit and cost functions: A non-parametric approach and a general comparison," Economic Modelling, Elsevier, vol. 27(5), pages 1156-1166, September.
    11. Pavel Ciaian & Jan Fałkowski & D’Artis Kancs, 2012. "Productivity and credit constraints: A firm-level propensity score evidence for agricultural farms in central and east European countries," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 62(4), pages 459-487, December.
    12. Mohammad Abdul Malek & Nusrat Abedin Jimi & Subal Kumbhakar & Plamen Nikolov, 2019. "The Effects of Access to Credit on Productivity: Separating Technological Changes from Changes in Technical Efficiency," Natural Field Experiments 00709, The Field Experiments Website.
    13. Ciaian, Pavel & Pokrivcak, Jan and Katarina Szegenyova, 2012. "Do agricultural subsidies crowd out or stimulate rural credit market institutions? The case of EU Common Agricultural Policy," European Integration online Papers (EIoP), European Community Studies Association Austria (ECSA-A), vol. 16, November.
    14. Ciaian, Pavel & Ratinger, Tomáš, 2009. "Income Distribution Effects of EU Rural Development Policies: The Case of Farm Investment Support," Conference papers 331905, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    15. Petar, Munćan & Saša, Todorović & Mihajlo, Munćan, 2014. "Profitability Of Family Farms Directed At Crop Production," Economics of Agriculture, Institute of Agricultural Economics, vol. 61(3), pages 1-11, October.
    16. Maria Garrone & Dorien Emmers & Alessandro Olper & Johan Swinnen, 2018. "Subsidies and Agricultural Productivity: CAP payments and labour productivity (convergence) in EU agriculture," LICOS Discussion Papers 40918, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
    17. Rizov, Marian & Pokrivcak, Ján & Ciaian, Pavel, 2013. "CAP Subsidies and Productivity of EU Farms," 2013: Productivity and Its Impacts on Global Trade, June 2-4, 2013. Seville, Spain 152259, International Agricultural Trade Research Consortium.
    18. Ciaian, Pavel & Falkowski, Jan & Kancs, d'Artis & Pokrivcak, Jan, 2011. "Productivity and Credit Constraints Firm-Level Evidence from Propensity Score Matching," Working papers 117484, Factor Markets, Centre for European Policy Studies.
    19. Rødseth, Kenneth Løvold, 2013. "Capturing the least costly way of reducing pollution: A shadow price approach," Ecological Economics, Elsevier, vol. 92(C), pages 16-24.
    20. Garrone, M. & Olper, A. & Emmers, D. & Swinnen, J., 2018. "Jobs and Agricultural Policy : Impact of the Common Agricultural Policy on EU Agricultural Employment," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277489, International Association of Agricultural Economists.
    21. Laurens Cherchye & Timo Kuosmanen & Hervé Leleu, 2010. "Technical and Economic Efficiency Measures under Short Run Profit Maximizing Behavior," Discussion Papers (REL - Recherches Economiques de Louvain) 2010022, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    22. Stéphane Blancard, 2006. "Financial Exposure and Productive Performance in French Arable Farms," Economics Bulletin, AccessEcon, vol. 4(15), pages 1-9.
    23. Ciaian, Pavel, & Kancs, d’Artis & Swinnen, Jo & Van Herck, Kristine & Vranken, Liesbet, 2012. "Institutional Factors Affecting Agricultural Land Markets," Factor Markets Working Papers 118, Centre for European Policy Studies.
    24. Alessandro Manello & Gianmaria Martini & Davide Scotti, 2012. "The influence of LCC, Fleet mix and Ownership on airports' environmental effi ciency: evidence from Italy," Working Papers 1207, Department of Management, Information and Production Engineering, University of Bergamo.
    25. Calzadilla, Alvaro & Zhu, Tingju & Rehdanz, Katrin & Tol, Richard S.J. & Ringler, Claudia, 2009. "Economy-Wide Impacts of Climate Change on Agriculture in Sub-Saharan Africa," Conference papers 331907, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    26. Shaik, Saleem, 2015. "Impact of liquidity risk on variations in efficiency and productivity: A panel gamma simulated maximum likelihood estimation," European Journal of Operational Research, Elsevier, vol. 245(2), pages 463-469.
    27. Jana LOSOSOVÁ & Radek ZDENĚK & Jaroslav SVOBODA, 2020. "Tangible fixed assets in Czech small and middle-sized farms Abstract: The aim of this paper is to analyse the development, structure and efficiency of tangible fixed assets in the Czech farms and iden," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 11, pages 236-251, June.
    28. Ty Kreitman & Todd Kuethe & David B. Oppedahl & Francisco Scott, 2022. "The Supply and Demand of Agricultural Loans," Research Working Paper RWP 22-06, Federal Reserve Bank of Kansas City.
    29. Ioannis Skevas & Alfons Oude Lansink, 2020. "Dynamic Inefficiency and Spatial Spillovers in Dutch Dairy Farming," Journal of Agricultural Economics, Wiley Blackwell, vol. 71(3), pages 742-759, September.
    30. Pavel Ciaian & d'Artis Kancs & Jo Swinnen, 2008. "Static and Dynamic Distributional Effects of Decoupled Payments," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 51(2), pages 20-47.
    31. Jin, Man & Zhao, Shunan & Kumbhakar, Subal C., 2019. "Financial constraints and firm productivity: Evidence from Chinese manufacturing," European Journal of Operational Research, Elsevier, vol. 275(3), pages 1139-1156.
    32. Odu, O.O. & Okoruwa, V.O., 2013. "Effect of Credit Constraint on Profit of Small Scale Rice-Based Farmers in Niger State, Northwestern Nigeria," 2013 Fourth International Conference, September 22-25, 2013, Hammamet, Tunisia 161649, African Association of Agricultural Economists (AAAE).
    33. Falavigna, Greta & Manello, Alessandro & Pavone, Sara, 2013. "Environmental efficiency, productivity and public funds: The case of the Italian agricultural industry," Agricultural Systems, Elsevier, vol. 121(C), pages 73-80.
    34. Pietola, Kyösti & Myyrä, Sami & Heikkilä, Anna-Maija, 2011. "The Penetration of Financial Instability in Agricultural Credit and Leveraging," Factor Markets Working Papers 97, Centre for European Policy Studies.
    35. Pokrivčák, Ján & Tóth, Marián, 2022. "Financing Gap of Agro-food Firms and the Role of Policies," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 14(3), September.
    36. Nusrat Abedin Jimi & Plamen Nikolov & Mohammad Abdul Malek & Subal Kumbhakar, 2020. "The Effects of Access to Credit on Productivity Among Microenterprises: Separating Technological Changes from Changes in Technical Efficiency," Papers 2006.03650, arXiv.org.
    37. Natalia TRUSOVA & Sergey KALCHENKO & Nataliia POCHERNINA & Oleg KRAVETS & Yurii HURBYK, 2021. "Territorial Distribution Of Land Resource Potential Of Agricultural Use In World Countries," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 257-276, June.
    38. Saldias, Rodrigo & von Cramon-Taubadel, Stephan, 2012. "Access to credit and the determinants of technical inefficiency among specialized small farmers in Chile," DARE Discussion Papers 1211, Georg-August University of Göttingen, Department of Agricultural Economics and Rural Development (DARE).
    39. Gohin, Alexandre & Rault, Arnaud, 2012. "Assessing the economic costs of an outbreak of Foot and Mouth Disease on Brittany: A dynamic computable general equilibrium approach," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122438, European Association of Agricultural Economists.
    40. Ciaian, Pavel & Kancs, d'Artis & Swinnen, Johan F.M. & Van Herck, Kristine & Vranken, Liesbet, 2012. "Rental Market Regulations for Agricultural Land in EU Member States and Candidate Countries," Working papers 120250, Factor Markets, Centre for European Policy Studies.
    41. Sabasi, Darlington & Kompaniyets, Lyudmyla, 2015. "Impact of credit constraints on profitability and productivity in U.S. agriculture," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205689, Agricultural and Applied Economics Association.
    42. Girante, Maria Joana & Goodwin, Barry K. & Featherstone, Allen M., 2008. "Farmers' Crop Acreage Decisions in the Presence of Credit Constraints: Do Decoupled Payments Matter?," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6335, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    43. Karolina Pawlak & Walenty Poczta, 2020. "Agricultural Resources and their Productivity: A Transatlantic Perspective," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 18-49.
    44. Angelova, Biljana & Bojnec, Stefan, 2011. "Developments in the Agricultural and Rural Capital Market of the Former Yugoslav Republic of Macedonia," Working papers 117490, Factor Markets, Centre for European Policy Studies.
    45. Radek Zdeněk & Jana Lososová, 2020. "Investments of Czech farms located in less favoured areas after EU accession," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 66(2), pages 55-64.
    46. Cristina SALVIONI & Dario SCIULLI, 2018. "Rural development policy in Italy: the impact of growth-oriented measures on farm outcomes," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 64(3), pages 115-130.
    47. Stéphane Blancard, 2006. "Financial exposure and productive performance in French arable farms," Post-Print hal-02660809, HAL.
    48. Xia, X.H. & Chen, G.Q., 2012. "Energy abatement in Chinese industry: Cost evaluation of regulation strategies and allocation alternatives," Energy Policy, Elsevier, vol. 45(C), pages 449-458.
    49. Ciaian, Pavel & Falkowski, Jan & Kancs, d'Artis, 2010. "Access to Credit, Factor Allocation and Farm Productivity: Evidence From the CEE Transition Economies," 114th Seminar, April 15-16, 2010, Berlin, Germany 61347, European Association of Agricultural Economists.
    50. Ondřej Dvouletý & Ivana Blažková, 2019. "The Impact of Public Grants on Firm-Level Productivity: Findings from the Czech Food Industry," Sustainability, MDPI, vol. 11(2), pages 1-24, January.
    51. Frýd, Lukáš & Sokol, Ondřej, 2021. "Relationships between technical efficiency and subsidies for Czech farms: A two-stage robust approach," Socio-Economic Planning Sciences, Elsevier, vol. 78(C).
    52. Rault, Arnaud, 2012. "On the effectiveness of mutual funds to cope with lasting market risks: The case of FMD in Brittany," 126th Seminar, June 27-29, 2012, Capri, Italy 125994, European Association of Agricultural Economists.
    53. Curtiss, Jarmila, 2012. "Determinants of Financial Capital Use: Review of theories and implications for rural businesses," Factor Markets Working Papers 123, Centre for European Policy Studies.
    54. Petrick, Martin & Kloss, Mathias, 2012. "Drivers of agricultural capital productivity in selected EU member states," Factor Markets Working Papers 137, Centre for European Policy Studies.
    55. Abbas Ali Chandio & Yuansheng Jiang & Feng Wei & Abdul Rehman & Dan Liu, 2017. "Famers’ access to credit: Does collateral matter or cash flow matter?—Evidence from Sindh, Pakistan," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1369383-136, January.
    56. Bruno, Clementina & Manello, Alessandro, 2015. "Benchmarking and effects of reforms in the fixed telecommunications industry: A DDF approach," Telecommunications Policy, Elsevier, vol. 39(2), pages 127-139.
    57. Gohin, Alexandre & Rault, Arnaud, 2013. "Assessing the economic costs of a foot and mouth disease outbreak on Brittany: A dynamic computable general equilibrium analysis," Food Policy, Elsevier, vol. 39(C), pages 97-107.
    58. Diana Fletschner & Catherine Guirkinger & Steve Boucher, 2010. "Risk, Credit Constraints and Financial Efficiency in Peruvian Agriculture," Journal of Development Studies, Taylor & Francis Journals, vol. 46(6), pages 981-1002.
    59. Gohin, Alexandre & Rault, Arnaud, 2012. "Assessing the economic costs of an outbreak of Foot and Mouth Disease on Brittany: A dynamic computable general equilibrium," 86th Annual Conference, April 16-18, 2012, Warwick University, Coventry, UK 134712, Agricultural Economics Society.
    60. Joanna Bereznicka & Ludwik Wicki, 2021. "Do Farm Subsidies Improve Labour Efficiency in Farms in EU Countries?," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 925-937.
    61. Qiushi Chen & Lei Zhao & Jan C. Fransoo & Zhe Li, 2019. "Dual-mode inventory management under a chance credit constraint," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 41(1), pages 147-178, March.
    62. Laurens Cherchye & Bram De Rock & Annalisa Ferrando & Klaas Mulier & Marijn Verschelde, 2018. "Identifying Financial Constraints from Production Data," Working Papers ECARES 2018-31, ULB -- Universite Libre de Bruxelles.
    63. Walter Briec & Kristiaan Kerstens & Diego Prior, 2009. "Tangency Capacity Notions Based upon the Pro?t and Cost Functions: A Non-Parametric Approach and a Comparison," Working Papers 2009-ECO-05, IESEG School of Management.
    64. Kandilov, Amy M.G. & Kandilov, Ivan T., 2013. "The Impact of Interstate Bank Branching Deregulations on the U.S. Agricultural Sector: From Better Access to Credit to Higher Farm Sales and Profits," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149820, Agricultural and Applied Economics Association.
    65. Wawrzyniec Czubak & Krzysztof Piotr Pawłowski, 2020. "Sustainable Economic Development of Farms in Central and Eastern European Countries Driven by Pro-investment Mechanisms of the Common Agricultural Policy," Agriculture, MDPI, vol. 10(4), pages 1-19, March.
    66. Amer Ait Sidhoum & Philipp Mennig & Johannes Sauer, 2023. "Do agri-environment measures help improve environmental and economic efficiency? Evidence from Bavarian dairy farmers," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 50(3), pages 918-953.
    67. Moro, Daniele & Sckokai, Paolo, 2013. "The impact of decoupled payments on farm choices: Conceptual and methodological challenges," Food Policy, Elsevier, vol. 41(C), pages 28-38.
    68. M. A. Baqui Khalily & Abdul Khaleque, 2013. "Access to Credit and Productivity of Enterprises in Bangladesh: Is there Causality?," Working Papers 20, Institute of Microfinance (InM).
    69. Geoghegan, Cathal & Kinsella, Anne & O’Donoghue, Cathal, 2015. "Policy Drivers of Land Mobility in Irish Agriculture," 150th Seminar, October 22-23, 2015, Edinburgh, Scotland 212658, European Association of Agricultural Economists.
    70. Briec, Walter & Dumas, Audrey & Stenger, Agathe, 2013. "On the standard achievement and well-being indexes and their relation to the Hicks–Moorsteen productivity index," Economic Modelling, Elsevier, vol. 35(C), pages 900-909.
    71. Picazo-Tadeo, Andres J. & Reig-Martinez, Ernest, 2007. "Farmers' costs of environmental regulation: Reducing the consumption of nitrogen in citrus farming," Economic Modelling, Elsevier, vol. 24(2), pages 312-328, March.
    72. Olsen, Jakob Vesterlund & Pederson, Michael Friis, 2011. "An Empirical Analysis of Access to Finance for Danish Farms: Understanding Investment and the Absence of Risk Management," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114591, European Association of Agricultural Economists.

  70. K. Kerstens, 2006. "Multi-horizon Markowitz Portfolio Performance Appraisals," Post-Print hal-00288776, HAL.

    Cited by:

    1. Simar, Leopold & Vanhems, Anne, 2010. "Probabilistic characterization of directional distances and their robust versions," LIDAM Discussion Papers ISBA 2010040, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    2. Lozano, Sebastián & Gutiérrez, Ester, 2008. "Data envelopment analysis of mutual funds based on second-order stochastic dominance," European Journal of Operational Research, Elsevier, vol. 189(1), pages 230-244, August.

  71. W. Briec & K. Kerstens, 2006. "Input, Output and Graph Technical Efficiency Measures on Non-Convex FDH Models with Various Scaling Laws: An Integrated Approach Based Upon Implicit Enumeration Algorithms," Post-Print hal-00211169, HAL.

    Cited by:

    1. Kristiaan Kerstens & Jafar Sadeghi & Mehdi Toloo & Ignace van de Woestyne, 2022. "Procedures for ranking technical and cost efficient units: With a focus on nonconvexity," Post-Print hal-03595989, HAL.
    2. Kristiaan Kerstens & Ignace Van de Woestyne, 2018. "Enumeration algorithms for FDH directional distance functions under different returns to scale assumptions," Annals of Operations Research, Springer, vol. 271(2), pages 1067-1078, December.
    3. Antonio Peyrache & Maria C. A. Silva, 2022. "A Comment on Decomposition of Efficiency in Network Production Models," CEPA Working Papers Series WP072022, School of Economics, University of Queensland, Australia.
    4. Massimiliano Caporin & Michele Costola & Gregory Mathieu Jannin & Bertrand Maillet, 2016. "On the (Ab)Use of Omega?," Working Papers hal-01697640, HAL.
    5. Tavakoli, Ibrahim M. & Mostafaee, Amin, 2019. "Free disposal hull efficiency scores of units with network structures," European Journal of Operational Research, Elsevier, vol. 277(3), pages 1027-1036.
    6. Antonio Peyrache, 2022. "A Homothetic Data Generated Technology," CEPA Working Papers Series WP042022, School of Economics, University of Queensland, Australia.
    7. Soleimani-damaneh, Majid & Mostafaee, Amin, 2015. "Identification of the anchor points in FDH models," European Journal of Operational Research, Elsevier, vol. 246(3), pages 936-943.

  72. W. Briec & K. Kerstens, 2006. "S-Disposability assumption and duality between technology and cost function," Post-Print hal-00256871, HAL.

    Cited by:

    1. Rødseth, Kenneth Løvold, 2013. "A note on input congestion," Economics Letters, Elsevier, vol. 120(3), pages 599-602.

  73. K. Kerstens & D. Squires & N. Vestergaard, 2005. "Methodological Reflections on the Short-Run Johansen Industry Model in Relation to Capacity Management," Post-Print hal-00211184, HAL.

    Cited by:

    1. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & John WALDEN, 2020. "Short-Run Johansen Frontier-Based Industry Models: Methodological Refinements and Empirical Illustration on Fisheries," Working Papers 2020-EQM-01, IESEG School of Management.
    2. Morrison Paul, Catherine J. & Felthoven, Ronald G. & de O. Torres, Marcelo, 2010. "Productive performance in fisheries: modeling, measurement, and management," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 1-18.
    3. Färe, Rolf & Karagiannis, Giannis, 2017. "The denominator rule for share-weighting aggregation," European Journal of Operational Research, Elsevier, vol. 260(3), pages 1175-1180.
    4. Kristiaan Kerstens & Zhiyang Shen, 2021. "Using COVID-19 mortality to select among hospital plant capacity models: An exploratory empirical application to Hubei province," Post-Print hal-03130063, HAL.
    5. Kjærsgaard, Jens, 2010. "Quest for appropriate overcapacity in the fisheries industry," Socio-Economic Planning Sciences, Elsevier, vol. 44(3), pages 141-150, September.
    6. Dale Squires & Kathleen Segerson, 2022. "Capacity and Capacity Utilization in Production Economics," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 24, pages 1001-1037, Springer.

  74. Jean-Christophe Poutineau & W. Briec & J.-P. Boussemart & Kristiaan Kerstens, 2003. "Luenberger and Malmquist Productivity Indices: Theoretical Comparisons and Empirical Illustration," Post-Print halshs-00068813, HAL.

    Cited by:

    1. Shunsuke Managi & Shinji Kaneko, 2006. "Productivity of market and environmental abatement in China," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 7(4), pages 459-470, December.
    2. Carlos Barros & António Gomes de Menezes & Nicolas Peypoch & Bernardin Solonandrasana & José Vieira, 2008. "An analysis of hospital efficiency and productivity growth using the Luenberger indicator," Health Care Management Science, Springer, vol. 11(4), pages 373-381, December.
    3. Boon Liat Lee & Clevo Wilson & Carl A. Pasurka & Hidemichi Fujii & Shunsuke Managi, 2017. "Sources of airline productivity from carbon emissions: an analysis of operational performance under good and bad outputs," Journal of Productivity Analysis, Springer, vol. 47(3), pages 223-246, June.
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  75. Walter Briec & Kristiaan Kerstens & Jean Baptiste Lesourd, 2002. "Single Period Markowitz Portfolio Selection, Performance Gauging and Duality: A Variation on Luenberger’s Shortage Function," Working Papers 200203, Departament Empresa, Universitat Autònoma de Barcelona.

    Cited by:

    1. K. Kerstens, 2010. "Non-Parametric Frontier Estimates of Mutual Fund Performance Using C- and L-Moments : Some Specification Tests," Post-Print halshs-00777288, HAL.
    2. Kerstens, Kristiaan & Mounir, Amine & Van de Woestyne, Ignace, 2010. "Benchmarking Mean-Variance Portfolios. Using a Shortage Function: The Choice of Direction Vector," Working Papers 2010/01, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    3. Olivier Massol & Albert Banal-Estañol, 2011. "Export diversification and resource-based industrialization : the case of natural gas," Working Papers hal-01031565, HAL.
    4. O. Brandouy & K. Kerstens & I. van de Woestyne, 2010. "Exploring bi-criteria versus multi-dimensional lower partial moment portfolio models," Post-Print halshs-00558022, HAL.
    5. Briec, Walter & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2011. "Portfolio Selection with Skewness: A Comparison and a Generalized Two Fund Separation Result," Working Papers 2011/09, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.

  76. Walter Briec & Kristiaan Kerstens & Jean Baptiste Lesourd, 2001. "Single Period Markowitz Portfolio Selection, Performance Gading and Duality: A Variation on Luenberger'a Shortage Function," Working Papers 0203, Departament Empresa, Universitat Autònoma de Barcelona, revised Apr 2002.

    Cited by:

    1. Brandouy, Olivier & Briec, Walter & Kerstens, Kristiaan, 2008. "Portfolio performance gauging in discrete time using a Luenberger productivity indicator," Working Papers 2008/60, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    2. K. Kerstens, 2010. "Non-Parametric Frontier Estimates of Mutual Fund Performance Using C- and L-Moments : Some Specification Tests," Post-Print halshs-00777288, HAL.
    3. W. Briec & K. Kerstens & I. van de Woestyne, 2013. "Portfolio selection with skewness : a comparison of methods and a generalized one fund result," Post-Print hal-00837674, HAL.
    4. K. Kerstens, 2006. "Multi-Horizon Markowitz Porfolio Performance Appraisals : A General approach," Post-Print hal-00288784, HAL.
    5. Kerstens, Kristiaan & Mounir, Amine & Van de Woestyne, Ignace, 2010. "Benchmarking Mean-Variance Portfolios. Using a Shortage Function: The Choice of Direction Vector," Working Papers 2010/01, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    6. Kerstens, Kristiaan & Mounier, Amine & Van de Woestyne, Ignace, 2008. "Geometric representation of the mean-variance-skewness portfolio frontier based upon the shortage function," Working Papers 2008/61, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    7. Olivier Massol & Albert Banal-Estañol, 2011. "Export diversification and resource-based industrialization : the case of natural gas," Working Papers hal-01031565, HAL.
    8. Walter Briec & Kristiaan Kerstens, 2009. "Portfolio Selection in Multidimensional General and Partial Moment Space," Working Papers 2009-ECO-08, IESEG School of Management.
    9. Walter Briec & Kristiaan Kerstens & Octave Jokung, 2005. "Mean-Variance-Skewness Portfolio Performance Gauging: A General Shortage Function and Dual Approach," Working Papers 2005-ECO-05, IESEG School of Management.
    10. O. Brandouy & K. Kerstens & I. van de Woestyne, 2010. "Exploring bi-criteria versus multi-dimensional lower partial moment portfolio models," Post-Print halshs-00558022, HAL.
    11. Briec, Walter & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2011. "Portfolio Selection with Skewness: A Comparison and a Generalized Two Fund Separation Result," Working Papers 2011/09, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.

  77. DERVAUX, Benoît & KERSTENS, Kristiaan & VANDEN EECKAUT, Philippe, 1998. "Radial and nonradial static efficiency decompositions: a focus on congestion measurement," LIDAM Reprints CORE 1323, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    Cited by:

    1. Marchetti, Dalmo & Wanke, Peter F., 2019. "Efficiency in rail transport: Evaluation of the main drivers through meta-analysis with resampling," Transportation Research Part A: Policy and Practice, Elsevier, vol. 120(C), pages 83-100.
    2. Mehdiloozad, Mahmood & Podinovski, Victor V., 2018. "Nonparametric production technologies with weakly disposable inputs," European Journal of Operational Research, Elsevier, vol. 266(1), pages 247-258.
    3. KERSTENS , Kristiaan & VANDEN EECKAUT, Philippe, 1998. "Distinguishing technical and scale efficiency on non-convex and convex technologies: theoretical analysis and empirical illustrations," LIDAM Discussion Papers CORE 1998055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    4. Sun, Qinghe & Chen, Li & Meng, Qiang, 2022. "Evaluating port efficiency dynamics: A risk-based approach," Transportation Research Part B: Methodological, Elsevier, vol. 166(C), pages 333-347.
    5. Barros, Carlos P. & Bin Liang, Qi & Peypoch, Nicolas, 2013. "The efficiency of French regional airports: An inverse B-convex analysis," International Journal of Production Economics, Elsevier, vol. 141(2), pages 668-674.
    6. Färe, Rolf & Karagiannis, Giannis, 2017. "The denominator rule for share-weighting aggregation," European Journal of Operational Research, Elsevier, vol. 260(3), pages 1175-1180.
    7. Mehdiloo, Mahmood & Podinovski, Victor V., 2019. "Selective strong and weak disposability in efficiency analysis," European Journal of Operational Research, Elsevier, vol. 276(3), pages 1154-1169.
    8. Laurent Cavaignac & Romain Petiot, 2016. "A Quarter Century of Data Envelopment Analysis Applied to the Transport Sector: A Bibliometric Analysis," Post-Print hal-02395215, HAL.
    9. Guan Zhengfei & Alfons Oude Lansink, 2003. "Input Disposability and Efficiency in Dutch Arable Farming," Journal of Agricultural Economics, Wiley Blackwell, vol. 54(3), pages 467-478, November.
    10. Cavaignac, Laurent & Petiot, Romain, 2017. "A quarter century of Data Envelopment Analysis applied to the transport sector: A bibliometric analysis," Socio-Economic Planning Sciences, Elsevier, vol. 57(C), pages 84-96.
    11. Cullinane, Kevin & Wang, Teng-Fei & Song, Dong-Wook & Ji, Ping, 2006. "The technical efficiency of container ports: Comparing data envelopment analysis and stochastic frontier analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(4), pages 354-374, May.
    12. Gonzalez, Eduardo & Alvarez, Antonio, 2001. "From efficiency measurement to efficiency improvement: The choice of a relevant benchmark," European Journal of Operational Research, Elsevier, vol. 133(3), pages 512-520, September.
    13. Odeck, James, 2006. "Congestion, ownership, region of operation, and scale: Their impact on bus operator performance in Norway," Socio-Economic Planning Sciences, Elsevier, vol. 40(1), pages 52-69, March.

  78. KERSTENS , Kristiaan & VANDEN EECKAUT, Philippe, 1998. "Distinguishing technical and scale efficiency on non-convex and convex technologies: theoretical analysis and empirical illustrations," LIDAM Discussion Papers CORE 1998055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    Cited by:

    1. François Mairesse & Philippe Vanden Eeckaut, 2002. "Museum assessment and FDH technology: Towards a global approach," ULB Institutional Repository 2013/166509, ULB -- Universite Libre de Bruxelles.
    2. Post, Thierry, 2001. "Transconcave data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 132(2), pages 374-389, July.
    3. Kuosmanen, Timo, 2001. "DEA with efficiency classification preserving conditional convexity," European Journal of Operational Research, Elsevier, vol. 132(2), pages 326-342, July.
    4. MAIRESSE, François & VANDEN EECKAUT, Philippe, 1999. "Museum assessment and FDH technology: a global approach," LIDAM Discussion Papers CORE 1999038, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    5. Maria Alberta Oliveira & Carlos Santos, 2005. "Assessing school efficiency in Portugal using FDH and bootstrapping," Applied Economics, Taylor & Francis Journals, vol. 37(8), pages 957-968.
    6. Gelan, Ayele & Muriithi, Beatrice W., 2015. "Examining Returns to Scale in Smallholder Dairy Farms in East Africa," Quarterly Journal of International Agriculture, Humboldt-Universitaat zu Berlin, vol. 54(3), pages 1-23, September.
    7. Sergio Destefanis & Giuseppe Storti, 2002. "Measuring cross-country technological catch-up through variable-parameter FDH," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 11(1), pages 109-125, February.
    8. Walter Briec & Kristiaan Kerstens & Hervé Leleu & Philippe Eeckaut, 2000. "Returns to Scale on Nonparametric Deterministic Technologies: Simplifying Goodness-of-Fit Methods Using Operations on Technologies," Journal of Productivity Analysis, Springer, vol. 14(3), pages 267-274, November.
    9. Kristiaan Kerstens & Philippe Vanden Eeckaut, 1999. "A new criterion for technical efficiency measures: non-monotonicity across dimensions axioms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 20(1), pages 45-59.

  79. KERSTENS, Kristiaan & VANDEN EECKAUT, Philippe, 1997. "Estimating returns to scale using nonparametric deterministic technologies : a new method based on goodness-of-fit," LIDAM Discussion Papers CORE 1997013, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    Cited by:

    1. Keshvari, Abolfazl & Kuosmanen, Timo, 2013. "Stochastic non-convex envelopment of data: Applying isotonic regression to frontier estimation," European Journal of Operational Research, Elsevier, vol. 231(2), pages 481-491.
    2. Kristiaan Kerstens & Jafar Sadeghi & Mehdi Toloo & Ignace van de Woestyne, 2022. "Procedures for ranking technical and cost efficient units: With a focus on nonconvexity," Post-Print hal-03595989, HAL.
    3. Kristiaan Kerstens & Ignace Van de Woestyne, 2018. "Enumeration algorithms for FDH directional distance functions under different returns to scale assumptions," Annals of Operations Research, Springer, vol. 271(2), pages 1067-1078, December.
    4. Walter Briec & Kristiaan Kerstens, 2006. "Input, output and graph technical efficiency measures on non-convex FDH models with various scaling laws: An integrated approach based upon implicit enumeration algorithms," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 14(1), pages 135-166, June.
    5. Kristiaan Kerstens & Ignace van de Woestyne, 2021. "Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless," Post-Print hal-03274911, HAL.
    6. François Mairesse & Philippe Vanden Eeckaut, 2002. "Museum assessment and FDH technology: Towards a global approach," ULB Institutional Repository 2013/166509, ULB -- Universite Libre de Bruxelles.
    7. KERSTENS , Kristiaan & VANDEN EECKAUT, Philippe, 1998. "Distinguishing technical and scale efficiency on non-convex and convex technologies: theoretical analysis and empirical illustrations," LIDAM Discussion Papers CORE 1998055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    8. J. Vakili & R. Sadighi Dizaji, 2021. "The closest strong efficient targets in the FDH technology: an enumeration method," Journal of Productivity Analysis, Springer, vol. 55(2), pages 91-105, April.
    9. Walheer, Barnabé, 2018. "Aggregation of metafrontier technology gap ratios: the case of European sectors in 1995–2015," European Journal of Operational Research, Elsevier, vol. 269(3), pages 1013-1026.
    10. Subhash C. Ray, 2014. "Data Envelopment Analysis: An Overview," Working papers 2014-33, University of Connecticut, Department of Economics.
    11. Destefanis, Sergio, 2000. "Differenziali territoriali di produttività ed efficienza e sviluppo dualistico [Territorial differences in productivity and efficiency and Italian dualism]," MPRA Paper 62065, University Library of Munich, Germany.
    12. Peter Bogetoft & Joseph M. Tama & Jørgen Tind, 2000. "Convex Input and Output Projections of Nonconvex Production Possibility Sets," Management Science, INFORMS, vol. 46(6), pages 858-869, June.
    13. Destefanis, Sergio, 2002. "The Verdoorn Law: Some Evidence from Non-parametric Frontier Analysis," MPRA Paper 60954, University Library of Munich, Germany.
    14. Titl, Vitezslav & De Witte, Kristof, 2022. "How politics influence public good provision," Socio-Economic Planning Sciences, Elsevier, vol. 81(C).
    15. H. Leleu, 2006. "A linear programming framework for free disposal hull technologies and cost functions: primal and dual models," Post-Print hal-00204497, HAL.
    16. Ramón Mª-Dolores, 2004. "Public capital effects on spanish regions productivity: a non-parametric approach (1965-1998)," Hacienda Pública Española / Review of Public Economics, IEF, vol. 171(4), pages 57-74, december.
    17. H Leleu, 2009. "Mixing DEA and FDH models together," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(12), pages 1730-1737, December.
    18. Stéphane Blancard & Jean-Philippe Boussemart & Hervé Leleu, 2009. "Measuring potential gains from specialization under non-convex technologies," Working Papers 2009-ECO-02, IESEG School of Management.
    19. Jean-Philippe Boussemart & Walter Briec & Raluca Parvulescu & Paola Ravelojaona, 2022. "$\Lambda$-Returns to Scale and Individual Minimum Extrapolation Principle," Papers 2212.04724, arXiv.org, revised Dec 2023.
    20. Michael Zschille, 2014. "Nonparametric measures of returns to scale: an application to German water supply," Empirical Economics, Springer, vol. 47(3), pages 1029-1053, November.
    21. Kuosmanen, Timo, 2001. "DEA with efficiency classification preserving conditional convexity," European Journal of Operational Research, Elsevier, vol. 132(2), pages 326-342, July.
    22. Victor Podinovski, 2009. "Production technologies based on combined proportionality assumptions," Journal of Productivity Analysis, Springer, vol. 32(1), pages 21-26, August.
    23. MAIRESSE, François & VANDEN EECKAUT, Philippe, 1999. "Museum assessment and FDH technology: a global approach," LIDAM Discussion Papers CORE 1999038, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    24. Marques, Rui Cunha & De Witte, Kristof, 2011. "Is big better? On scale and scope economies in the Portuguese water sector," Economic Modelling, Elsevier, vol. 28(3), pages 1009-1016, May.
    25. Mehdiloo, Mahmood & Podinovski, Victor V., 2019. "Selective strong and weak disposability in efficiency analysis," European Journal of Operational Research, Elsevier, vol. 276(3), pages 1154-1169.
    26. Cesaroni, Giovanni & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2017. "Global and local scale characteristics in convex and nonconvex nonparametric technologies: A first empirical exploration," European Journal of Operational Research, Elsevier, vol. 259(2), pages 576-586.
    27. Briec, Walter & Kerstens, Kristiaan & Vyen Eeckaut, Philippe, 2002. "Non-Convex Technologies and Cost Functions: Definitions, Duality and Nonparametric Tests of Convexity," Efficiency Series Papers 2002/03, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    28. Fukuyama, Hirofumi, 2003. "Scale characterizations in a DEA directional technology distance function framework," European Journal of Operational Research, Elsevier, vol. 144(1), pages 108-127, January.
    29. Walter Briec & Ignace van de Woestyne & Kristiaan Kerstens, 2022. "Nonconvexity in Production and Cost Functions: An Exploratory and Selective Review," Post-Print hal-03833475, HAL.
    30. Veerle Hennebel & Richard Simper & Marijn Verschelde, 2017. "Is there a prison size dilemma? An empirical analysis of output-specific economies of scale," Post-Print hal-01745348, HAL.
    31. Tavakoli, Ibrahim M. & Mostafaee, Amin, 2019. "Free disposal hull efficiency scores of units with network structures," European Journal of Operational Research, Elsevier, vol. 277(3), pages 1027-1036.
    32. Trigo Gamarra, Lucinda, 2007. "Single- versus multi-channel distribution strategies in the German life insurance market: A cost and profit efficiency analysis," Thuenen-Series of Applied Economic Theory 81, University of Rostock, Institute of Economics.
    33. Kneip, Alois & Simar, Léopold & Wilson, Paul W., 2022. "Conical FDH Estimators of General Technologies, with Applications to Returns to Scale and Malmquist Productivity Indices," LIDAM Discussion Papers ISBA 2022024, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    34. Podinovski, Victor V., 2017. "Returns to scale in convex production technologies," European Journal of Operational Research, Elsevier, vol. 258(3), pages 970-982.
    35. Xiaoqing Chen & Xinwang Liu, 2023. "Comparing Malmquist and Hicks–Moorsteen productivity changes in China’s high-tech industries: exploring convexity implications," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 31(4), pages 1209-1237, December.
    36. Kristof Witte & Rui Marques, 2011. "Big and beautiful? On non-parametrically measuring scale economies in non-convex technologies," Journal of Productivity Analysis, Springer, vol. 35(3), pages 213-226, June.
    37. Kleine, A., 2004. "A general model framework for DEA," Omega, Elsevier, vol. 32(1), pages 17-23, February.
    38. Chavas, Jean-Paul & Kim, Kwansoo, 2013. "Nonparametric Analysis of Technology and Productivity under Non-Convexity," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149684, Agricultural and Applied Economics Association.
    39. Soleimani-damaneh, M. & Mostafaee, A., 2009. "Stability of the classification of returns to scale in FDH models," European Journal of Operational Research, Elsevier, vol. 196(3), pages 1223-1228, August.
    40. J-P Boussemart & W Briec & H Leleu, 2010. "Linear programming solutions and distance functions under α-returns to scale," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(8), pages 1297-1301, August.
    41. Briec, Walter & Liang, Qi Bin, 2011. "On some semilattice structures for production technologies," European Journal of Operational Research, Elsevier, vol. 215(3), pages 740-749, December.
    42. M. Soleimani-damaneh, 2013. "Another approach for estimating RTS in dynamic DEA," Journal of Productivity Analysis, Springer, vol. 39(1), pages 75-81, February.
    43. Emrouznejad, Ali & De Witte, Kristof, 2010. "COOPER-framework: A unified process for non-parametric projects," European Journal of Operational Research, Elsevier, vol. 207(3), pages 1573-1586, December.
    44. Xiaoqing Chen & Kristiaan Kerstens & Qingyuan Zhu, 2021. "Exploring Horizontal Mergers in Swedish District Courts Using Convex and Nonconvex Technologies: Usefulness of a Conservative Approach," Working Papers 2021-EQM-05, IESEG School of Management.
    45. Xiao, Helu & Zhou, Zhongbao & Ren, Teng & Liu, Wenbin, 2022. "Estimation of portfolio efficiency in nonconvex settings: A free disposal hull estimator with non-increasing returns to scale," Omega, Elsevier, vol. 111(C).
    46. Barnabé Walheer, 2022. "Global Malmquist and cost Malmquist indexes for group comparison," Journal of Productivity Analysis, Springer, vol. 58(1), pages 75-93, August.
    47. Subhash C. Ray, 2010. "A One-Step Procedure for Returns to Scale Classification of Decision Making Units in Data Envelopment Analysis," Working papers 2010-07, University of Connecticut, Department of Economics.
    48. Jean-Paul Chavas & Kwansoo Kim, 2015. "Nonparametric analysis of technology and productivity under non-convexity: a neighborhood-based approach," Journal of Productivity Analysis, Springer, vol. 43(1), pages 59-74, February.
    49. Antonio Peyrache, 2022. "A Homothetic Data Generated Technology," CEPA Working Papers Series WP042022, School of Economics, University of Queensland, Australia.
    50. Sergio Destefanis & Giuseppe Storti, 2002. "Measuring cross-country technological catch-up through variable-parameter FDH," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 11(1), pages 109-125, February.
    51. Sahoo, Biresh K & Khoveyni, Mohammad & Eslami, Robabeh & Chaudhury, Pradipta, 2016. "Returns to scale and most productive scale size in DEA with negative data," European Journal of Operational Research, Elsevier, vol. 255(2), pages 545-558.
    52. Crosato, Lisa & Destefanis, Sergio & Ganugi, Piero, 2007. "Technology and Firm Size Distribution:Evidence from Italian Manufacturing," CELPE Discussion Papers 102, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    53. Subhash C. Ray, 2018. "Data Envelopment Analysis with Alternative Returns to Scale," Working papers 2018-20, University of Connecticut, Department of Economics.
    54. Victor Podinovski, 2004. "Efficiency and Global Scale Characteristics on the “No Free Lunch” Assumption Only," Journal of Productivity Analysis, Springer, vol. 22(3), pages 227-257, November.
    55. Erbetta, Fabrizio & Rappuoli, Luca, 2008. "Optimal scale in the Italian gas distribution industry using data envelopment analysis," Omega, Elsevier, vol. 36(2), pages 325-336, April.
    56. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "Estimating scale economies in non-convex production models," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(11), pages 1442-1451, November.
    57. Walter Briec & Kristiaan Kerstens & Hervé Leleu & Philippe Eeckaut, 2000. "Returns to Scale on Nonparametric Deterministic Technologies: Simplifying Goodness-of-Fit Methods Using Operations on Technologies," Journal of Productivity Analysis, Springer, vol. 14(3), pages 267-274, November.
    58. Podinovski, V. V., 2004. "On the linearisation of reference technologies for testing returns to scale in FDH models," European Journal of Operational Research, Elsevier, vol. 152(3), pages 800-802, February.
    59. Mohammad Mahdi Mousavi & Jamal Ouenniche, 2018. "Multi-criteria ranking of corporate distress prediction models: empirical evaluation and methodological contributions," Annals of Operations Research, Springer, vol. 271(2), pages 853-886, December.
    60. Podinovski, Victor V. & Bouzdine-Chameeva, Tatiana, 2019. "Cone extensions of polyhedral production technologies," European Journal of Operational Research, Elsevier, vol. 276(2), pages 736-743.
    61. Cesaroni, Giovanni & Giovannola, Daniele, 2015. "Average-cost efficiency and optimal scale sizes in non-parametric analysis," European Journal of Operational Research, Elsevier, vol. 242(1), pages 121-133.
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    63. Soleimani-damaneh, M. & Jahanshahloo, G.R. & Reshadi, M., 2006. "On the estimation of returns-to-scale in FDH models," European Journal of Operational Research, Elsevier, vol. 174(2), pages 1055-1059, October.
    64. Soleimani-damaneh, Majid & Mostafaee, Amin, 2015. "Identification of the anchor points in FDH models," European Journal of Operational Research, Elsevier, vol. 246(3), pages 936-943.
    65. Alirezaee, Mohammadreza & Hajinezhad, Ensie & Paradi, Joseph C., 2018. "Objective identification of technological returns to scale for data envelopment analysis models," European Journal of Operational Research, Elsevier, vol. 266(2), pages 678-688.
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    Cited by:

    1. Andrea Boitani & Marcella Nicolini & Carlo Scarpa, 2013. "Do competition and ownership matter? Evidence from local public transport in Europe," Applied Economics, Taylor & Francis Journals, vol. 45(11), pages 1419-1434, April.
    2. Brida, Juan Gabriel & Deidda, Manuela & Pulina, Manuela, 2014. "Tourism and transport systems in mountain environments: analysis of the economic efficiency of cableways in South Tyrol," Journal of Transport Geography, Elsevier, vol. 36(C), pages 1-11.
    3. Beniamina Margari & Fabrizio Erbetta & Carmelo Petraglia & Massimiliano Piacenza, 2007. "Regulatory and environmental effects on public transit efficiency: a mixed DEA-SFA approach," Journal of Regulatory Economics, Springer, vol. 32(2), pages 131-151, October.
    4. Philippe Gagnepain, 1998. "Structures productives de l'industrie du transport urbain et effets des schémas réglementaires," Économie et Prévision, Programme National Persée, vol. 135(4), pages 95-107.
    5. Simona Bigerna & Paolo Polinori, 2008. "Ambiente operativo ed efficienza nel settore del Trasporto Pubblico Locale in Italia," Quaderni del Dipartimento di Economia, Finanza e Statistica 59/2008, Università di Perugia, Dipartimento Economia.
    6. Cinzia Daraio & Marco Diana & Flavia Di Costa & Claudio Leporelli & Giorgio Matteucci & Alberto Nastasi, 2014. "Efficiency and effectiveness in the urban public transport sector: a critical review with directions for future research," DIAG Technical Reports 2014-14, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".
    7. KERSTENS , Kristiaan & VANDEN EECKAUT, Philippe, 1998. "Distinguishing technical and scale efficiency on non-convex and convex technologies: theoretical analysis and empirical illustrations," LIDAM Discussion Papers CORE 1998055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    8. Halkos, George & Tzeremes, Nickolaos, 2012. "Measuring seaports’ productivity: A Malmquist productivity index decomposition approach," MPRA Paper 40174, University Library of Munich, Germany.
    9. Karlaftis, Matthew G. & Tsamboulas, Dimitrios, 2012. "Efficiency measurement in public transport: Are findings specification sensitive?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(2), pages 392-402.
    10. Kerstens, Kristiaan & Vanden Eeckaut, Philippe, 1999. "Estimating returns to scale using non-parametric deterministic technologies: A new method based on goodness-of-fit," European Journal of Operational Research, Elsevier, vol. 113(1), pages 206-214, February.
    11. Luc Baumstark & Claude Ménard & William Roy & Anne Yvrande-Billon, 2005. "Modes de gestion et efficience des opérateurs dans le secteur des transports urbains de personnes," Post-Print halshs-00103116, HAL.
    12. Philippe Gagnepain & Marc Ivaldi & Catherine Muller-Vibes, 2011. "The Industrial Organization of Competition in Local Bus Services," Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 32, Edward Elgar Publishing.
    13. Obeng, K. & Sakano, R., 2020. "Effects of government regulations and input subsidies on cost efficiency: A decomposition approach," Transport Policy, Elsevier, vol. 91(C), pages 95-107.
    14. Aurélie Corne & Olga Goncalves & Nicolas Peypoch, 2020. "Evaluating the performance drivers of French ski resorts: A hierarchical approach," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(3), pages 389-405, April.
    15. Nolan, James, 2001. "Productivity and Efficiency Changes Among Mid-Sized Transit," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 40(1).
    16. Lampe, Hannes W. & Hilgers, Dennis, 2015. "Trajectories of efficiency measurement: A bibliometric analysis of DEA and SFA," European Journal of Operational Research, Elsevier, vol. 240(1), pages 1-21.
    17. Obeng, K., 2009. "Indirect production function and the output effect of Public transit subsidies," 50th Annual Transportation Research Forum, Portland, Oregon, March 16-18, 2009 207603, Transportation Research Forum.
    18. Amaral, Miguel, 2008. "Public vs private management of public utilities - The case of urban public transport in Europe," Research in Transportation Economics, Elsevier, vol. 22(1), pages 85-90, January.
    19. GAUTIER, Axel & YVRANDE-BILLON, Anne, 2008. "Contract renewal as an incentive device. An application to the French urban public transport sector," LIDAM Discussion Papers CORE 2008068, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    20. Huang, Wencheng & Shuai, Bin & Sun, Yan & Wang, Yang & Antwi, Eric, 2018. "Using entropy-TOPSIS method to evaluate urban rail transit system operation performance: The China case," Transportation Research Part A: Policy and Practice, Elsevier, vol. 111(C), pages 292-303.
    21. Obeng, K. & Sakano, R., 2008. "Public transit subsidies, output effect and total factor productivity," Research in Transportation Economics, Elsevier, vol. 23(1), pages 85-98, January.
    22. Mahmoudi, Reza & Emrouznejad, Ali & Shetab-Boushehri, Seyyed-Nader & Hejazi, Seyed Reza, 2020. "The origins, development and future directions of data envelopment analysis approach in transportation systems," Socio-Economic Planning Sciences, Elsevier, vol. 69(C).
    23. Chiou, Yu-Chiun & Lan, Lawrence W. & Yen, Barbara T.H., 2012. "Route-based data envelopment analysis models," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(2), pages 415-425.
    24. B. de Borger & K. Kerstens & M. Staat, 2008. "Transit Costs and Cost Efficiency: Bootstrapping Non-Parametric Frontiers," Post-Print hal-00384167, HAL.
    25. Anne Yvrande‐Billon, 2006. "The Attribution Process Of Delegation Contracts In The French Urban Public Transport Sector: Why Competitive Tendering Is A Myth," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 77(4), pages 453-478, December.
    26. Merkert, Rico & Mulley, Corinne & Hakim, Md Mahbubul, 2017. "Determinants of bus rapid transit (BRT) system revenue and effectiveness – A global benchmarking exercise," Transportation Research Part A: Policy and Practice, Elsevier, vol. 106(C), pages 75-88.
    27. Simona Sanguineti & Alessio Tei, 2012. "L?efficienza delle aziende di Trasporto Pubblico Locale: confronto tra le maggiori realt? italiane," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2012(3), pages 359-377.
    28. Nolan, J. F. & Ritchie, P. C. & Rowcroft, J. E., 2002. "Identifying and measuring public policy goals: ISTEA and the US bus transit industry," Journal of Economic Behavior & Organization, Elsevier, vol. 48(3), pages 291-304, July.
    29. Qin, Feifei & Zhang, Xiaoning & Zhou, Qiang, 2014. "Evaluating the impact of organizational patterns on the efficiency of urban rail transit systems in China," Journal of Transport Geography, Elsevier, vol. 40(C), pages 89-99.
    30. Odeck, James, 2008. "How efficient and productive are road toll companies?: Evidence from Norway," Transport Policy, Elsevier, vol. 15(4), pages 232-241, July.
    31. Muñoz, Juan Carlos & de Grange, Louis, 2010. "On the development of public transit in large cities," Research in Transportation Economics, Elsevier, vol. 29(1), pages 379-386.
    32. Nieswand, Maria & Walter, Matthias, 2013. "Cost Efficiency and Subsidization in German Local Public Bus Transit," CEPR Discussion Papers 9346, C.E.P.R. Discussion Papers.
    33. Zhang, Chunqin & Juan, Zhicai & Luo, Qingyu & Xiao, Guangnian, 2016. "Performance evaluation of public transit systems using a combined evaluation method," Transport Policy, Elsevier, vol. 45(C), pages 156-167.
    34. Tianbo Tang & Jianxin You & Hui Sun & Hao Zhang, 2019. "Transportation Efficiency Evaluation Considering the Environmental Impact for China’s Freight Sector: A Parallel Data Envelopment Analysis," Sustainability, MDPI, vol. 11(18), pages 1-24, September.
    35. William Roy & Anne Yvrande-Billon, 2007. "Ownership, Contractual Practices and Technical Efficiency: The Case of Urban Public Transport in France," Post-Print halshs-00107375, HAL.
    36. Falk, Martin & Hagsten, Eva, 2017. "Climate Zone Crucial for Efficiency of Ski Lift Operators," MPRA Paper 77517, University Library of Munich, Germany.
    37. Obeng, K., 2019. "Public transit cost efficiency studies: The impact of non-contracting regulations," Transportation Research Part A: Policy and Practice, Elsevier, vol. 126(C), pages 247-258.
    38. Markéta Matulová & Hana Fitzová, 2018. "Transformation of urban public transport financing and its effect on operators’ efficiency: evidence from the Czech Republic," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 26(4), pages 967-983, December.
    39. Yu, Ming-Miin & Chen, Li-Hsueh & Hsiao, Bo, 2018. "A performance-based subsidy allocation of ferry transportation: A data envelopment approach," Transport Policy, Elsevier, vol. 68(C), pages 13-19.
    40. Georgios Georgiadis & Ioannis Politis & Panagiotis Papaioannou, 2020. "How Does Operational Environment Influence Public Transport Effectiveness? Evidence from European Urban Bus Operators," Sustainability, MDPI, vol. 12(12), pages 1-19, June.
    41. Md. Nazmul Huda Naim & Mohammed Sarfaraz Gani Adnan & Ashraf Dewan & Khatun E. Zannat, 2022. "Assessing the performance of public transport services in a developing country: A case study using data envelopment analysis," Growth and Change, Wiley Blackwell, vol. 53(1), pages 377-409, March.
    42. Pan, Yu & He, Sylvia Y., 2022. "Analyzing COVID-19’s impact on the travel mobility of various social groups in China’s Greater Bay Area via mobile phone big data," Transportation Research Part A: Policy and Practice, Elsevier, vol. 159(C), pages 263-281.
    43. Chiu, Yung-ho & Huang, Chin-wei & Ma, Chun-Mei, 2011. "Assessment of China transit and economic efficiencies in a modified value-chains DEA model," European Journal of Operational Research, Elsevier, vol. 209(2), pages 95-103, March.
    44. Campos-Alba, Cristina M. & Prior, Diego & Pérez-López, Gemma & Zafra-Gómez, Jose L., 2020. "Long-term cost efficiency of alternative management forms for urban public transport from the public sector perspective," Transport Policy, Elsevier, vol. 88(C), pages 16-23.
    45. Chiou, Yu-Chiun & Lan, Lawrence W. & Yen, Barbara T.H., 2010. "A joint measurement of efficiency and effectiveness for non-storable commodities: Integrated data envelopment analysis approaches," European Journal of Operational Research, Elsevier, vol. 201(2), pages 477-489, March.
    46. Avenali, Alessandro & Boitani, Andrea & Catalano, Giuseppe & D’Alfonso, Tiziana & Matteucci, Giorgio, 2016. "Assessing standard costs in local public bus transport: Evidence from Italy," Transport Policy, Elsevier, vol. 52(C), pages 164-174.
    47. Achraf TARSIM, 2008. "L’efficience du secteur ferroviaire européen : Analyse stochastique des effets de la réforme et de la qualité des services," CIRIEC Working Papers 0809, CIRIEC - Université de Liège.
    48. Mallikarjun, Sreekanth & Lewis, Herbert F. & Sexton, Thomas R., 2014. "Operational performance of U.S. public rail transit and implications for public policy," Socio-Economic Planning Sciences, Elsevier, vol. 48(1), pages 74-88.
    49. Francesco, Gastaldi & Lucia, Quaglino & Carlo, Stagnaro, 2012. "Il trasporto pubblico locale e la concorrenza. Cambiare paradigma per salvare il servizio: il caso ligure [Local Public Transportation and Competition. Changing Paradigm to Save the Service: The Ca," MPRA Paper 49464, University Library of Munich, Germany.
    50. Yu, Ming-Miin, 2008. "Assessing the technical efficiency, service effectiveness, and technical effectiveness of the world's railways through NDEA analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(10), pages 1283-1294, December.
    51. Maria Alberta Oliveira & Carlos Santos, 2005. "Assessing school efficiency in Portugal using FDH and bootstrapping," Applied Economics, Taylor & Francis Journals, vol. 37(8), pages 957-968.
    52. Vergés, Joaquim, 2014. "Evaluación de la eficiencia comparativa de empresas y entidades productivas: Indicadores y técnicas de análisis [Evaluating comparative efficiency of companies and productive entities: Measures and," MPRA Paper 58329, University Library of Munich, Germany.
    53. Zhao, Y. & Triantis, K. & Murray-Tuite, P. & Edara, P., 2011. "Performance measurement of a transportation network with a downtown space reservation system: A network-DEA approach," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 47(6), pages 1140-1159.
    54. Cavaignac, Laurent & Petiot, Romain, 2017. "A quarter century of Data Envelopment Analysis applied to the transport sector: A bibliometric analysis," Socio-Economic Planning Sciences, Elsevier, vol. 57(C), pages 84-96.
    55. Martin Falk, 2009. "Are multi-resort ski conglomerates more efficient?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 30(8), pages 529-538.
    56. Guillermo Díaz & Vincent Charles, 2016. "Regulatory design and technical efficiency: public transport in France," Journal of Regulatory Economics, Springer, vol. 50(3), pages 328-350, December.
    57. Daraio, Cinzia & Diana, Marco & Di Costa, Flavia & Leporelli, Claudio & Matteucci, Giorgio & Nastasi, Alberto, 2016. "Efficiency and effectiveness in the urban public transport sector: A critical review with directions for future research," European Journal of Operational Research, Elsevier, vol. 248(1), pages 1-20.
    58. Odeck, James, 2008. "The effect of mergers on efficiency and productivity of public transport services," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(4), pages 696-708, May.
    59. Cullinane, Kevin & Wang, Teng-Fei & Song, Dong-Wook & Ji, Ping, 2006. "The technical efficiency of container ports: Comparing data envelopment analysis and stochastic frontier analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(4), pages 354-374, May.
    60. Dag Dalen & Andres Gómez-Lobo, 2003. "Yardsticks on the road: Regulatory contracts and cost efficiency in the Norwegian bus industry," Transportation, Springer, vol. 30(4), pages 371-386, November.
    61. Zhang, Chunqin & Xiao, Guangnian & Liu, Yong & Yu, Feng, 2018. "The relationship between organizational forms and the comprehensive effectiveness for public transport services in China?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 118(C), pages 783-802.
    62. Hanauerová, Eliška, 2019. "Assessing the technical efficiency of public procurements in the bus transportation sector in the Czech Republic," Socio-Economic Planning Sciences, Elsevier, vol. 66(C), pages 105-111.
    63. William Roy & Anne Yvrande-Billon, 2007. "Ownership, Contractual Practices and Technical Efficiency: The Case of Urban Public Transport in France," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00107375, HAL.
    64. Karlaftis, Matthew G., 2003. "Investigating transit production and performance: a programming approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 37(3), pages 225-240, March.
    65. Tri Joewono & Hisashi Kubota, 2007. "User satisfaction with paratransit in competition with motorization in indonesia: anticipation of future implications," Transportation, Springer, vol. 34(3), pages 337-354, May.
    66. Odeck, James, 2006. "Congestion, ownership, region of operation, and scale: Their impact on bus operator performance in Norway," Socio-Economic Planning Sciences, Elsevier, vol. 40(1), pages 52-69, March.
    67. Pestana Barros, Carlos & Peypoch, Nicolas, 2010. "Productivity changes in Portuguese bus companies," Transport Policy, Elsevier, vol. 17(5), pages 295-302, September.
    68. Zhang, Chunqin & Juan, Zhicai & Xiao, Guangnian, 2015. "Do contractual practices affect technical efficiency? Evidence from public transport operators in China," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 80(C), pages 39-55.
    69. Mika Kortelainen & Timo Kuosmanen, 2004. "Measuring Eco-efficiency of Production: A Frontier Approach," Econometrics 0411006, University Library of Munich, Germany.

  81. KERSTENs, Kris & VANDEN EECKAUT, Philippe, 1995. "Technical Efficiency Measures on DEA and FDH : A Reconsideration of the Axiomatic Literature," LIDAM Discussion Papers CORE 1995013, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    Cited by:

    1. Laurens CHERCHYE & Tom VAN PUYENBROECK, 1999. "Product Mixes as Objects of Choice in Nonparametric Efficiency Measurement," Working Papers of Department of Economics, Leuven ces9901, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    2. Borger, Bruno De & Ferrier, Gary D. & Kerstens, Kristiaan, 1998. "The choice of a technical efficiency measure on the free disposal hull reference technology: A comparison using US banking data," European Journal of Operational Research, Elsevier, vol. 105(3), pages 427-446, March.
    3. Walter Briec & Laurent Cavaignac & Kristiaan Kerstens, 2020. "Input Efficiency Measures: A Generalized, Encompassing Formulation," Operations Research, INFORMS, vol. 68(6), pages 1836-1849, November.
    4. Dervaux, Benoît & Kerstens, Kristiaan & Vanden Eeckaut, Philippe, 1998. "Radial and nonradial static efficiency decompositions: a focus on congestion measurement," Transportation Research Part B: Methodological, Elsevier, vol. 32(5), pages 299-312, June.
    5. Kerstens, K., 1996. "Technical efficiency measurement and explanation of French urban transit companies," Transportation Research Part A: Policy and Practice, Elsevier, vol. 30(6), pages 431-452, November.
    6. McKillop, D. G. & Glass, J. C. & Ferguson, C., 2002. "Investigating the cost performance of UK credit unions using radial and non-radial efficiency measures," Journal of Banking & Finance, Elsevier, vol. 26(8), pages 1563-1591, August.
    7. Kristiaan Kerstens & Philippe Vanden Eeckaut, 1999. "A new criterion for technical efficiency measures: non-monotonicity across dimensions axioms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 20(1), pages 45-59.

  82. DE BORGER, Bruno & FERRIER, G.D. & KERSTENS, K., 1995. "The choice of a technical efficiency measure on the Free Disposal Hull reference technology: A comparison using US banking data," SESO Working Papers 1995001, University of Antwerp, Faculty of Business and Economics.

    Cited by:

    1. Walter Briec & Kristiaan Kerstens, 2006. "Input, output and graph technical efficiency measures on non-convex FDH models with various scaling laws: An integrated approach based upon implicit enumeration algorithms," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 14(1), pages 135-166, June.
    2. Allen N. Berger & David B. Humphrey, 1997. "Efficiency of Financial Institutions: International Survey and Directions for Future Research," Center for Financial Institutions Working Papers 97-05, Wharton School Center for Financial Institutions, University of Pennsylvania.
    3. KERSTENS , Kristiaan & VANDEN EECKAUT, Philippe, 1998. "Distinguishing technical and scale efficiency on non-convex and convex technologies: theoretical analysis and empirical illustrations," LIDAM Discussion Papers CORE 1998055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    4. J. David Cummins & Hongmin Zi, 1997. "Comparison of Frontier Efficiency Methods: An Application to the U.S. Life Insurance Industry," Center for Financial Institutions Working Papers 97-03, Wharton School Center for Financial Institutions, University of Pennsylvania.
    5. Ali Diabat & Udaya Shetty & T. Pakkala, 2015. "Improved efficiency measures through directional distance formulation of data envelopment analysis," Annals of Operations Research, Springer, vol. 229(1), pages 325-346, June.
    6. Zuzana Iršová & Tomáš Havránek, 2010. "Measuring Bank Efficiency: A Meta-Regression Analysis," Prague Economic Papers, Prague University of Economics and Business, vol. 2010(4), pages 307-328.
    7. Kuosmanen, Timo, 2001. "DEA with efficiency classification preserving conditional convexity," European Journal of Operational Research, Elsevier, vol. 132(2), pages 326-342, July.
    8. Wanke, Peter & Maredza, Andrew & Gupta, Rangan, 2017. "Merger and acquisitions in South African banking: A network DEA model," Research in International Business and Finance, Elsevier, vol. 41(C), pages 362-376.
    9. Walter Briec & Ignace van de Woestyne & Kristiaan Kerstens, 2022. "Nonconvexity in Production and Cost Functions: An Exploratory and Selective Review," Post-Print hal-03833475, HAL.
    10. William Cooper & Kyung Park & Jesus Pastor, 1999. "RAM: A Range Adjusted Measure of Inefficiency for Use with Additive Models, and Relations to Other Models and Measures in DEA," Journal of Productivity Analysis, Springer, vol. 11(1), pages 5-42, February.
    11. Wanke, Peter & Barros, Carlos P. & Faria, João R., 2015. "Financial distress drivers in Brazilian banks: A dynamic slacks approach," European Journal of Operational Research, Elsevier, vol. 240(1), pages 258-268.
    12. Pekka Korhonen & Sari Stenfors & Mikko Syrjänen, 2003. "Multiple Objective Approach as an Alternative to Radial Projection in DEA," Journal of Productivity Analysis, Springer, vol. 20(3), pages 305-321, November.
    13. Wanke, Peter & Tsionas, Mike G. & Chen, Zhongfei & Moreira Antunes, Jorge Junio, 2020. "Dynamic network DEA and SFA models for accounting and financial indicators with an analysis of super-efficiency in stochastic frontiers: An efficiency comparison in OECD banking," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 456-468.
    14. Youchao Tan & Udaya Shetty & Ali Diabat & T. Pakkala, 2015. "Aggregate directional distance formulation of DEA with integer variables," Annals of Operations Research, Springer, vol. 235(1), pages 741-756, December.
    15. David J Mayston, 2017. "Convexity, quality and efficiency in education," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(4), pages 446-455, April.
    16. Kuosmanen, Timo & Post, Thierry, 2001. "Measuring economic efficiency with incomplete price information: With an application to European commercial banks," European Journal of Operational Research, Elsevier, vol. 134(1), pages 43-58, October.
    17. Colin Glass, J. & McCallion, Gillian & McKillop, Donal G. & Rasaratnam, Syamarlah & Stringer, Karl S., 2006. "Implications of variant efficiency measures for policy evaluations in UK higher education," Socio-Economic Planning Sciences, Elsevier, vol. 40(2), pages 119-142, June.
    18. Bauer, Paul W. & Berger, Allen N. & Ferrier, Gary D. & Humphrey, David B., 1998. "Consistency Conditions for Regulatory Analysis of Financial Institutions: A Comparison of Frontier Efficiency Methods," Journal of Economics and Business, Elsevier, vol. 50(2), pages 85-114, March.
    19. Alshammari, Ahmad Alrazni & Syed Jaafar Alhabshi, Syed Musa bin & Saiti, Buerhan, 2019. "The impact of competition on cost efficiency of insurance and takaful sectors: Evidence from GCC markets based on the Stochastic Frontier Analysis," Research in International Business and Finance, Elsevier, vol. 47(C), pages 410-427.
    20. Tin H. Ho & Dat T. Nguyen & Thanh Ngo & Tu D. Q. Le, 2021. "Efficiency in Vietnamese Banking: A Meta-Regression Analysis Approach," IJFS, MDPI, vol. 9(3), pages 1-15, August.
    21. McKillop, D. G. & Glass, J. C. & Ferguson, C., 2002. "Investigating the cost performance of UK credit unions using radial and non-radial efficiency measures," Journal of Banking & Finance, Elsevier, vol. 26(8), pages 1563-1591, August.
    22. Peter Wanke & Carlos Barros & Nkanga Pedro João Macanda, 2016. "Predicting Efficiency in Angolan Banks: A Two-Stage TOPSIS and Neural Networks Approach," South African Journal of Economics, Economic Society of South Africa, vol. 84(3), pages 461-483, September.

  83. FERRIER, Gary & KERSTENS, Kris & VANDEN EECKAUT, Philippe, 1994. "Radial and Nonradial Technical Efficiency Measures on a DEA Reference Technology : A Comparison using US Banking Data," LIDAM Discussion Papers CORE 1994023, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    Cited by:

    1. Allen N. Berger & David B. Humphrey, 1997. "Efficiency of Financial Institutions: International Survey and Directions for Future Research," Center for Financial Institutions Working Papers 97-05, Wharton School Center for Financial Institutions, University of Pennsylvania.
    2. Laurens CHERCHYE & Tom VAN PUYENBROECK, 1999. "A Shadow Price Approach to Technical Efficiency Measurement," Working Papers of Department of Economics, Leuven ces9924, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    3. Laurens Cherchye & Tom Van Puyenbroeck, 2002. "Profit Efficiency Analysis Under Limited Information. With an Application to German Farm Types," Public Economics Working Paper Series ces0202, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Working Group Public Economics.
    4. Clements Adeyinka Akinsoyinu, 2015. "Efficiency Evaluation of European Financial Cooperative Sector. A Data Envelopment Analysis Approach," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(4), pages 11-21, October.
    5. KERSTENS , Kristiaan & VANDEN EECKAUT, Philippe, 1998. "Distinguishing technical and scale efficiency on non-convex and convex technologies: theoretical analysis and empirical illustrations," LIDAM Discussion Papers CORE 1998055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    6. Borger, Bruno De & Ferrier, Gary D. & Kerstens, Kristiaan, 1998. "The choice of a technical efficiency measure on the free disposal hull reference technology: A comparison using US banking data," European Journal of Operational Research, Elsevier, vol. 105(3), pages 427-446, March.
    7. Lin, Shoufu & Lin, Ruoyun & Sun, Ji & Wang, Fei & Wu, Weixiang, 2021. "Dynamically evaluating technological innovation efficiency of high-tech industry in China: Provincial, regional and industrial perspective," Socio-Economic Planning Sciences, Elsevier, vol. 74(C).
    8. André Leclerc & Mario Fortin, 2002. "Production Et Rationalisation Des Intermédiaires Financiers : Leçons À Tirer De L’Expérience Des Caisses Populaires Acadiennes," Cahiers de recherche 02-03, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    9. Kerstens, Kristiaan & Mounier, Amine & Van de Woestyne, Ignace, 2008. "Geometric representation of the mean-variance-skewness portfolio frontier based upon the shortage function," Working Papers 2008/61, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    10. Athanassopoulos, Antreas D., 1997. "Service quality and operating efficiency synergies for management control in the provision of financial services: Evidence from Greek bank branches," European Journal of Operational Research, Elsevier, vol. 98(2), pages 300-313, April.
    11. Dervaux, Benoît & Kerstens, Kristiaan & Vanden Eeckaut, Philippe, 1998. "Radial and nonradial static efficiency decompositions: a focus on congestion measurement," Transportation Research Part B: Methodological, Elsevier, vol. 32(5), pages 299-312, June.
    12. Watkins, K. Bradley & Henry, Chris G. & Hardke, Jarrod T. & Mane, Ranjitsinh U. & Mazzanti, Ralph & Baker, Ron, 2021. "Non-radial technical efficiency measurement of irrigation water relative to other inputs used in Arkansas rice production," Agricultural Water Management, Elsevier, vol. 244(C).
    13. Athanassopoulos, Antreas D., 1996. "Assessing the comparative spatial disadvantage (CSD) of regions in the European Union using non-radial data envelopment analysis methods," European Journal of Operational Research, Elsevier, vol. 94(3), pages 439-452, November.
    14. Pastor, J. T. & Ruiz, J. L. & Sirvent, I., 1999. "An enhanced DEA Russell graph efficiency measure," European Journal of Operational Research, Elsevier, vol. 115(3), pages 596-607, June.
    15. Kapelko, M. & Horta, I.M. & Camanho, A.S. & Oude Lansink, A., 2015. "Measurement of input-specific productivity growth with an application to the construction industry in Spain and Portugal," International Journal of Production Economics, Elsevier, vol. 166(C), pages 64-71.
    16. Yang, Xuehui & Zhang, Huirong & Li, Yan, 2022. "High-speed railway, factor flow and enterprise innovation efficiency: An empirical analysis on micro data," Socio-Economic Planning Sciences, Elsevier, vol. 82(PB).
    17. Bauer, Paul W. & Berger, Allen N. & Ferrier, Gary D. & Humphrey, David B., 1998. "Consistency Conditions for Regulatory Analysis of Financial Institutions: A Comparison of Frontier Efficiency Methods," Journal of Economics and Business, Elsevier, vol. 50(2), pages 85-114, March.
    18. McKillop, D. G. & Glass, J. C. & Ferguson, C., 2002. "Investigating the cost performance of UK credit unions using radial and non-radial efficiency measures," Journal of Banking & Finance, Elsevier, vol. 26(8), pages 1563-1591, August.
    19. Thompson, Russell G. & Brinkmann, Emile J. & Dharmapala, P. S. & Gonzalez-Lima, M. D. & Thrall, Robert M., 1997. "DEA/AR profit ratios and sensitivity of 100 large U.S. banks," European Journal of Operational Research, Elsevier, vol. 98(2), pages 213-229, April.

  84. DE BORGER, Bruno & KERSTENS, Kristiaan, 1994. "Cost efficiency of Belgian local governments: A comparative analysis of FDH, DEA and econometric approaches," SESO Working Papers 1994002, University of Antwerp, Faculty of Business and Economics.

    Cited by:

    1. António Afonso & Miguel St. Aubyn, 2005. "Non-parametric approaches to education and health efficiency in OECD countries," Journal of Applied Economics, Universidad del CEMA, vol. 8, pages 227-246, November.
    2. Feitosa Lopes, Daniel Alisson & Neto, Nicolino Trompieri & Barbosa, Macelo Ponte & Holanda, Marcos Costa, 2008. "Determinantes da Eficiência dos Gastos Públicos em Educação e Saúde: O caso do Ceará [Measuring and Explaining the Local Government Efficiency in Ceara: Evidence from Education and Health]," MPRA Paper 24533, University Library of Munich, Germany.
    3. Kristiaan Kerstens & Ignace Van de Woestyne, 2018. "Enumeration algorithms for FDH directional distance functions under different returns to scale assumptions," Annals of Operations Research, Springer, vol. 271(2), pages 1067-1078, December.
    4. Geys, Benny & Heinemann, Friedrich & Kalb, Alexander, 2009. "Voter involvement, fiscal autonomy and public sector efficiency: evidence from German municipalities [Wähler-Beteiligung, Finanzhoheit und Effizienz des öffentlichen Sektors: Aussagen von deutschen," Discussion Papers, Research Unit: Market Processes and Governance SP II 2009-02, WZB Berlin Social Science Center.
    5. Kristiaan Kerstens & Ignace van de Woestyne, 2021. "Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless," Post-Print hal-03274911, HAL.
    6. Philippe K. Widmer & George Elias & Peter Zweifel, 2012. "Improving efficiency through consolidation of jurisdictions? Evidence from the cantons of Switzerland," ECON - Working Papers 085, Department of Economics - University of Zurich.
    7. Dan He & Peng Gao & Zhijing Sun & Yui-yip Lau, 2017. "Measuring Water Transport Efficiency in the Yangtze River Economic Zone, China," Sustainability, MDPI, vol. 9(12), pages 1-13, December.
    8. Akai, Nobuo & Sato, Motohiro, 2008. "Too big or too small? A synthetic view of the commitment problem of interregional transfers," Journal of Urban Economics, Elsevier, vol. 64(3), pages 551-559, November.
    9. Jongmin Shon, 2022. "Does Competition Tame the Leviathan? A Case of Earmarked Spending for Transportation," Hacienda Pública Española / Review of Public Economics, IEF, vol. 241(2), pages 59-78, June.
    10. George Emmanuel Halkos & Nickolaos Tzeremes, 2010. "Measuring regional economic efficiency: the case of Greek prefectures," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 45(3), pages 603-632, December.
    11. Gosse A.G. Alserda & Jacob A. Bikker & Fieke S.G. Van Der Lecq, 2018. "X-efficiency and economies of scale in pension fund administration and investment," Applied Economics, Taylor & Francis Journals, vol. 50(48), pages 5164-5188, October.
    12. Bernardo Furtado, 2013. "Balancing investments in public service personnel and its healthcare provision output: an efficiency analysis for Brazilian municipalities," ERSA conference papers ersa13p1183, European Regional Science Association.
    13. Giovanna D'Inverno & Kristof De Witte, 2020. "Service level provision in municipalities: a flexible directional distance composite indicator," Working Papers of LEER - Leuven Economics of Education Research 656607, KU Leuven, Faculty of Economics and Business (FEB), LEER - Leuven Economics of Education Research.
    14. Canavire Bacarreza, Gustavo J. & Puerta-Cuartas, Alejandro & Beverinotti, Javier, 2024. "Efficiency in Poverty Reduction: A State-Level Analysis for Bolivia," IZA Discussion Papers 16794, Institute of Labor Economics (IZA).
    15. Dorjana Nano & Eduina Guga, 2015. "The Analyses of Albanian Budget Expenditure," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 1, September.
    16. Laura Carosi & Giovanna D'Inverno & Letizia Ravagli, 2014. "Global public spending efficiency in Tuscan municipalities," Discussion Papers 2014/175, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    17. Mandy Kriese, 2008. "Effizienzanalyse der sächsischen Gemeinden," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(05), pages .3-13, October.
    18. KERSTENS , Kristiaan & VANDEN EECKAUT, Philippe, 1998. "Distinguishing technical and scale efficiency on non-convex and convex technologies: theoretical analysis and empirical illustrations," LIDAM Discussion Papers CORE 1998055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    19. Simar, Leopold & Wilson, Paul W., 2007. "Estimation and inference in two-stage, semi-parametric models of production processes," Journal of Econometrics, Elsevier, vol. 136(1), pages 31-64, January.
    20. António Afonso & Ludger Schuknecht & Vito Tanzi, 2010. "Income distribution determinants and public spending efficiency," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 8(3), pages 367-389, September.
    21. Jose M. Cordero & Cristina Polo & Nickolaos G. Tzeremes, 2020. "Evaluating the efficiency of municipalities in the presence of unobserved heterogeneity," Journal of Productivity Analysis, Springer, vol. 53(3), pages 377-390, June.
    22. Samet Güner & Erman Coşkun, 2016. "Determining the best performing benchmarks for transit routes with a multi-objective model: the implementation and a critique of the two-model approach," Public Transport, Springer, vol. 8(2), pages 205-224, September.
    23. Akihiro Otsuka & Mika Goto & Toshiyuki Sueyoshi, 2010. "Industrial agglomeration effects in Japan: Productive efficiency, market access, and public fiscal transfer," Papers in Regional Science, Wiley Blackwell, vol. 89(4), pages 819-840, November.
    24. Emili Tortosa Ausina & Diego Prior & María Teresa Balaguer-Coll, 2006. "Decentralization And Effiency In Spanish Local Goverment," Working Papers. Serie EC 2006-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    25. Bischoff, Ivo & Bönisch, Peter & Haug, Peter & Illy, Annette, 2014. "Vertical Grants and Local Public Efficiency," IWH Discussion Papers 1/2013, Halle Institute for Economic Research (IWH), revised 2014.
    26. J. David Cummins & Hongmin Zi, 1997. "Comparison of Frontier Efficiency Methods: An Application to the U.S. Life Insurance Industry," Center for Financial Institutions Working Papers 97-03, Wharton School Center for Financial Institutions, University of Pennsylvania.
    27. Brijesh C. Purohit, 2015. "Efficiency in Education Sector: A Case of Rajasthan State (India)," Working Papers 2015-121, Madras School of Economics,Chennai,India.
    28. Loayza, Norman V. & Rigolini, Jamele & Calvo-Gonzalez, Oscar, 2011. "More than you can handle : decentralization and spending ability of Peruvian municipalities," Policy Research Working Paper Series 5763, The World Bank.
    29. Melville L. McMillan & Debasish Datta, 1998. "The Relative Efficiencies of Canadian Universities: A DEA Perspective," Canadian Public Policy, University of Toronto Press, vol. 24(4), pages 485-511, December.
    30. Arnaud Abad & Paola Ravelojaona, 2022. "A generalization of environmental productivity analysis," Post-Print hal-03592375, HAL.
    31. Peter Bogetoft & Joseph M. Tama & Jørgen Tind, 2000. "Convex Input and Output Projections of Nonconvex Production Possibility Sets," Management Science, INFORMS, vol. 46(6), pages 858-869, June.
    32. Simar, Leopold & Wilson, Paul, 2018. "Technical, Allocative and Overall Efficiency: Inference and Hypothesis Testing," LIDAM Discussion Papers ISBA 2018018, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    33. Thieme, Claudio & Prior, Diego & Tortosa-Ausina, Emili, 2013. "A multilevel decomposition of school performance using robust nonparametric frontier techniques," Economics of Education Review, Elsevier, vol. 32(C), pages 104-121.
    34. Manuel E. Lago & Santiago Lago-Peñas & Jorge Martinez-Vazquez, 2022. "On the effects of intergovernmental grants: a survey," Working Papers. Collection A: Public economics, governance and decentralization 2204, Universidade de Vigo, GEN - Governance and Economics research Network.
    35. Christl, Michael & Köppl-Turyna, Monika & Kucsera, Dénes, 2018. "Public sector efficiency in Europe: Long-run trends, recent developments and determinants," Working Papers 14, Agenda Austria.
    36. Titl, Vitezslav & De Witte, Kristof, 2022. "How politics influence public good provision," Socio-Economic Planning Sciences, Elsevier, vol. 81(C).
    37. Philippe Widmer & Peter Zweifel, 2012. "Fiscal Equalization, Tiebout Competition, and Incentives for Efficiency in a Federalist Country," Public Finance Review, , vol. 40(1), pages 3-29, January.
    38. Inha Oh & Jeong-Dong Lee & Seogwon Hwang & Almas Heshmati, 2010. "Analysis of product efficiency in the Korean automobile market from a consumer’s perspective," Empirical Economics, Springer, vol. 38(1), pages 119-137, February.
    39. Philippe K. Widmer & Peter Zweifel, 2008. "Public Good Provision in a Federalist Country: Tiebout Competition, Fiscal Equalization, and Incentives for Efficiency in Switzerland," SOI - Working Papers 0804, Socioeconomic Institute - University of Zurich, revised Dec 2010.
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    1. Caillan Fellows & Brian Dollery & Carolyn‐Thi Thanh Dung Tran, 2022. "Is Bigger More Efficient? An Empirical Analysis of Scale Economies in Administration in South Australian Local Government," Economic Papers, The Economic Society of Australia, vol. 41(1), pages 54-67, March.
    2. Feitosa Lopes, Daniel Alisson & Neto, Nicolino Trompieri & Barbosa, Macelo Ponte & Holanda, Marcos Costa, 2008. "Determinantes da Eficiência dos Gastos Públicos em Educação e Saúde: O caso do Ceará [Measuring and Explaining the Local Government Efficiency in Ceara: Evidence from Education and Health]," MPRA Paper 24533, University Library of Munich, Germany.
    3. Geys, Benny & Heinemann, Friedrich & Kalb, Alexander, 2009. "Voter involvement, fiscal autonomy and public sector efficiency: evidence from German municipalities [Wähler-Beteiligung, Finanzhoheit und Effizienz des öffentlichen Sektors: Aussagen von deutschen," Discussion Papers, Research Unit: Market Processes and Governance SP II 2009-02, WZB Berlin Social Science Center.
    4. Sakata, Masayo, 2004. "A cost frontier approach for estimating the determinants of cost inefficiency in Japanese fire protection management," Journal of Asian Economics, Elsevier, vol. 15(3), pages 579-590, June.
    5. George Emmanuel Halkos & Nickolaos Tzeremes, 2010. "Measuring regional economic efficiency: the case of Greek prefectures," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 45(3), pages 603-632, December.
    6. Núria Bosch & Francisco Pedraja & Javier Suárez-Pandiello, 2001. "The efficiency of refuse collection services in Spanish municipalities: do non-controllable variables matter?," Working Papers 2001/4, Institut d'Economia de Barcelona (IEB).
    7. Laura Carosi & Giovanna D'Inverno & Letizia Ravagli, 2014. "Global public spending efficiency in Tuscan municipalities," Discussion Papers 2014/175, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    8. Mandy Kriese, 2008. "Effizienzanalyse der sächsischen Gemeinden," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(05), pages .3-13, October.
    9. Jose M. Cordero & Cristina Polo & Nickolaos G. Tzeremes, 2020. "Evaluating the efficiency of municipalities in the presence of unobserved heterogeneity," Journal of Productivity Analysis, Springer, vol. 53(3), pages 377-390, June.
    10. DE BORGER, Bruno & KERSTENS, Kristiaan, 1994. "Cost efficiency of Belgian local governments: A comparative analysis of FDH, DEA and econometric approaches," SESO Working Papers 1994002, University of Antwerp, Faculty of Business and Economics.
    11. Köppl-Turyna, Monika & Bittó, Virág & Graf, Nikolaus, 2022. "Effizienzpotenziale in der Kinderbetreuung in Österreich," Policy Notes 50, EcoAustria – Institute for Economic Research.
    12. Brijesh C. Purohit, 2015. "Efficiency in Education Sector: A Case of Rajasthan State (India)," Working Papers 2015-121, Madras School of Economics,Chennai,India.
    13. Revelli, Federico & Tovmo, Per, 2007. "Revealed yardstick competition: Local government efficiency patterns in Norway," Journal of Urban Economics, Elsevier, vol. 62(1), pages 121-134, July.
    14. Damien Bo & Aude Deville & Philippe Luu, 2013. "Evaluation de la performance des villes françaises," Post-Print hal-01002928, HAL.
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    27. Xiao, Huijuan & Wang, Daoping & Qi, Yu & Shao, Shuai & Zhou, Ya & Shan, Yuli, 2021. "The governance-production nexus of eco-efficiency in Chinese resource-based cities: A two-stage network DEA approach," Energy Economics, Elsevier, vol. 101(C).
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    41. Geys, Benny & Moesen, Wim, 2008. "Measuring local government technical (in)efficiency: An application and comparison of FDH, DEA and econometric approaches," Discussion Papers, Research Unit: Market Processes and Governance SP II 2008-21, WZB Berlin Social Science Center.
    42. Bernardino Benito & José Solana & María-Rocío Moreno, 2014. "Explaining efficiency in municipal services providers," Journal of Productivity Analysis, Springer, vol. 42(3), pages 225-239, December.
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    45. Simanti Bandyopadhyay, 2012. "Performance Evaluation of Urban Local Governments: A Case for Indian Cities," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1232, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    46. Francisco Germano Carvalho Lucio & Jhorland Ayala‐García, 2022. "Public sector efficiency in Brazil," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(6), pages 308-321, December.
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    53. Halkos, George & Tzeremes, Nickolaos, 2011. "Population density and regional welfare efficiency," MPRA Paper 30097, University Library of Munich, Germany.
    54. Caitlin T. O’Loughlin & Paul W. Wilson, 2021. "Benchmarking the performance of US Municipalities," Empirical Economics, Springer, vol. 60(6), pages 2665-2700, June.
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    56. Geys, Benny, 2006. "Looking across borders: a test of spatial policy interdependence using local government efficiency ratings [Der Blick über die Grenze: Untersuchung von räumlichen Wechselbeziehungen in der Kommunal," Discussion Papers, Research Unit: Market Processes and Governance SP II 2006-03, WZB Berlin Social Science Center.
    57. Kalb, Alexander, 2009. "What determines local governments' technical efficiency? The case of road maintenance," ZEW Discussion Papers 09-047, ZEW - Leibniz Centre for European Economic Research.
    58. Martin Ardanaz & Stanislao Maldonado, 2016. "Natural Resource Windfalls and Efficiency of Local Government Expenditures: Evidence from Peru," Documentos de Trabajo 14578, Universidad del Rosario.
    59. Lars-Erik Borge & Kjetil Hatlebakk Hove & Tobias Lillekvelland & Per Tovmo, 2018. "Cost disease in defense and public administration: Baumol and politics," Public Choice, Springer, vol. 175(1), pages 1-18, April.
    60. Jose M. Cordero & Francisco Pedraja-Chaparro & Elsa C. Pisaflores & Cristina Polo, 2017. "Efficiency assessment of Portuguese municipalities using a conditional nonparametric approach," Journal of Productivity Analysis, Springer, vol. 48(1), pages 1-24, August.
    61. Gregory Brock, 2002. "Intercity Industrial Performance and Public Finance in Moscow Region, 1993-1995--Just a Lot of Company Towns?," Post-Communist Economies, Taylor & Francis Journals, vol. 14(2), pages 259-270.
    62. Mª Teresa Balaguer Coll, 2004. "La eficiencia en las administraciones locales ante diferentes especificaciones del output," Hacienda Pública Española / Review of Public Economics, IEF, vol. 170(3), pages 37-58, september.
    63. Núria Bosch & Marta Espasa & Toni Mora, 2012. "Citizen Control and the Efficiency of Local Public Services," Environment and Planning C, , vol. 30(2), pages 248-266, April.
    64. Stanislao Maldonado & Martin Ardanaz, 2023. "Natural resource windfalls and efficiency in local government expenditure: Evidence from Peru," Economics and Politics, Wiley Blackwell, vol. 35(1), pages 28-64, March.
    65. António Afonso & Ana Venâncio, 2016. "The relevance of commuting zones for regional spending efficiency," Applied Economics, Taylor & Francis Journals, vol. 48(10), pages 865-877, February.
    66. Francesco Aiello & Graziella Bonanno & Luigi Capristo, 2017. "Explaining Differences In Efficiency: The Case Of Local Government Literature," Working Papers 201704, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    67. Blane Lewis, 2006. "Local government taxation: An analysis of administrative cost inefficiency," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 42(2), pages 213-233.
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    72. Aiello, Francesco & Bonanno, Graziella & Capristo, Luigi, 2018. "Explaining differences in efficiency. A meta-study on local government literature," MPRA Paper 88982, University Library of Munich, Germany.
    73. Xiaofang Chen & Wenlei Xia & Yuan Huang & Mingze Li & Wei Wan, 2021. "Evolution of the Spatial Pattern of the Assets and Environmental Liabilities Conversion Rate and Its Influencing Factors," Sustainability, MDPI, vol. 13(16), pages 1-22, August.
    74. da Cruz, Nuno Ferreira & Marques, Rui Cunha, 2014. "Revisiting the determinants of local government performance," Omega, Elsevier, vol. 44(C), pages 91-103.
    75. William Orlando Prieto Bustos & Joan Miguel Tejedor Estupiñán, 2019. "Eficiencia Técnica de las Instituciones Públicas Locales en Colombia," Revista de Estudios Regionales, Universidades Públicas de Andalucía, vol. 2, pages 15-41.
    76. Pedro-José Martínez-Córdoba & Nicola Raimo & Filippo Vitolla & Bernardino Benito, 2020. "Achieving Sustainable Development Goals. Efficiency in the Spanish Clean Water and Sanitation Sector," Sustainability, MDPI, vol. 12(7), pages 1-13, April.
    77. António Afonso & Sónia Fernandes, 2003. "Efficiency of Local Government Spending: Evidence for the Lisbon Region," Working Papers Department of Economics 2003/09, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    78. Florian Dorn, 2021. "Elections and Government Efficiency," ifo Working Paper Series 363, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
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    81. Dorn, Florian, 2023. "Elections and Government Efficiency," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277700, Verein für Socialpolitik / German Economic Association.
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    Cited by:

    1. Geys, Benny & Moesen, Wim, 2008. "Measuring local government technical (in)efficiency: An application and comparison of FDH, DEA and econometric approaches," Discussion Papers, Research Unit: Market Processes and Governance SP II 2008-21, WZB Berlin Social Science Center.

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    Cited by:

    1. Geys, Benny & Moesen, Wim, 2008. "Exploring sources of local government technical inefficiency: evidence from Flemish municipalities [Ursachenforschung zur technischen Ineffizienz kommunaler Verwaltungen: Evidenz von flämischen Gem," Discussion Papers, Research Unit: Market Processes and Governance SP II 2008-18, WZB Berlin Social Science Center.

  88. DE BORGER, Bruno & KERSTENS, Kristiaan & COSTA, Álvaro, "undated". "Public transit performance: What do we learn from frontier studies?," Working Papers 2000019, University of Antwerp, Faculty of Business and Economics.

    Cited by:

    1. Beniamina Margari & Fabrizio Erbetta & Carmelo Petraglia & Massimiliano Piacenza, 2007. "Regulatory and environmental effects on public transit efficiency: a mixed DEA-SFA approach," Journal of Regulatory Economics, Springer, vol. 32(2), pages 131-151, October.
    2. Cullmann, Astrid & Farsi, Mehdi & Filippini Massimo, 2009. "Unobserved Heterogeneity and International Benchmarking in Public Trasport," Quaderni della facoltà di Scienze economiche dell'Università di Lugano 0904, USI Università della Svizzera italiana.
    3. Matthias Walter & Astrid Cullmann, 2008. "Potential Gains from Mergers in Local Public Transport: An Efficiency Analysis Applied to Germany," Discussion Papers of DIW Berlin 832, DIW Berlin, German Institute for Economic Research.
    4. Obeng, K., 2009. "Indirect production function and the output effect of Public transit subsidies," 50th Annual Transportation Research Forum, Portland, Oregon, March 16-18, 2009 207603, Transportation Research Forum.
    5. GAUTIER, Axel & YVRANDE-BILLON, Anne, 2008. "Contract renewal as an incentive device. An application to the French urban public transport sector," LIDAM Discussion Papers CORE 2008068, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    6. Karl-Hans Hartwig & Raimund Scheffler, 2009. "Größenvorteile im deutschen ÖSPV – Eine empirische Analyse," Working Papers 13, Institute of Transport Economics, University of Muenster.
    7. Kerstens, Kristiaan & Van de Woestyne, Ignace, 2009. "Negative Data in DEA: A Simple Proportional Distance Function Approach," Working Papers 2009/04, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    8. B. de Borger & K. Kerstens & M. Staat, 2008. "Transit Costs and Cost Efficiency: Bootstrapping Non-Parametric Frontiers," Post-Print hal-00384167, HAL.
    9. Christian von Hirschhausen & Astrid Cullmann, 2008. "Next Stop: Restructuring?: A Nonparametric Efficiency Analysis of German Public Transport Companies," Discussion Papers of DIW Berlin 831, DIW Berlin, German Institute for Economic Research.
    10. Nieswand, Maria & Walter, Matthias, 2013. "Cost Efficiency and Subsidization in German Local Public Bus Transit," CEPR Discussion Papers 9346, C.E.P.R. Discussion Papers.
    11. Raimund Scheffler & Karl-Hans Hartwig & Robert Malina, 2010. "Measuring Efficiency of German Bus Public Transport," Working Papers 14, Institute of Transport Economics, University of Muenster.
    12. Julien Lévêque & William Roy, 2004. "Quelles avancées permettent les techniques de frontière dans la mesure de l'efficience des exploitants de transport urbain ?," Post-Print halshs-00091900, HAL.
    13. Dag Dalen & Andres Gómez-Lobo, 2003. "Yardsticks on the road: Regulatory contracts and cost efficiency in the Norwegian bus industry," Transportation, Springer, vol. 30(4), pages 371-386, November.
    14. William Roy & Anne Yvrande-Billon, 2007. "Ownership, Contractual Practices and Technical Efficiency: The Case of Urban Public Transport in France," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00107375, HAL.

  89. DE BORGER, Bruno & KERSTENS, Kristiaan, "undated". "The Malmquist productivity index and plant capacity utilisation," Working Papers 2000020, University of Antwerp, Faculty of Business and Economics.

    Cited by:

    1. Kristiaan Kerstens & Jafar Sadeghi & Ignace Van de Woestyne, 2020. "Plant capacity notions in a non-parametric framework: a brief review and new graph or non-oriented plant capacities," Annals of Operations Research, Springer, vol. 288(2), pages 837-860, May.
    2. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "A New Input-Oriented Plant Capacity Notion: Definition and Empirical Comparison," Pacific Economic Review, Wiley Blackwell, vol. 22(4), pages 720-739, October.
    3. Victoria Shestalova, 2003. "Sequential Malmquist Indices of Productivity Growth: An Application to OECD Industrial Activities," Journal of Productivity Analysis, Springer, vol. 19(2), pages 211-226, April.
    4. Andreas Eder & Bernhard Mahlberg & Bernhard Stürmer, 2021. "Measuring and explaining productivity growth of renewable energy producers: An empirical study of Austrian biogas plants," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(1), pages 37-63, February.
    5. Burda, Michael C. & Severgnini, Battista, 2014. "Solow residuals without capital stocks," Journal of Development Economics, Elsevier, vol. 109(C), pages 154-171.
    6. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & Linjia ZHANG, 2020. "Malmquist Productivity Indices and Plant Capacity Utilisation: New Proposals and Empirical Application," Working Papers 2020-EQM-06, IESEG School of Management.
    7. Ma, Hongqi & Mei, Xinxiang & Tian, Yuan, 2020. "The impacts and potential mechanisms of credit support with regard to overcapacity: Based on theoretical and empirical analyses of steel enterprises," Resources Policy, Elsevier, vol. 68(C).
    8. B. de Borger & K. Kerstens & D. Prior & I. van de Woestyne, 2012. "Static efficiency decompositions and capacity utilization: integrating economic and technical capacity notions," Post-Print hal-00677646, HAL.
    9. Torstein Bye & Annegrete Bruvoll & Jan Larsson, 2006. "Capacity utilization in a generalized Malmquist index including environmental factors. A decomposition analysis," Discussion Papers 473, Statistics Norway, Research Department.
    10. Tariq Raza, 2016. "Measuring Technology Differences Across Football Manufacturers in Sialkot," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 21(Special E), pages 237-251, September.
    11. Magdalena Kapelko & Alfons Oude Lansink, 2015. "An international comparison of productivity change in the textile and clothing industry: a bootstrapped Malmquist index approach," Empirical Economics, Springer, vol. 48(4), pages 1499-1523, June.
    12. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "Short- and Long-run Plant Capacity Notions: Definitions and Comparison," Working Papers 2017-EQM-04, IESEG School of Management.
    13. Kristiaan Kerstens & Zhiyang Shen, 2021. "Using COVID-19 mortality to select among hospital plant capacity models: An exploratory empirical application to Hubei province," Post-Print hal-03130063, HAL.
    14. Walheer, Barnabé, 2019. "Malmquist productivity index for multi-output producers: An application to electricity generation plants," Socio-Economic Planning Sciences, Elsevier, vol. 65(C), pages 76-88.
    15. Xing Cai & Guoran Chen & Fei Wang, 2023. "How Does Green Finance Policy Affect the Capacity Utilization Rate of Polluting Enterprises?," Sustainability, MDPI, vol. 15(24), pages 1-17, December.
    16. Dale Squires & Kathleen Segerson, 2022. "Capacity and Capacity Utilization in Production Economics," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 24, pages 1001-1037, Springer.
    17. Ouellette, Pierre & Vierstraete, Valerie, 2004. "Technological change and efficiency in the presence of quasi-fixed inputs: A DEA application to the hospital sector," European Journal of Operational Research, Elsevier, vol. 154(3), pages 755-763, May.
    18. Xiaoqing Chen & Kristiaan Kerstens, 2022. "Evaluating horizontal mergers in Swedish district courts using plant capacity concepts: with a focus on nonconvexity," Post-Print halshs-03924994, HAL.
    19. W. Diewert & Kevin Fox, 2010. "Malmquist and Törnqvist productivity indexes: returns to scale and technical progress with imperfect competition," Journal of Economics, Springer, vol. 101(1), pages 73-95, September.

Articles

  1. Kristiaan Kerstens & Jafar Sadeghi, 2024. "Plant capacity notions: review, new definitions, and existence results at firm and industry levels," International Journal of Production Research, Taylor & Francis Journals, vol. 62(3), pages 1017-1040, February.
    See citations under working paper version above.
  2. Frederic Ang & Kristiaan Kerstens & Jafar Sadeghi, 2023. "Energy productivity and greenhouse gas emission intensity in Dutch dairy farms: A Hicks–Moorsteen by‐production approach under non‐convexity and convexity with equivalence results," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(2), pages 492-509, June.
    See citations under working paper version above.
  3. Kerstens, Kristiaan & Mazza, Paolo & Ren, Tiantian & Van de Woestyne, Ignace, 2022. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Omega, Elsevier, vol. 113(C).
    See citations under working paper version above.
  4. Briec, Walter & Dumas, Audrey & Kerstens, Kristiaan & Stenger, Agathe, 2022. "Generalised commensurability properties of efficiency measures: Implications for productivity indicators," European Journal of Operational Research, Elsevier, vol. 303(3), pages 1481-1492.
    See citations under working paper version above.
  5. Kristiaan Kerstens & Jafar Sadeghi & Ignace Van de Woestyne & Linjia Zhang, 2022. "Malmquist productivity indices and plant capacity utilisation: new proposals and empirical application," Annals of Operations Research, Springer, vol. 315(1), pages 221-250, August.
    See citations under working paper version above.
  6. Kerstens, Kristiaan & Sadeghi, Jafar & Toloo, Mehdi & Van de Woestyne, Ignace, 2022. "Procedures for ranking technical and cost efficient units: With a focus on nonconvexity," European Journal of Operational Research, Elsevier, vol. 300(1), pages 269-281.
    See citations under working paper version above.
  7. Kristiaan Kerstens & Ignace Van de Woestyne, 2021. "Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless," Annals of Operations Research, Springer, vol. 305(1), pages 81-106, October.
    See citations under working paper version above.
  8. Kerstens, Kristiaan & Shen, Zhiyang, 2021. "Using COVID-19 mortality to select among hospital plant capacity models: An exploratory empirical application to Hubei province," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    See citations under working paper version above.
  9. Walter Briec & Laurent Cavaignac & Kristiaan Kerstens, 2020. "Input Efficiency Measures: A Generalized, Encompassing Formulation," Operations Research, INFORMS, vol. 68(6), pages 1836-1849, November.
    See citations under working paper version above.
  10. Kristiaan Kerstens & Jafar Sadeghi & Ignace Van de Woestyne, 2020. "Plant capacity notions in a non-parametric framework: a brief review and new graph or non-oriented plant capacities," Annals of Operations Research, Springer, vol. 288(2), pages 837-860, May.
    See citations under working paper version above.
  11. Jin, Qianying & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2020. "Metafrontier productivity indices: Questioning the common convexification strategy," European Journal of Operational Research, Elsevier, vol. 283(2), pages 737-747.
    See citations under working paper version above.
  12. Kerstens, Kristiaan & Sadeghi, Jafar & Van de Woestyne, Ignace, 2019. "Convex and nonconvex input-oriented technical and economic capacity measures: An empirical comparison," European Journal of Operational Research, Elsevier, vol. 276(2), pages 699-709.
    See citations under working paper version above.
  13. Cesaroni, Giovanni & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2019. "Short- and long-run plant capacity notions: Definitions and comparison," European Journal of Operational Research, Elsevier, vol. 275(1), pages 387-397.
    See citations under working paper version above.
  14. Cinzia Daraio & Kristiaan H.J. Kerstens & Thyago Celso Cavalcante Nepomuceno & Robin Sickles, 2019. "Productivity And Efficiency Analysis Software: An Exploratory Bibliographical Survey Of The Options," Journal of Economic Surveys, Wiley Blackwell, vol. 33(1), pages 85-100, February.
    See citations under working paper version above.
  15. Kerstens, Kristiaan & Van de Woestyne, Ignace, 2019. "The Remarkable Incidence of Congestion in Production: A Review, Empirical Illustration, and Research Agenda," Data Envelopment Analysis Journal, now publishers, vol. 4(2), pages 109-147, December.
    See citations under working paper version above.
  16. Kerstens, Kristiaan & O’Donnell, Christopher & Van de Woestyne, Ignace, 2019. "Metatechnology frontier and convexity: A restatement," European Journal of Operational Research, Elsevier, vol. 275(2), pages 780-792.
    See citations under working paper version above.
  17. Kerstens, Kristiaan & Shen, Zhiyang & Van de Woestyne, Ignace, 2018. "Comparing Luenberger and Luenberger-Hicks-Moorsteen productivity indicators: How well is total factor productivity approximated?," International Journal of Production Economics, Elsevier, vol. 195(C), pages 311-318.
    See citations under working paper version above.
  18. Kristiaan Kerstens & Ignace Van de Woestyne, 2018. "Enumeration algorithms for FDH directional distance functions under different returns to scale assumptions," Annals of Operations Research, Springer, vol. 271(2), pages 1067-1078, December.
    See citations under working paper version above.
  19. Walter Briec & Kristiaan Kerstens & Ignace Van de Woestyne, 2018. "Hypercongestion in production correspondences: an empirical exploration," Applied Economics, Taylor & Francis Journals, vol. 50(27), pages 2938-2956, June.
    See citations under working paper version above.
  20. Briec, Walter & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2018. "Testing general and special Färe-Primont indices: A proposal for public and private sector synthetic indices of European regional expenditures and tourism," European Journal of Operational Research, Elsevier, vol. 271(2), pages 756-768.

    Cited by:

    1. Tomasz Kijek & Anna Matras-Bolibok, 2020. "Knowledge-intensive Specialisation and Total Factor Productivity (TFP) in the EU Regional Scope," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 68(1), pages 181-188.
    2. Hossein Komasi & Sarfaraz Hashemkhani Zolfani & Fausto Cavallaro, 2022. "The COVID-19 Pandemic and Nature-Based Tourism, Scenario Planning Approach (Case Study of Nature-Based Tourism in Iran)," Sustainability, MDPI, vol. 14(7), pages 1-13, March.
    3. Arkadiusz Kijek & Tomasz Kijek, 2020. "Nonlinear Effects of Human Capital and R&D on TFP: Evidence from European Regions," Sustainability, MDPI, vol. 12(5), pages 1-14, February.

  21. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "Estimating scale economies in non-convex production models," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(11), pages 1442-1451, November.
    See citations under working paper version above.
  22. Cesaroni, Giovanni & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2017. "Global and local scale characteristics in convex and nonconvex nonparametric technologies: A first empirical exploration," European Journal of Operational Research, Elsevier, vol. 259(2), pages 576-586.
    See citations under working paper version above.
  23. Giovanni Cesaroni & Kristiaan Kerstens & Ignace Van de Woestyne, 2017. "A New Input-Oriented Plant Capacity Notion: Definition and Empirical Comparison," Pacific Economic Review, Wiley Blackwell, vol. 22(4), pages 720-739, October.
    See citations under working paper version above.
  24. Walter Briec & Kristiaan Kerstens & Ignace Van de Woestyne, 2016. "Congestion in production correspondences," Journal of Economics, Springer, vol. 119(1), pages 65-90, September.
    See citations under working paper version above.
  25. Brandouy, Olivier & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2015. "Frontier-based vs. traditional mutual fund ratings: A first backtesting analysis," European Journal of Operational Research, Elsevier, vol. 242(1), pages 332-342.
    See citations under working paper version above.
  26. Kerstens, Kristiaan & Van de Woestyne, Ignace, 2014. "A note on a variant of radial measure capable of dealing with negative inputs and outputs in DEA," European Journal of Operational Research, Elsevier, vol. 234(1), pages 341-342.
    See citations under working paper version above.
  27. Kerstens, Kristiaan & Van de Woestyne, Ignace, 2014. "Comparing Malmquist and Hicks–Moorsteen productivity indices: Exploring the impact of unbalanced vs. balanced panel data," European Journal of Operational Research, Elsevier, vol. 233(3), pages 749-758.
    See citations under working paper version above.
  28. Kristiaan Kerstens & Ignace Van De Woestyne, 2014. "Solution Methods For Nonconvex Free Disposal Hull Models: A Review And Some Critical Comments," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 31(01), pages 1-13.
    See citations under working paper version above.
  29. Briec, Walter & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2013. "Portfolio selection with skewness: A comparison of methods and a generalized one fund result," European Journal of Operational Research, Elsevier, vol. 230(2), pages 412-421.
    See citations under working paper version above.
  30. K Kerstens & A Mounir & I Van de Woestyne, 2012. "Benchmarking mean-variance portfolios using a shortage function: the choice of direction vector affects rankings!," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 63(9), pages 1199-1212, September.
    See citations under working paper version above.
  31. Bruno De Borger & Kristiaan Kerstens & Diego Prior & Ignace Van de Woestyne, 2012. "Static efficiency decompositions and capacity utilization: integrating economic and technical capacity notions," Applied Economics, Taylor & Francis Journals, vol. 44(31), pages 4125-4141, November.
    See citations under working paper version above.
  32. Walter Briec & Kristiaan Kerstens & Nicolas Peypoch, 2012. "Exact Relations Between Four Definitions Of Productivity Indices And Indicators," Bulletin of Economic Research, Wiley Blackwell, vol. 64(2), pages 265-274, April.
    See citations under working paper version above.
  33. Epure, Mircea & Kerstens, Kristiaan & Prior, Diego, 2011. "Bank productivity and performance groups: A decomposition approach based upon the Luenberger productivity indicator," European Journal of Operational Research, Elsevier, vol. 211(3), pages 630-641, June.
    See citations under working paper version above.
  34. Epure, Mircea & Kerstens, Kristiaan & Prior, Diego, 2011. "Technology-based total factor productivity and benchmarking: New proposals and an application," Omega, Elsevier, vol. 39(6), pages 608-619, December.

    Cited by:

    1. K. Kerstens & I. van de Woestyne, 2014. "Comparing Malmquist and Hicks-Moorsteen productivity indices : exploring the impact of unbalanced vs. balanced panel data," Post-Print hal-00907943, HAL.
    2. Färe, Rolf & Mizobuchi, Hideyuki & Zelenyuk, Valentin, 2021. "Hicks neutrality and homotheticity in technologies with multiple inputs and multiple outputs," Omega, Elsevier, vol. 101(C).
    3. Mad Ithnin Salleh & Shariffah Nur Illiana Syed Ismail & Nurul Fadly Habidin & Nor Azrin Md Latip, 2016. "Efficiency and Productivity Changes of the Malaysian Community Colleges," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(12), pages 407-424, December.
    4. Amir Arjomandi & Mad Ithnin Salleh & Abbas Mohammadzadeh, 2015. "Measuring productivity change in higher education: an application of Hicks–Moorsteen total factor productivity index to Malaysian public universities," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 20(4), pages 630-643, October.
    5. Marijn Verschelde & Michel Dumont & Glenn Rayp & Bruno Merlevede, 2015. "Semiparametric stochastic metafrontier efficiency of European manufacturing firms," Post-Print hal-01563023, HAL.
    6. Balk, B.M. & Zofío, J.L., 2018. "The Many Decompositions of Total Factor Productivity Change," ERIM Report Series Research in Management ERS-2018-003-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    7. Aparicio, Juan & López-Torres, Laura & Santín, Daniel, 2018. "Economic crisis and public education. A productivity analysis using a Hicks-Moorsteen index," Economic Modelling, Elsevier, vol. 71(C), pages 34-44.
    8. Briec, Walter & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2018. "Testing general and special Färe-Primont indices: A proposal for public and private sector synthetic indices of European regional expenditures and tourism," European Journal of Operational Research, Elsevier, vol. 271(2), pages 756-768.
    9. Andreas Mayer & Valentin Zelenyuk, 2018. "Aggregation of Individual Efficiency Measures and Productivity Indices," CEPA Working Papers Series WP012018, School of Economics, University of Queensland, Australia.
    10. Kapelko, Magdalena & Oude Lansink, Alfons & Stefanou, Spiro E., 2015. "Analyzing the impact of investment spikes on dynamic productivity growth," Omega, Elsevier, vol. 54(C), pages 116-124.
    11. Tsionas, Mike G. & Polemis, Michael L., 2019. "On the estimation of total factor productivity: A novel Bayesian non-parametric approach," European Journal of Operational Research, Elsevier, vol. 277(3), pages 886-902.
    12. Mircea Epure, 2012. "Benchmarking for routines and organizational knowledge: A managerial accounting approach with performance feedback," Economics Working Papers 1399, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2016.
    13. Ang, Frederic & Kerstens, Pieter Jan, 2020. "A superlative indicator for the Luenberger-Hicks-Moorsteen productivity indicator: Theory and application," European Journal of Operational Research, Elsevier, vol. 285(3), pages 1161-1173.
    14. Valentin Zelenyuk, 2021. "Performance Analysis: Economic Foundations & Trends," CEPA Working Papers Series WP162021, School of Economics, University of Queensland, Australia.
    15. Xie, Qiwei & Xu, Qifan & Chen, Lifan & Jin, Xi & Li, Siqi & Li, Yongjun, 2022. "Efficiency evaluation of China's listed commercial banks based on a multi-period leader-follower model," Omega, Elsevier, vol. 110(C).
    16. Arjomandi, Amir & Valadkhani, Abbas & O’Brien, Martin, 2014. "Analysing banks’ intermediation and operational performance using the Hicks–Moorsteen TFP index: The case of Iran," Research in International Business and Finance, Elsevier, vol. 30(C), pages 111-125.

  35. Kerstens, Kristiaan & Mounir, Amine & de Woestyne, Ignace Van, 2011. "Non-parametric frontier estimates of mutual fund performance using C- and L-moments: Some specification tests," Journal of Banking & Finance, Elsevier, vol. 35(5), pages 1190-1201, May.
    See citations under working paper version above.
  36. Kerstens, Kristiaan & Mounir, Amine & Van de Woestyne, Ignace, 2011. "Geometric representation of the mean-variance-skewness portfolio frontier based upon the shortage function," European Journal of Operational Research, Elsevier, vol. 210(1), pages 81-94, April.
    See citations under working paper version above.
  37. Walter Briec & Kristiaan Kerstens, 2011. "The Hicks–Moorsteen Productivity Index Satisfies The Determinateness Axiom," Manchester School, University of Manchester, vol. 79(4), pages 765-775, July.
    See citations under working paper version above.
  38. Briec, Walter & Cavaignac, Laurent & Kerstens, Kristiaan, 2011. "Directional measurement of technical efficiency of production: An axiomatic approach," Economic Modelling, Elsevier, vol. 28(3), pages 775-781, May.

    Cited by:

    1. Boussemart, Jean-Philippe & Leleu, Hervé & Mensah, Edward & Shitikova, Karina, 2020. "Technological catching-up and structural convergence among US industries," Economic Modelling, Elsevier, vol. 84(C), pages 135-146.
    2. Walter Briec & Laurent Cavaignac & Kristiaan Kerstens, 2020. "Input Efficiency Measures: A Generalized, Encompassing Formulation," Operations Research, INFORMS, vol. 68(6), pages 1836-1849, November.
    3. Walter Briec, 2021. "Distance Functions and Generalized Means: Duality and Taxonomy," Papers 2112.09443, arXiv.org, revised May 2023.
    4. Stenger, Melle Agathe & Stenger, Agathe, 2017. "A remark on the definition of the Färe–Lovell measure for infeasible production vectors: implication for the Luenberger productivity indicator," International Journal of Production Economics, Elsevier, vol. 184(C), pages 1-6.

  39. K Kerstens & I Van de Woestyne, 2011. "Negative data in DEA: a simple proportional distance function approach," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(7), pages 1413-1419, July.
    See citations under working paper version above.
  40. Briec, Walter & Kerstens, Kristiaan, 2010. "Portfolio selection in multidimensional general and partial moment space," Journal of Economic Dynamics and Control, Elsevier, vol. 34(4), pages 636-656, April.
    See citations under working paper version above.
  41. Briec, Walter & Kerstens, Kristiaan & Prior, Diego & Van de Woestyne, Ignace, 2010. "Tangency capacity notions based upon the profit and cost functions: A non-parametric approach and a general comparison," Economic Modelling, Elsevier, vol. 27(5), pages 1156-1166, September.
    See citations under working paper version above.
  42. Ruben Chumpitaz & Kristiaan Kerstens & Nicholas Paparoidamis & Matthias Staat, 2010. "Hedonic price function estimation in economics and marketing: revisiting Lancaster’s issue of “noncombinable” goods," Annals of Operations Research, Springer, vol. 173(1), pages 145-161, January.
    See citations under working paper version above.
  43. Chumpitaz, Ruben & Kerstens, Kristiaan & Paparoidamis, Nicholas & Staat, Matthias, 2010. "Comparing efficiency across markets: An extension and critique of the methodology," European Journal of Operational Research, Elsevier, vol. 205(3), pages 719-728, September.

    Cited by:

    1. Bogetoft, Peter & Kromann, Lene, 2018. "Evaluating treatment effects using data envelopment analysis on matched samples: An analysis of electronic information sharing and firm performance," European Journal of Operational Research, Elsevier, vol. 270(1), pages 302-313.
    2. Karagiannis, Roxani & Karagiannis, Giannis, 2023. "Nonparametric estimates of price efficiency for the Greek infant milk market: Curing the curse of dimensionality with shannon entropy," Economic Modelling, Elsevier, vol. 121(C).

  44. Brandouy, Olivier & Briec, Walter & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2010. "Portfolio performance gauging in discrete time using a Luenberger productivity indicator," Journal of Banking & Finance, Elsevier, vol. 34(8), pages 1899-1910, August.
    See citations under working paper version above.
  45. Briec, Walter & Kerstens, Kristiaan, 2009. "The Luenberger productivity indicator: An economic specification leading to infeasibilities," Economic Modelling, Elsevier, vol. 26(3), pages 597-600, May.
    See citations under working paper version above.
  46. Jens Kjærsgaard & Niels Vestergaard & Kristiaan Kerstens, 2009. "Ecological Benchmarking to Explore Alternative Fishing Schemes to Protect Endangered Species by Substitution: The Danish Demersal Fishery in the North Sea," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(4), pages 573-590, August.
    See citations under working paper version above.
  47. Briec, Walter & Kerstens, Kristiaan, 2009. "Multi-horizon Markowitz portfolio performance appraisals: A general approach," Omega, Elsevier, vol. 37(1), pages 50-62, February.
    See citations under working paper version above.
  48. W. Briec & K. Kerstens, 2009. "Infeasibility and Directional Distance Functions with Application to the Determinateness of the Luenberger Productivity Indicator," Journal of Optimization Theory and Applications, Springer, vol. 141(1), pages 55-73, April.
    See citations under working paper version above.
  49. de Borger, Bruno & Kerstens, Kristiaan & Staat, Matthias, 2008. "Transit costs and cost efficiency: Bootstrapping non-parametric frontiers," Research in Transportation Economics, Elsevier, vol. 23(1), pages 53-64, January.
    See citations under working paper version above.
  50. Spiro Stefanou & Kristiaan Kerstens, 2008. "Applied production analysis unveiled in open peer review: introductory remarks," Journal of Productivity Analysis, Springer, vol. 30(1), pages 1-6, August.
    See citations under working paper version above.
  51. Emili GRIFELL‐TATJÉ & Kristiaan KERSTENS, 2008. "Incentive Regulation And The Role Of Convexity In Benchmarking Electricity Distribution: Economists Versus Engineers," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 79(2), pages 227-248, June.
    See citations under working paper version above.
  52. Walter Briec & Kristiaan Kerstens & Octave Jokung, 2007. "Mean-Variance-Skewness Portfolio Performance Gauging: A General Shortage Function and Dual Approach," Management Science, INFORMS, vol. 53(1), pages 135-149, January.
    See citations under working paper version above.
  53. Briec, Walter & Comes, Christine & Kerstens, Kristiaan, 2006. "Temporal technical and profit efficiency measurement: Definitions, duality and aggregation results," International Journal of Production Economics, Elsevier, vol. 103(1), pages 48-63, September.
    See citations under working paper version above.
  54. Kristiaan Kerstens & Niels Vestergaard & Dale Squires, 2006. "A short-run Johansen industry model for common-pool resources: planning a fishery's industrial capacity to curb overfishing," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 33(3), pages 361-389, September.
    See citations under working paper version above.
  55. Walter Briec & Kristiaan Kerstens & Philippe Vanden Eeckaut, 2006. "Non-convex Technologies and Cost Functions: Definitions, Duality and Nonparametric Tests of Convexity (Journal of Economics 81(2):155–192)," Journal of Economics, Springer, vol. 87(3), pages 307-308, April.

    Cited by:

    1. Walter Briec & Kristiaan Kerstens, 2006. "Input, output and graph technical efficiency measures on non-convex FDH models with various scaling laws: An integrated approach based upon implicit enumeration algorithms," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 14(1), pages 135-166, June.
    2. Emili Tortosa Ausina & Diego Prior & María Teresa Balaguer-Coll, 2006. "Decentralization And Effiency In Spanish Local Goverment," Working Papers. Serie EC 2006-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    3. Cinzia Daraio & Leopold Simar, 2005. "Conditional Nonparametric Frontier Models for Convex and Non Convex Technologies: a Unifying Approach," LEM Papers Series 2005/12, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. E. Grifell-Tatje & K. Kerstens, 2008. "Incentive Regulation and the Role of Convexity in Benchmarking Electricity Distribution: Economists versus Engineers," Post-Print hal-00280784, HAL.
    5. Arfa Chokri & Hervé Leleu & Ben Romdhane Habiba, 2008. "Directional distance function for FDH technologies with an application to Tunisian public hospitals," Working Papers 2008-ECO-03, IESEG School of Management.
    6. Kristof Witte & Rui Marques, 2011. "Big and beautiful? On non-parametrically measuring scale economies in non-convex technologies," Journal of Productivity Analysis, Springer, vol. 35(3), pages 213-226, June.
    7. Sergio Destefanis & Vania Sena, 2005. "Public capital and total factor productivity: New evidence from the Italian regions, 1970-98," Regional Studies, Taylor & Francis Journals, vol. 39(5), pages 603-617.

  56. Stéphane Blancard & Jean-Philippe Boussemart & Walter Briec & Kristiaan Kerstens, 2006. "Short- and Long-Run Credit Constraints in French Agriculture: A Directional Distance Function Framework Using Expenditure-Constrained Profit Functions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(2), pages 351-364.
    See citations under working paper version above.
  57. Walter Briec & Kristiaan Kerstens, 2006. "Input, output and graph technical efficiency measures on non-convex FDH models with various scaling laws: An integrated approach based upon implicit enumeration algorithms," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 14(1), pages 135-166, June.
    See citations under working paper version above.
  58. Walter Briec & Kristiaan Kerstens & Philippe Venden Eeckaut, 2004. "Non-convex Technologies and Cost Functions: Definitions, Duality and Nonparametric Tests of Convexity," Journal of Economics, Springer, vol. 81(2), pages 155-192, February.
    See citations under working paper version above.
  59. Walter Briec & Kristiaan Kerstens, 2004. "A Luenberger-Hicks-Moorsteen productivity indicator: its relation to the Hicks-Moorsteen productivity index and the Luenberger productivity indicator," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 23(4), pages 925-939, May.

    Cited by:

    1. Seufert, Juergen Heinz & Arjomandi, Amir & Dakpo, K. Hervé, 2017. "Evaluating airline operational performance: A Luenberger-Hicks-Moorsteen productivity indicator," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 104(C), pages 52-68.
    2. Arnaud Abad & Rabaozafy Louisa Andriamasy & Walter Briec, 2018. "Surplus measures and luenberger Hicks–Moorsteen productivity indicator," Journal of Economics, Springer, vol. 125(3), pages 279-308, November.
    3. K. Kerstens & I. van de Woestyne, 2014. "Comparing Malmquist and Hicks-Moorsteen productivity indices : exploring the impact of unbalanced vs. balanced panel data," Post-Print hal-00907943, HAL.
    4. Färe, Rolf & Mizobuchi, Hideyuki & Zelenyuk, Valentin, 2021. "Hicks neutrality and homotheticity in technologies with multiple inputs and multiple outputs," Omega, Elsevier, vol. 101(C).
    5. Pastor, Jesus T. & Lovell, C.A. Knox & Aparicio, Juan, 2020. "Defining a new graph inefficiency measure for the proportional directional distance function and introducing a new Malmquist productivity index," European Journal of Operational Research, Elsevier, vol. 281(1), pages 222-230.
    6. Nakano, Makiko & Managi, Shunsuke, 2008. "Regulatory reforms and productivity: An empirical analysis of the Japanese electricity industry," Energy Policy, Elsevier, vol. 36(1), pages 201-209, January.
    7. Arnaud Abad & Paola Ravelojaona, 2022. "A generalization of environmental productivity analysis," Post-Print hal-03592375, HAL.
    8. Tomas Balezentis & Kristiaan Kerstens & Zhiyang Shen, 2022. "Economic and Environmental Decomposition of Luenberger-Hicks-Moorsteen Total Factor Productivity Indicator: Empirical Analysis of Chinese Textile Firms With a Focus on Reporting Infeasibilities and Qu," Post-Print hal-03833245, HAL.
    9. Molinos-Senante, María & Maziotis, Alexandros & Sala-Garrido, Ramón, 2014. "The Luenberger productivity indicator in the water industry: An empirical analysis for England and Wales," Utilities Policy, Elsevier, vol. 30(C), pages 18-28.
    10. Kapelko, Magdalena & Oude Lansink, Alfons & Stefanou, Spiro, 2012. "Analysis of static and dynamic productivity growth in the Spanish meat processing industry," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 12(27), pages 1-13, September.
    11. Hirofumi Fukuyama & William L. Weber, 2008. "Indicators and indexes of directional output loss and input allocative inefficiency," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 29(7), pages 565-574.
    12. Kristiaan KERSTENS & Jafar SADEGHI & Ignace VAN DE WOESTYNE & Linjia ZHANG, 2020. "Malmquist Productivity Indices and Plant Capacity Utilisation: New Proposals and Empirical Application," Working Papers 2020-EQM-06, IESEG School of Management.
    13. Haiyan Deng & Ge Bai & Kristiaan Kerstens & Zhiyang Shen, 2023. "Comparing green productivity under convex and nonconvex technologies: Which is a robust approach consistent with energy structure?," Post-Print hal-04273632, HAL.
    14. Amir Arjomandi & Mad Ithnin Salleh & Abbas Mohammadzadeh, 2015. "Measuring productivity change in higher education: an application of Hicks–Moorsteen total factor productivity index to Malaysian public universities," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 20(4), pages 630-643, October.
    15. Robert Chambers, 2005. "On Input and Output Translation Homotheticity," Journal of Economics, Springer, vol. 85(2), pages 197-203, August.
    16. Tomas Balezentis & Zhiyang Shen, 2017. "An environmental Luenberger-Hicks-Moorsteen. Total Factor Productivityindicator for OECD Countries," Working Papers 2017-EQM-02, IESEG School of Management.
    17. Kapelko, Magdalena & Oude Lansink, Alfons G.J.M. & Stefanou, Spiro E., 2012. "Dynamic Productivity Growth in the Spanish Meat Industry," 131st Seminar, September 18-19, 2012, Prague, Czech Republic 135789, European Association of Agricultural Economists.
    18. Ayouba, Kassoum & Boussemart, Jean-Philippe & Lefer, Henri-Bertrand & Leleu, Hervé & Parvulescu, Raluca, 2022. "An indirect, Luenberger approach to price performance," International Journal of Production Economics, Elsevier, vol. 244(C).
    19. Arnaud Abad & Paola Ravelojaona, 2017. "Exponential environmental productivity index and indicators," Post-Print hal-03025344, HAL.
    20. Ang, Frederic & Kerstens, Pieter Jan, 2017. "The Dynamic Luenberger-Hicks-Moorsteen Productivity Indicator With An Application To Dairy Farms In South West England," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 260831, European Association of Agricultural Economists.
    21. Chen, Xiaoqing & Liu, Xinwang & Zhu, Qingyuan, 2022. "Comparative analysis of total factor productivity in China's high-tech industries," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    22. Yan Meng & Christopher F. Parmeter & Valentin Zelenyuk, 2023. "Is newer always better? A reinvestigation of productivity dynamics using updated PWT data," Journal of Productivity Analysis, Springer, vol. 59(1), pages 1-13, February.
    23. Kim, Kwansoo & Foltz, Jeremy D. & Barham, Bradford L. & Chavas, Jean-Paul, 2005. "Efficiency and Technological Change at U.S. Research Universities," Staff Papers 12677, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    24. Walter Briec & Ignace van de Woestyne & Kristiaan Kerstens, 2022. "Nonconvexity in Production and Cost Functions: An Exploratory and Selective Review," Post-Print hal-03833475, HAL.
    25. Mocholi-Arce, Manuel & Sala-Garrido, Ramon & Molinos-Senante, Maria & Maziotis, Alexandros, 2021. "Water company productivity change: A disaggregated approach accounting for changes in inputs and outputs," Utilities Policy, Elsevier, vol. 70(C).
    26. Nicolas Peypoch & Bernardin Solonandrasana, 2008. "Aggregate Efficiency and Productivity Analysis in the Tourism Industry," Tourism Economics, , vol. 14(1), pages 45-56, March.
    27. Frederic Ang & Kristiaan Kerstens & Jafar Sadeghi, 2023. "Energy productivity and greenhouse gas emission intensity in Dutch dairy farms: A Hicks–Moorsteen by‐production approach under non‐convexity and convexity with equivalence results," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(2), pages 492-509, June.
    28. Tang, Liwei & He, Gang, 2021. "How to improve total factor energy efficiency? An empirical analysis of the Yangtze River economic belt of China," Energy, Elsevier, vol. 235(C).
    29. Zhensheng Chen & Xueli Chen & Tomas Baležentis & Xiaoqing Gan & Vivian Valdmanis, 2020. "Productivity change and its driving forces in Chinese healthcare sector," PLOS ONE, Public Library of Science, vol. 15(12), pages 1-16, December.
    30. Zhiyang Shen & Vivian Valdmanis, 2020. "Identifying the contribution to hospital performance among Chinese regions by an aggregate directional distance function," Health Care Management Science, Springer, vol. 23(1), pages 142-152, March.
    31. Nicolas Peypoch, 2007. "Productivité du secteur touristique français : une comparaison interrégionale," Économie et Prévision, Programme National Persée, vol. 177(1), pages 65-76.
    32. Shen, Zhiyang & Zhao, Yuntian & Guneri, Fatma & Yang, Yiping & Wang, Songkai & Deng, Haiyan, 2023. "Does the rise of China promote the sustainable development of OECD countries? A geopolitical perspective," Resources Policy, Elsevier, vol. 85(PB).
    33. Aparicio, Juan & López-Torres, Laura & Santín, Daniel, 2018. "Economic crisis and public education. A productivity analysis using a Hicks-Moorsteen index," Economic Modelling, Elsevier, vol. 71(C), pages 34-44.
    34. Hongwei Liu & Henry Tsai, 2018. "Total factor productivity growth and regional competitive analysis of China’s star-rated hotels," Tourism Economics, , vol. 24(6), pages 625-644, September.
    35. Hirofumi Fukuyama & William L. Weber, 2017. "Measuring bank performance with a dynamic network Luenberger indicator," Annals of Operations Research, Springer, vol. 250(1), pages 85-104, March.
    36. Frederic Ang & Pieter Jan Kerstens, 2018. "Superlative approximation of the Luenberger-Hicks-Moorsteen productivity indicator: Theory and application," IFRO Working Paper 2018/10, University of Copenhagen, Department of Food and Resource Economics.
    37. Zhiyang Shen & Vivian Valdmanis, 2022. "Assessing total factor productivity across Africa: an empirical investigation," Journal of Productivity Analysis, Springer, vol. 58(2), pages 239-253, December.
    38. Gustavo Ferro & María Eugenia Labaronnie & Carlos A. Romero, 2011. "Medición de cambios en productividad con indicador de Luenberger en el sector de seguros en Argentina a la salida de la crisis," Working Papers hal-00597947, HAL.
    39. Andreas Mayer & Valentin Zelenyuk, 2018. "Aggregation of Individual Efficiency Measures and Productivity Indices," CEPA Working Papers Series WP012018, School of Economics, University of Queensland, Australia.
    40. Walter Briec & Kristiaan Kerstens & Nicolas Peypoch, 2012. "Exact Relations Between Four Definitions Of Productivity Indices And Indicators," Bulletin of Economic Research, Wiley Blackwell, vol. 64(2), pages 265-274, April.
    41. Arnaud Abad & Paola Ravelojaona, 2021. "Pollution‐adjusted productivity analysis : The use of Malmquist and Luenberger productivity measures," Post-Print hal-03025425, HAL.
    42. Walter Briec & Audrey Dumas & Kristiaan Kerstens & Agathe Stenger, 2021. "Generalised Commensurability Properties of Efficiency Measures: Implications for Productivity Indicators," Working Papers 2021-EQM-01, IESEG School of Management.
    43. Rolf Färe & Giannis Karagiannis, 2014. "Radial and directional measures of the rate of technical change," Journal of Economics, Springer, vol. 112(2), pages 183-199, June.
    44. Antonio Peyrache, 2014. "Hicks-Moorsteen versus Malmquist: a connection by means of a radial productivity index," Journal of Productivity Analysis, Springer, vol. 41(3), pages 435-442, June.
    45. See, Kok Fong & Li, Fei, 2015. "Total factor productivity analysis of the UK airport industry: A Hicks-Moorsteen index method," Journal of Air Transport Management, Elsevier, vol. 43(C), pages 1-10.
    46. Walter Briec & K. Kerstens, 2011. "The Hicks-Moorsteen productivity index satisfies the determinateness axiom," Post-Print hal-00656580, HAL.
    47. Arnaud Abad, 2022. "An unified framework for measuring pollution-adjusted productivity change," Working Papers hal-03592388, HAL.
    48. Ang, Frederic & Kerstens, Pieter Jan, 2017. "Decomposing the Luenberger–Hicks–Moorsteen Total Factor Productivity indicator: An application to U.S. agriculture," European Journal of Operational Research, Elsevier, vol. 260(1), pages 359-375.
    49. Xueli Chen & Vivian Valdmanis & Tuotuo Yu, 2020. "Productivity Growth in Chinese Medical Institutions during 2009–2018," Sustainability, MDPI, vol. 12(8), pages 1-17, April.
    50. Ang, Frederic & Kerstens, Pieter Jan, 2020. "A superlative indicator for the Luenberger-Hicks-Moorsteen productivity indicator: Theory and application," European Journal of Operational Research, Elsevier, vol. 285(3), pages 1161-1173.
    51. Béchir Ben Lahouel & Younes Ben Zaied & Guo-liang Yang & Maria-Giuseppina Bruna & Yaoyao Song, 2022. "A non-parametric decomposition of the environmental performance-income relationship: evidence from a non-linear model," Annals of Operations Research, Springer, vol. 313(1), pages 525-558, June.
    52. Carlos Barros & Hercules Haralambides & Mohamed Hussain & Nicolas Perpoch, 2011. "Seaport Efficiency and Productivity Growth," Chapters, in: Kevin Cullinane (ed.), International Handbook of Maritime Economics, chapter 17, Edward Elgar Publishing.
    53. Zhiyang Shen & Kristiaan Kerstens & Tomas Baležentis, 2023. "An environmental Luenberger–Hicks–Moorsteen total factor productivity indicator: empirical analysis considering undesirable outputs either as inputs or outputs, and attention for infeasibilities," Post-Print hal-04273656, HAL.
    54. Barnabé Walheer, 2019. "Dynamic directional nonparametric profit efficiency analysis for a single decision-making unit: an aggregation approach," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 41(4), pages 1123-1149, December.
    55. Walter Briec & Laurent Cavaignac, 2009. "An extension of the multi-output state-contingent production model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(1), pages 43-64, April.
    56. Arnaud Abad & Paola Ravelojaona & Ziyi Shen, 2022. "An exponential analysis of total factor productivity," Working Papers hal-03419905, HAL.
    57. Stefano NASINI & Rabia NESSAH, 2021. "Endogenous Learning in Multi-Sector Economies," Working Papers 2021-EQM-08, IESEG School of Management, revised Oct 2023.
    58. Lansink, Alfons Oude & Stefanou, Spiro & Serra, Teresa, 2015. "Primal and dual dynamic Luenberger productivity indicators," European Journal of Operational Research, Elsevier, vol. 241(2), pages 555-563.
    59. Ancev, Tiho & Azad, Samad Md., 2015. "Environmentally Adjusted Productivity and Efficiency Measurement: A New Direction for the Luenberger Productivity Indicator," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 204912, Agricultural and Applied Economics Association.
    60. Gustavo Ferro & Carlos A. Romero, 2011. "Comparación de medidas de cambio de productividad. Las aproximaciones de Malmquist y Luenberger en una aplicación al mercado de seguros," Working Papers hal-00597946, HAL.
    61. Briec, Walter & Dumas, Audrey & Stenger, Agathe, 2013. "On the standard achievement and well-being indexes and their relation to the Hicks–Moorsteen productivity index," Economic Modelling, Elsevier, vol. 35(C), pages 900-909.
    62. C.J. O'Donnell, 2011. "The Sources of Productivity Change in the Manufacturing Sectors of the U.S. Economy," CEPA Working Papers Series WP072011, School of Economics, University of Queensland, Australia.

  60. W. Briec & K. Kerstens & J. B. Lesourd, 2004. "Single-Period Markowitz Portfolio Selection, Performance Gauging, and Duality: A Variation on the Luenberger Shortage Function," Journal of Optimization Theory and Applications, Springer, vol. 120(1), pages 1-27, January.

    Cited by:

    1. Brandouy, Olivier & Briec, Walter & Kerstens, Kristiaan, 2008. "Portfolio performance gauging in discrete time using a Luenberger productivity indicator," Working Papers 2008/60, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    2. Zhang, Linjia & Botti, Laurent & Petit, Sylvain, 2016. "Destination performance: Introducing the utility function in the mean-variance space," Tourism Management, Elsevier, vol. 52(C), pages 123-132.
    3. K. Kerstens, 2010. "Non-Parametric Frontier Estimates of Mutual Fund Performance Using C- and L-Moments : Some Specification Tests," Post-Print halshs-00777288, HAL.
    4. Abdelouahed Hamdi & Arezou Karimi & Farshid Mehrdoust & Samir Brahim Belhaouari, 2022. "Portfolio Selection Problem Using CVaR Risk Measures Equipped with DEA, PSO, and ICA Algorithms," Mathematics, MDPI, vol. 10(15), pages 1-26, August.
    5. Martin Branda, 2016. "Mean-value at risk portfolio efficiency: approaches based on data envelopment analysis models with negative data and their empirical behaviour," 4OR, Springer, vol. 14(1), pages 77-99, March.
    6. W. Briec & K. Kerstens & I. van de Woestyne, 2013. "Portfolio selection with skewness : a comparison of methods and a generalized one fund result," Post-Print hal-00837674, HAL.
    7. Simar, Leopold & Vanhems, Anne, 2010. "Probabilistic characterization of directional distances and their robust versions," LIDAM Discussion Papers ISBA 2010040, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    8. K. Kerstens, 2006. "Multi-Horizon Markowitz Porfolio Performance Appraisals : A General approach," Post-Print hal-00288784, HAL.
    9. Zhou, Zhongbao & Jin, Qianying & Xiao, Helu & Wu, Qian & Liu, Wenbin, 2018. "Estimation of cardinality constrained portfolio efficiency via segmented DEA," Omega, Elsevier, vol. 76(C), pages 28-37.
    10. Nalpas, Nicolas & Simar, Léopold & Vanhems, Anne, 2016. "Portfolio Selection in a Multi-Input Multi-Output Setting: a Simple Monte-Carlo-FDH Algorithm," TSE Working Papers 16-648, Toulouse School of Economics (TSE).
    11. Kerstens, Kristiaan & Mounir, Amine & Van de Woestyne, Ignace, 2010. "Benchmarking Mean-Variance Portfolios. Using a Shortage Function: The Choice of Direction Vector," Working Papers 2010/01, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    12. G.A. Vijayalakshmi Pai & Thierry Michel, 2012. "Integrated Metaheuristic Optimization Of 130–30 Investment‐Strategy‐Based Long–Short Portfolios," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 19(1), pages 43-74, January.
    13. Kristiaan Kerstens & Paolo Mazza & Tiantian Ren & Ignace Van de Woestyne, 2021. "Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy," Working Papers 2021-EQM-03, IESEG School of Management.
    14. Andreu, Laura & Serrano, Miguel & Vicente, Luis, 2019. "Efficiency of mutual fund managers: A slacks-based manager efficiency index," European Journal of Operational Research, Elsevier, vol. 273(3), pages 1180-1193.
    15. Tsolas, Ioannis E., 2014. "Precious metal mutual fund performance appraisal using DEA modeling," Resources Policy, Elsevier, vol. 39(C), pages 54-60.
    16. Simar, Léopold & Vanhems, Anne & Wilson, Paul W., 2012. "Statistical inference for DEA estimators of directional distances," European Journal of Operational Research, Elsevier, vol. 220(3), pages 853-864.
    17. Kerstens, Kristiaan & Mounier, Amine & Van de Woestyne, Ignace, 2008. "Geometric representation of the mean-variance-skewness portfolio frontier based upon the shortage function," Working Papers 2008/61, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    18. Lozano, Sebastián & Gutiérrez, Ester, 2008. "Data envelopment analysis of mutual funds based on second-order stochastic dominance," European Journal of Operational Research, Elsevier, vol. 189(1), pages 230-244, August.
    19. Olivier Massol & Albert Banal-Estañol, 2011. "Export diversification and resource-based industrialization : the case of natural gas," Working Papers hal-01031565, HAL.
    20. Ruiyue Lin & Zhiping Chen & Qianhui Hu & Zongxin Li, 2017. "Dynamic network DEA approach with diversification to multi-period performance evaluation of funds," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 39(3), pages 821-860, July.
    21. Walter Briec & Kristiaan Kerstens, 2009. "Portfolio Selection in Multidimensional General and Partial Moment Space," Working Papers 2009-ECO-08, IESEG School of Management.
    22. Adam, Lukáš & Branda, Martin, 2021. "Risk-aversion in data envelopment analysis models with diversification," Omega, Elsevier, vol. 102(C).
    23. Walter Briec & Kristiaan Kerstens & Octave Jokung, 2005. "Mean-Variance-Skewness Portfolio Performance Gauging: A General Shortage Function and Dual Approach," Working Papers 2005-ECO-05, IESEG School of Management.
    24. Galagedera, Don U.A. & Fukuyama, Hirofumi & Watson, John & Tan, Eric K.M., 2020. "Do mutual fund managers earn their fees? New measures for performance appraisal," European Journal of Operational Research, Elsevier, vol. 287(2), pages 653-667.
    25. O. Brandouy & K. Kerstens & I. van de Woestyne, 2010. "Exploring bi-criteria versus multi-dimensional lower partial moment portfolio models," Post-Print halshs-00558022, HAL.
    26. Lamb, John D. & Tee, Kai-Hong, 2012. "Data envelopment analysis models of investment funds," European Journal of Operational Research, Elsevier, vol. 216(3), pages 687-696.
    27. Xiao, Helu & Zhou, Zhongbao & Ren, Teng & Liu, Wenbin, 2022. "Estimation of portfolio efficiency in nonconvex settings: A free disposal hull estimator with non-increasing returns to scale," Omega, Elsevier, vol. 111(C).
    28. Massol, Olivier & Banal-Estañol, Albert, 2014. "Export diversification through resource-based industrialization: The case of natural gas," European Journal of Operational Research, Elsevier, vol. 237(3), pages 1067-1082.
    29. Briec, Walter & Oms, Laurence & Paget-Blanc, Eric, 2014. "Shortage function and portfolio selection: On some special cases and extensions," Finance Research Letters, Elsevier, vol. 11(3), pages 295-302.
    30. Jiuping Xu & Xiaoyang Zhou & Steven Li, 2011. "A Class of Chance Constrained Multi-objective Portfolio Selection Model Under Fuzzy Random Environment," Journal of Optimization Theory and Applications, Springer, vol. 150(3), pages 530-552, September.
    31. Chambers, Robert G. & Färe, Rolf, 2011. "Efficiency analysis, shortage functions, arbitrage, and martingales," European Journal of Operational Research, Elsevier, vol. 213(1), pages 349-358, August.
    32. Tihana Škrinjarić, 2022. "Higher Moments Actually Matter: Spillover Approach for Case of CESEE Stock Markets," Mathematics, MDPI, vol. 10(24), pages 1-34, December.
    33. Zeng, Ximei & Zhou, Zhongbao & Gong, Yeming & Liu, Wenbin, 2022. "A data envelopment analysis model integrated with portfolio theory for energy mix adjustment: Evidence in the power industry," Socio-Economic Planning Sciences, Elsevier, vol. 83(C).
    34. S Lozano & E Gutiérrez, 2008. "TSD-consistent performance assessment of mutual funds," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 59(10), pages 1352-1362, October.
    35. Olivier Brandouy & Kristiaan Kerstens & Ignace Van De Woestyne, 2015. "Frontier-based vs. traditional mutual fund ratings: A first backtesting analysis," Post-Print hal-01533555, HAL.
    36. Xiao, Helu & Ren, Tiantian & Zhou, Zhongbao & Liu, Wenbin, 2021. "Parameter uncertainty in estimation of portfolio efficiency: Evidence from an interval diversification-consistent DEA approach," Omega, Elsevier, vol. 103(C).
    37. Liu, Wenbin & Zhou, Zhongbao & Liu, Debin & Xiao, Helu, 2015. "Estimation of portfolio efficiency via DEA," Omega, Elsevier, vol. 52(C), pages 107-118.
    38. Panayotis Alexakis & Ioannis Tsolas, 2011. "Appraisal of Mutual Equity Fund Performance Using Data Envelopment Analysis," Multinational Finance Journal, Multinational Finance Journal, vol. 15(3-4), pages 273-296, September.
    39. Marie Briere & Ariane Szafarz, 2017. "Factor Investing: The Rocky Road from Long-Only to Long-Short," Working Papers CEB 17-013, ULB -- Universite Libre de Bruxelles.
    40. Emmanuel Jurczenko & Bertrand Maillet & Paul Merlin, 2008. "Efficient Frontier for Robust Higher-order Moment Portfolio Selection," Post-Print halshs-00336475, HAL.
    41. Briec, Walter & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2011. "Portfolio Selection with Skewness: A Comparison and a Generalized Two Fund Separation Result," Working Papers 2011/09, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    42. Zhou, Zhongbao & Xiao, Helu & Jin, Qianying & Liu, Wenbin, 2018. "DEA frontier improvement and portfolio rebalancing: An application of China mutual funds on considering sustainability information disclosure," European Journal of Operational Research, Elsevier, vol. 269(1), pages 111-131.

  61. Jean‐Philippe Boussemart & Walter Briec & Kristiaan Kerstens & Jean‐Christophe Poutineau, 2003. "Luenberger and Malmquist Productivity Indices: Theoretical Comparisons and Empirical Illustration," Bulletin of Economic Research, Wiley Blackwell, vol. 55(4), pages 391-405, October.
    See citations under working paper version above.
  62. Bruno De Borger & Kristiaan Kerstens & Álvaro Costa, 2002. "Public transit performance: What does one learn from frontier studies?," Transport Reviews, Taylor & Francis Journals, vol. 22(1), pages 1-38, January.

    Cited by:

    1. Veeneman, Wijnand & Wilschut, Janneke & Urlings, Thijs & Blank, Jos & van de Velde, Didier, 2014. "Efficient frontier analysis of Dutch public transport tendering: A first analysis," Research in Transportation Economics, Elsevier, vol. 48(C), pages 101-108.
    2. Beniamina Margari & Fabrizio Erbetta & Carmelo Petraglia & Massimiliano Piacenza, 2007. "Regulatory and environmental effects on public transit efficiency: a mixed DEA-SFA approach," Journal of Regulatory Economics, Springer, vol. 32(2), pages 131-151, October.
    3. Cullmann, Astrid & Farsi, Mehdi & Filippini Massimo, 2009. "Unobserved Heterogeneity and International Benchmarking in Public Trasport," Quaderni della facoltà di Scienze economiche dell'Università di Lugano 0904, USI Università della Svizzera italiana.
    4. Avenali, Alessandro & Catalano, Giuseppe & D'Alfonso, Tiziana & Matteucci, Giorgio, 2020. "The allocation of national public resources in the Italian local public bus transport sector," Research in Transportation Economics, Elsevier, vol. 81(C).
    5. Adrian Nerja, 2023. "An efficiency analysis of Spanish airports," Papers 2311.16156, arXiv.org.
    6. Hörcher, Daniel & Tirachini, Alejandro, 2021. "A review of public transport economics," Economics of Transportation, Elsevier, vol. 25(C).
    7. Samet Güner & Erman Coşkun, 2016. "Determining the best performing benchmarks for transit routes with a multi-objective model: the implementation and a critique of the two-model approach," Public Transport, Springer, vol. 8(2), pages 205-224, September.
    8. Karlaftis, Matthew G. & Tsamboulas, Dimitrios, 2012. "Efficiency measurement in public transport: Are findings specification sensitive?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(2), pages 392-402.
    9. Giovanni Fraquelli & Massimiliano Piacenza & Graziano Abrate, 2004. "Regulating Public Transit Networks: How do Urban‐Intercity Diversification and Speed‐up Measures Affect Firms’ Cost Performance?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 75(2), pages 193-225, June.
    10. Yves Croissant & William Roy & Joan Canton, 2013. "Reducing urban public transport costs by tendering lots: a panel data estimation," Applied Economics, Taylor & Francis Journals, vol. 45(26), pages 3711-3722, September.
    11. Wang, Bangjuan & Liu, Chengliang & Zhang, Hong, 2022. "Where are equity and service effectiveness? A tale from public transport in Shanghai," Journal of Transport Geography, Elsevier, vol. 98(C).
    12. Luc Baumstark & Claude Ménard & William Roy & Anne Yvrande-Billon, 2005. "Modes de gestion et efficience des opérateurs dans le secteur des transports urbains de personnes," Post-Print halshs-00103116, HAL.
    13. Fitzová, Hana & Matulová, Markéta, 2020. "Comparison of urban public transport systems in the Czech Republic and Slovakia: Factors underpinning efficiency," Research in Transportation Economics, Elsevier, vol. 81(C).
    14. Førsund, Finn R., 2017. "Measuring effectiveness of production in the public sector," Omega, Elsevier, vol. 73(C), pages 93-103.
    15. Matthias Walter & Astrid Cullmann, 2008. "Potential Gains from Mergers in Local Public Transport: An Efficiency Analysis Applied to Germany," Discussion Papers of DIW Berlin 832, DIW Berlin, German Institute for Economic Research.
    16. Lupo, Toni, 2013. "Handling stakeholder uncertain judgments in strategic transport service analyses," Transport Policy, Elsevier, vol. 29(C), pages 54-63.
    17. Obeng, K., 2009. "Indirect production function and the output effect of Public transit subsidies," 50th Annual Transportation Research Forum, Portland, Oregon, March 16-18, 2009 207603, Transportation Research Forum.
    18. Kritikos, Manolis N. & Ioannou, George, 2010. "The balanced cargo vehicle routing problem with time windows," International Journal of Production Economics, Elsevier, vol. 123(1), pages 42-51, January.
    19. Amaral, Miguel, 2008. "Public vs private management of public utilities - The case of urban public transport in Europe," Research in Transportation Economics, Elsevier, vol. 22(1), pages 85-90, January.
    20. Nguyen-Hoang, Phuong & Yeung, Ryan, 2010. "What is paratransit worth?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 44(10), pages 841-853, December.
    21. GAUTIER, Axel & YVRANDE-BILLON, Anne, 2008. "Contract renewal as an incentive device. An application to the French urban public transport sector," LIDAM Discussion Papers CORE 2008068, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    22. Karl-Hans Hartwig & Raimund Scheffler, 2009. "Größenvorteile im deutschen ÖSPV – Eine empirische Analyse," Working Papers 13, Institute of Transport Economics, University of Muenster.
    23. Huang, Wencheng & Shuai, Bin & Sun, Yan & Wang, Yang & Antwi, Eric, 2018. "Using entropy-TOPSIS method to evaluate urban rail transit system operation performance: The China case," Transportation Research Part A: Policy and Practice, Elsevier, vol. 111(C), pages 292-303.
    24. Obeng, K. & Sakano, R., 2008. "Public transit subsidies, output effect and total factor productivity," Research in Transportation Economics, Elsevier, vol. 23(1), pages 85-98, January.
    25. Kerstens, Kristiaan & Van de Woestyne, Ignace, 2009. "Negative Data in DEA: A Simple Proportional Distance Function Approach," Working Papers 2009/04, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    26. Di Yao & Liqun Xu & Jinpei Li, 2019. "Evaluating the Performance of Public Transit Systems: A Case Study of Eleven Cities in China," Sustainability, MDPI, vol. 11(13), pages 1-21, June.
    27. Daniel (Jian) Sun & Shukai Chen & Chun Zhang & Suwan Shen, 2016. "A bus route evaluation model based on GIS and super-efficient data envelopment analysis," Transportation Planning and Technology, Taylor & Francis Journals, vol. 39(4), pages 407-423, June.
    28. Ramakrushna Panigrahi, 2021. "Evaluating Level Efficiency Versus Growth Efficiency in the Indian Automobile Industry in a Non-parametric DEA Approach," Global Business Review, International Management Institute, vol. 22(4), pages 963-976, August.
    29. Daraio, Cinzia & Kerstens, Kristiaan & Nepomuceno, Thyago & Sickles, Robin C., 2019. "Empirical Surveys of Frontier Applications: A Meta-Review," Working Papers 19-005, Rice University, Department of Economics.
    30. Avenali, Alessandro & Boitani, Andrea & Catalano, Giuseppe & D’Alfonso, Tiziana & Matteucci, Giorgio, 2018. "Assessing standard costs in local public bus transport: A hybrid cost model," Transport Policy, Elsevier, vol. 62(C), pages 48-57.
    31. Barros, Carlos Pestana, 2008. "Technical efficiency of UK airports," Journal of Air Transport Management, Elsevier, vol. 14(4), pages 175-178.
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    75. Julien Lévêque & William Roy, 2004. "Quelles avancées permettent les techniques de frontière dans la mesure de l'efficience des exploitants de transport urbain ?," Post-Print halshs-00091900, HAL.
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    78. Curi, Claudia & Gitto, Simone & Mancuso, Paolo, 2011. "New evidence on the efficiency of Italian airports: A bootstrapped DEA analysis," Socio-Economic Planning Sciences, Elsevier, vol. 45(2), pages 84-93, June.
    79. William Roy & Anne Yvrande-Billon, 2007. "Ownership, Contractual Practices and Technical Efficiency: The Case of Urban Public Transport in France," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00107375, HAL.
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    82. Thiago Victorino & Carlos Rosano Peña, 2023. "The Development of Efficiency Analysis in Transportation Systems: A Bibliometric and Systematic Review," Sustainability, MDPI, vol. 15(13), pages 1-32, June.
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  63. Bruno De Borger & Kristiaan Kerstens, 2000. "The Malmquist Productivity Index and Plant Capacity Utilization," Scandinavian Journal of Economics, Wiley Blackwell, vol. 102(2), pages 303-310, June.
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  64. Walter Briec & Kristiaan Kerstens & Hervé Leleu & Philippe Eeckaut, 2000. "Returns to Scale on Nonparametric Deterministic Technologies: Simplifying Goodness-of-Fit Methods Using Operations on Technologies," Journal of Productivity Analysis, Springer, vol. 14(3), pages 267-274, November.

    Cited by:

    1. Tone, Kaoru & Sahoo, Biresh K., 2003. "Scale, indivisibilities and production function in data envelopment analysis," International Journal of Production Economics, Elsevier, vol. 84(2), pages 165-192, May.
    2. Walter Briec & Kristiaan Kerstens, 2006. "Input, output and graph technical efficiency measures on non-convex FDH models with various scaling laws: An integrated approach based upon implicit enumeration algorithms," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 14(1), pages 135-166, June.
    3. H. Leleu, 2006. "A linear programming framework for free disposal hull technologies and cost functions: primal and dual models," Post-Print hal-00204497, HAL.
    4. Hirofumi Fukuyama & Hiroya Masaki & Kazuyuki Sekitani & Jianming Shi, 2014. "Distance optimization approach to ratio-form efficiency measures in data envelopment analysis," Journal of Productivity Analysis, Springer, vol. 42(2), pages 175-186, October.
    5. Mehdiloo, Mahmood & Podinovski, Victor V., 2019. "Selective strong and weak disposability in efficiency analysis," European Journal of Operational Research, Elsevier, vol. 276(3), pages 1154-1169.
    6. Cesaroni, Giovanni & Kerstens, Kristiaan & Van de Woestyne, Ignace, 2017. "Global and local scale characteristics in convex and nonconvex nonparametric technologies: A first empirical exploration," European Journal of Operational Research, Elsevier, vol. 259(2), pages 576-586.
    7. Briec, Walter & Kerstens, Kristiaan & Vyen Eeckaut, Philippe, 2002. "Non-Convex Technologies and Cost Functions: Definitions, Duality and Nonparametric Tests of Convexity," Efficiency Series Papers 2002/03, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    8. Fukuyama, Hirofumi, 2003. "Scale characterizations in a DEA directional technology distance function framework," European Journal of Operational Research, Elsevier, vol. 144(1), pages 108-127, January.
    9. Trigo Gamarra, Lucinda, 2007. "Single- versus multi-channel distribution strategies in the German life insurance market: A cost and profit efficiency analysis," Thuenen-Series of Applied Economic Theory 81, University of Rostock, Institute of Economics.
    10. Podinovski, Victor V., 2017. "Returns to scale in convex production technologies," European Journal of Operational Research, Elsevier, vol. 258(3), pages 970-982.
    11. Benoit Dervaux & Gary Ferrier & Herve Leleu & Vivian Valdmanis, 2004. "Comparing French and US hospital technologies: a directional input distance function approach," Applied Economics, Taylor & Francis Journals, vol. 36(10), pages 1065-1081.
    12. Colin Glass, J. & McCallion, Gillian & McKillop, Donal G. & Rasaratnam, Syamarlah & Stringer, Karl S., 2006. "Implications of variant efficiency measures for policy evaluations in UK higher education," Socio-Economic Planning Sciences, Elsevier, vol. 40(2), pages 119-142, June.
    13. Victor Podinovski, 2004. "Efficiency and Global Scale Characteristics on the “No Free Lunch” Assumption Only," Journal of Productivity Analysis, Springer, vol. 22(3), pages 227-257, November.
    14. Podinovski, V. V., 2004. "On the linearisation of reference technologies for testing returns to scale in FDH models," European Journal of Operational Research, Elsevier, vol. 152(3), pages 800-802, February.
    15. Podinovski, Victor V. & Bouzdine-Chameeva, Tatiana, 2019. "Cone extensions of polyhedral production technologies," European Journal of Operational Research, Elsevier, vol. 276(2), pages 736-743.
    16. Soleimani-damaneh, M. & Jahanshahloo, G.R. & Reshadi, M., 2006. "On the estimation of returns-to-scale in FDH models," European Journal of Operational Research, Elsevier, vol. 174(2), pages 1055-1059, October.
    17. M Soleimani-damaneh, 2009. "A fast algorithm for determining some characteristics in DEA," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(11), pages 1528-1534, November.
    18. V V Podinovski, 2004. "Local and global returns to scale in performance measurement," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 55(2), pages 170-178, February.

  65. BORGHIJS, Alain & CUYVERS, Ludo & ROOSENS, Paul & VAN STRAELEN, Robert & KERSTENS, Kristiaan & ENGELEN, Peter-Jan & MARYSSE, Stefaan & MERLEVEDE, Bruno & JEGERS, Marc & DELOOF, Marc & CLUDTS, Stephan , 2000. "Boekbesprekingen: BORGHIJS, Alain: “Why wages don’t fall during a recession (Truman F. BEWLEY, Harvard University Press, 1999)” (p. 269-270); CUYVERS, Ludo: “The Asian financial crisis (Pierre-Richard," Economic and Social Journal (Economisch en Sociaal Tijdschrift), University of Antwerp, Faculty of Business and Economics, vol. 54(4-1), pages 269-286, December-.

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    1. Danilov Yuri, 2016. "The experience of financial markets reforms in the countries – competitors of Russia in the global capital market," Research Paper Series, Gaidar Institute for Economic Policy, issue 171P, pages 156-156.

  66. Kristiaan Kerstens, 1999. "Decomposing Technical Efficiency and Effectiveness of French Urban Transport," Annals of Economics and Statistics, GENES, issue 54, pages 129-155.

    Cited by:

    1. Cinzia Daraio & Marco Diana & Flavia Di Costa & Claudio Leporelli & Giorgio Matteucci & Alberto Nastasi, 2014. "Efficiency and effectiveness in the urban public transport sector: a critical review with directions for future research," DIAG Technical Reports 2014-14, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".
    2. KERSTENS , Kristiaan & VANDEN EECKAUT, Philippe, 1998. "Distinguishing technical and scale efficiency on non-convex and convex technologies: theoretical analysis and empirical illustrations," LIDAM Discussion Papers CORE 1998055, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Juraj Nemec & Matúš Grega & Mária Horehájová & Matúš Kubák, 2020. "Efficiency of Public Procurement in the Slovak Health Care [Efektívnosť verejného obstarávania v slovenskom zdravotníctve]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2020(1), pages 27-39.
    4. Samet Güner & Erman Coşkun, 2016. "Determining the best performing benchmarks for transit routes with a multi-objective model: the implementation and a critique of the two-model approach," Public Transport, Springer, vol. 8(2), pages 205-224, September.
    5. Luc Baumstark & Claude Ménard & William Roy & Anne Yvrande-Billon, 2005. "Modes de gestion et efficience des opérateurs dans le secteur des transports urbains de personnes," Post-Print halshs-00103116, HAL.
    6. Philippe Gagnepain & Marc Ivaldi & Catherine Muller-Vibes, 2011. "The Industrial Organization of Competition in Local Bus Services," Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 32, Edward Elgar Publishing.
    7. Obeng, K. & Sakano, R., 2020. "Effects of government regulations and input subsidies on cost efficiency: A decomposition approach," Transport Policy, Elsevier, vol. 91(C), pages 95-107.
    8. Førsund, Finn R., 2017. "Measuring effectiveness of production in the public sector," Omega, Elsevier, vol. 73(C), pages 93-103.
    9. Obeng, K. & Sakano, R., 2008. "Public transit subsidies, output effect and total factor productivity," Research in Transportation Economics, Elsevier, vol. 23(1), pages 85-98, January.
    10. Anne Yvrande‐Billon, 2006. "The Attribution Process Of Delegation Contracts In The French Urban Public Transport Sector: Why Competitive Tendering Is A Myth," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 77(4), pages 453-478, December.
    11. Cuadrado-Ballesteros, Beatriz & García-Sánchez, Isabel-María & Prado-Lorenzo, José-Manuel, 2013. "Effect of modes of public services delivery on the efficiency of local governments: A two-stage approach," Utilities Policy, Elsevier, vol. 26(C), pages 23-35.
    12. William Roy & Anne Yvrande-Billon, 2007. "Ownership, Contractual Practices and Technical Efficiency: The Case of Urban Public Transport in France," Post-Print halshs-00107375, HAL.
    13. Samet Güner & Erman Coşkun, 2019. "Estimating the operational and service efficiency of bus transit routes using a non-radial DEA approach," EURO Journal on Transportation and Logistics, Springer;EURO - The Association of European Operational Research Societies, vol. 8(3), pages 249-268, September.
    14. William Roy, 2004. "Technical Efficiency and Contractual Incentives: the Case of Urban Public Transport in France," Post-Print halshs-00095304, HAL.
    15. Yu, Ming-Miin & Fan, Chih-Ku, 2008. "The effects of privatization on return to the dollar: A case study on technical efficiency, and price distortions of Taiwan's intercity bus services," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(6), pages 935-950, July.
    16. Guillermo Díaz & Vincent Charles, 2016. "Regulatory design and technical efficiency: public transport in France," Journal of Regulatory Economics, Springer, vol. 50(3), pages 328-350, December.
    17. Allen, Albert J. & Fuentes, Porfirio A. & Shaik, Saleem, 2004. "Stochastic Frontier Efficiency Analysis of Agribusiness Trucking Companies," 2004 Annual meeting, August 1-4, Denver, CO 19946, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    18. Obeng, K. & Sakano, R. & Naanwaab, C., 2016. "Understanding overall output efficiency in public transit systems: The roles of input regulations, perceived budget and input subsidies," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 89(C), pages 133-150.
    19. Daraio, Cinzia & Diana, Marco & Di Costa, Flavia & Leporelli, Claudio & Matteucci, Giorgio & Nastasi, Alberto, 2016. "Efficiency and effectiveness in the urban public transport sector: A critical review with directions for future research," European Journal of Operational Research, Elsevier, vol. 248(1), pages 1-20.
    20. Julien Lévêque & William Roy, 2004. "Quelles avancées permettent les techniques de frontière dans la mesure de l'efficience des exploitants de transport urbain ?," Post-Print halshs-00091900, HAL.
    21. William Roy & Anne Yvrande-Billon, 2007. "Ownership, Contractual Practices and Technical Efficiency: The Case of Urban Public Transport in France," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00107375, HAL.

  67. Kristiaan Kerstens & Philippe Vanden Eeckaut, 1999. "A new criterion for technical efficiency measures: non-monotonicity across dimensions axioms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 20(1), pages 45-59.

    Cited by:

    1. Lehmann, Erik & Warning, Susanne, 2002. "Teaching or research? What affects the efficiency of universities," Discussion Papers, Series I 322, University of Konstanz, Department of Economics.
    2. Obeng, K., 2009. "Indirect production function and the output effect of Public transit subsidies," 50th Annual Transportation Research Forum, Portland, Oregon, March 16-18, 2009 207603, Transportation Research Forum.
    3. Lehmann, Erik E. & Warning, Susanne, 2010. "The impact of regional endowment and university characteristics on university efficiency," UO Working Papers 04-10, University of Augsburg, Chair of Management and Organization.
    4. Sylvain Pichetti & David Bardey, 2004. "Estimation de l’efficience des dépenses de santé au niveau départemental par la méthode DEA," Économie et Prévision, Programme National Persée, vol. 166(5), pages 59-69.
    5. Colin Glass, J. & McCallion, Gillian & McKillop, Donal G. & Rasaratnam, Syamarlah & Stringer, Karl S., 2006. "Implications of variant efficiency measures for policy evaluations in UK higher education," Socio-Economic Planning Sciences, Elsevier, vol. 40(2), pages 119-142, June.
    6. McKillop, D. G. & Glass, J. C. & Ferguson, C., 2002. "Investigating the cost performance of UK credit unions using radial and non-radial efficiency measures," Journal of Banking & Finance, Elsevier, vol. 26(8), pages 1563-1591, August.

  68. Kerstens, Kristiaan & Vanden Eeckaut, Philippe, 1999. "Estimating returns to scale using non-parametric deterministic technologies: A new method based on goodness-of-fit," European Journal of Operational Research, Elsevier, vol. 113(1), pages 206-214, February.
    See citations under working paper version above.
  69. Dervaux, Benoît & Kerstens, Kristiaan & Vanden Eeckaut, Philippe, 1998. "Radial and nonradial static efficiency decompositions: a focus on congestion measurement," Transportation Research Part B: Methodological, Elsevier, vol. 32(5), pages 299-312, June.
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  70. VANHOUDT, Patrick & VAN MALDEGEM, Peter & VAN HOOF, Liliane & JEGERS, Marc & WITLOX, Frank & VAN HOOYDONK, Charlotte & KERSTENS, Kristiaan & WILFRIED, Pauwels & KÉSENNE, Stefan & ROOSENS, Paul & DE CE, 1998. "Boekbesprekingen: VANHOUDT, Patrick: “Handbook of population and family economics (Mark R. ROSENZWEIG & Oded STARK, Elsevier Science, 1997)” (p. 609); VAN MALDEGEM, Peter: “Enterprise and social benef," Economic and Social Journal (Economisch en Sociaal Tijdschrift), University of Antwerp, Faculty of Business and Economics, vol. 52(4), pages 609-634, December.

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    1. Vladimir Mau & Konstantin Yanovskiy & O. Vakhromeev, 2007. "Closed Democracy Institutions: an Attempt of Contrastive Analysis," Research Paper Series, Gaidar Institute for Economic Policy, issue 107P.
    2. Gromov, Vladimir (Громов,Владимир) & Malinina, Tatiana (Малинина, Татьяна), 2015. "Directions of Improvement of Russian Tax Legislation in the Part of Taxation of Capital Gains of Assets [Направления Совершенствования Российского Налогового Законодательства В Части Налогообложени," Published Papers mak16, Russian Presidential Academy of National Economy and Public Administration.

  71. Borger, Bruno De & Ferrier, Gary D. & Kerstens, Kristiaan, 1998. "The choice of a technical efficiency measure on the free disposal hull reference technology: A comparison using US banking data," European Journal of Operational Research, Elsevier, vol. 105(3), pages 427-446, March.
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  72. MAES, Ivo & LAGAE, Wim & VAN DE VOORDE, Eddy & VAN BELLE, Jean-Louis & PARYS, Wilfried & BLAUWENS, G. & KERSTENS, Kristiaan & DURINCK, Edward & DE CEUSTER, Marc & JEGERS, Marc & BOGAERT, Ilse & VLOEBE, 1996. "MAES, Ivo: "The future of central banking (Forrest CAPIE, Cambridge University Press, 1994)" (p. 351-352); LAGAE, Wim: "The Polish economy (Ben SLAY, Princeton University Press, 1994)&q," Economic and Social Journal (Economisch en Sociaal Tijdschrift), University of Antwerp, Faculty of Business and Economics, vol. 50(2), pages 351-376, Juni.

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    1. Kirill Rozhkov, 2012. "Segmentation of inhabitants in place marketing: the case of karelian towns," HSE Working papers WP BRP 02/MAN/2012, National Research University Higher School of Economics.

  73. De Borger, Bruno & Kerstens, Kristiaan, 1996. "Cost efficiency of Belgian local governments: A comparative analysis of FDH, DEA, and econometric approaches," Regional Science and Urban Economics, Elsevier, vol. 26(2), pages 145-170, April.
    See citations under working paper version above.
  74. FAUCOMPRET, Erik & MEERSMAN, Hilde & GEERAERT, Emiel & JEGERS, Marc & HENDRICKX, Koen & VAN DE VOORDE, Eddy & NONNEMAN, Walter & ROOSENS, Paul & VANHOUDT, Patrick & KERSTENS, Kristiaan & BLAUWENS, G. , 1996. "FAUCOMPRET, Erik: "Europe's post-war recovery (Barry EICHENGREEN, Cambridge University Press, 1995)" (p. 527); MEERSMAN, Hilde: "Applied econometric time series (Walter ENDERS, John Wil," Economic and Social Journal (Economisch en Sociaal Tijdschrift), University of Antwerp, Faculty of Business and Economics, vol. 50(3), pages 527-551, September.

    Cited by:

    1. Jonathan Hill, 2012. "Dependence and stochastic limit theory (in Russian)," Quantile, Quantile, issue 10, pages 1-31, December.
    2. Eduardo Rossi, 2010. "Univariate GARCH models: a survey (in Russian)," Quantile, Quantile, issue 8, pages 1-67, July.

  75. Kerstens, K., 1996. "Technical efficiency measurement and explanation of French urban transit companies," Transportation Research Part A: Policy and Practice, Elsevier, vol. 30(6), pages 431-452, November.
    See citations under working paper version above.
  76. De Borger, B & Kerstens, K. & Moesen, W. & Vanneste, J., 1994. "Explaining Differences in Productive Efficiency: An Application to Belgian Municipalities," Public Choice, Springer, vol. 80(3-4), pages 339-358, September.
    See citations under working paper version above.
  77. Bruno de Borger & Kristiaan Kerstens & Wim Moesen & Jacques Vanneste, 1994. "A non-parametric Free Disposal Hull (FDH) approach to technical efficiency: an illustration of radial and graph efficiency measures and some sensitivity results," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 130(IV), pages 647-667, December.

    Cited by:

    1. SCHWARZ, Maik & VAN BELLEGEM, Sébastien & FLORENS, Jean - Pierre, 2010. "Nonparametric frontier estimation from noisy data," LIDAM Discussion Papers CORE 2010050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Tom Puyenbroeck, 1998. "Some Remarks on Modified FDH," Journal of Productivity Analysis, Springer, vol. 9(1), pages 81-94, January.
    3. Bacha Kebede Debela, 2022. "Inter-Organizational Bench-Learning to Respond to Climate Change and Reduce Trade-Offs in Urban Drinking Water Supply: The Case of Grade 2B Municipalities in Oromia National Regional State, Ethiopia," SAGE Open, , vol. 12(3), pages 21582440221, September.
    4. Karbhari, Yusuf & Muye, Ibrahim & Hassan, Ahmad Fahmi S. & Elnahass, Marwa, 2018. "Governance mechanisms and efficiency: Evidence from an alternative insurance (Takaful) market," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 56(C), pages 71-92.
    5. Jean-François Brun & Constantin Thierry Compaore, 2021. "Public Expenditures Efficiency On Education Distribution in Developing Countries," Working Papers hal-03116615, HAL.
    6. Jugal Mahabir, 2014. "Quantifying Inefficient Expenditure in Local Government: A Free Disposable Hull Analysis of a Sample of South African Municipalities," South African Journal of Economics, Economic Society of South Africa, vol. 82(4), pages 493-517, December.
    7. Nuria Bosch Roca & Francisco Pedraja & Javier Suarez Pandiello, 1999. "Measuring the efficiency in spanish municipal refuse collection services," Working Papers in Economics 46, Universitat de Barcelona. Espai de Recerca en Economia.
    8. Jean-François Brun & Constantin Thierry Compaore, 2021. "Public Expenditures Efficiency On Education Distribution in Developing Countries," CERDI Working papers hal-03116615, HAL.
    9. Anne-Kathrin Last & Heike Wetzel, 2009. "Effizienzmessverfahren – eine Einführung," Working Paper Series in Economics 145, University of Lüneburg, Institute of Economics.

  78. DE BORGER, Bruno & KERSTENS, Kristiaan, 1993. "Technische efficiëntie in de gemeentelijke voorzieningen," Economic and Social Journal (Economisch en Sociaal Tijdschrift), University of Antwerp, Faculty of Business and Economics, vol. 47(4), pages 665-690, December.

    Cited by:

    1. Ashworth, John & Heyndels, Bruno, 2000. "A schema-theoretic approach to politicians' definitions of tax issues," Journal of Economic Psychology, Elsevier, vol. 21(1), pages 21-41, February.

  79. Bruno De Borger & K. Kerstens & Wim Moesen & J. Vanneste, 1990. "EffIciency and Equity in Block Grant design simulating some alternatives for Flemish municipalities," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 128, pages 399-421.
    See citations under working paper version above.

Chapters

  1. Walter Briec & Kristiaan Kerstens & Ignace Van de Woestyne, 2022. "Nonconvexity in Production and Cost Functions: An Exploratory and Selective Review," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 18, pages 721-754, Springer.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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