IDEAS home Printed from https://ideas.repec.org/h/spr/conchp/978-3-032-21396-9_38.html

Efficiency

Author

Listed:
  • Bruce C. Dieffenbach

    (Independent author)

Abstract

Paralleling the chapter “Weak Efficiency,” an efficiency primal and an efficiency dual obtain a necessary and sufficient condition for efficiency: a vector is efficient if and only if the optimum value is zero. The efficiency primal chooses a vector to maximize the efficiency function on the feasible set. The efficiency dual looks for a positive price to minimize the support to the feasible set. Alternatively, the efficiency dual is equivalent to a Karush-Kuhn-Tucker efficiency dual. The exceptional case applies: a vector is efficient if and only if the Lagrange multiplier is zero. The primal/dual pair leads to a direct proof of the fundamental characterization of vector efficiency, by invoking the Ekeland variational principle.

Suggested Citation

  • Bruce C. Dieffenbach, 2026. "Efficiency," Contributions to Economics,, Springer.
    • Handle: RePEc:spr:conchp:978-3-032-21396-9_38
    DOI: 10.1007/978-3-032-21396-9_38
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:conchp:978-3-032-21396-9_38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.