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Distance Functions in Production Economics

In: Handbook of Production Economics

Author

Listed:
  • Robert G. Chambers

    (University of Maryland)

  • Rolf Färe

    (Oregon State University)

Abstract

This chapter treats distance functions used in production economics and operations research. The economic intuition behind the different notions of distance functions is discussed to set the stage for a more formal analysis. A minimal set of regularity conditions needed to ensure the existence of well-behaved distance functions are presented, distance functions are defined, and the uses of distance functions in a variety of settings are surveyed.

Suggested Citation

  • Robert G. Chambers & Rolf Färe, 2022. "Distance Functions in Production Economics," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 7, pages 295-329, Springer.
    • Handle: RePEc:spr:sprchp:978-981-10-3455-8_14
    DOI: 10.1007/978-981-10-3455-8_14
    as

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