Abstract
The Pareto efficiency principle for production systems stipulates that a given firm in an industry is not relatively efficient in producing its outputs from given inputs, if it can be shown that some other firm or combination of firms can produce more of some outputs without producing less of any other output and without utilizing more of any input. This principle has been extended and widely applied in efficiency analysis by what has been called “data envelopment analysis” (DEA) in management science literature. A vast amount of research has been made for DEA models, a good survey for which is available in Cooper et al. (2004) in the framework of operations research. A good economic survey is available in Sengupta (1995, 2003) and Sengupta and Sahoo (2006).
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© 2012 Springer Science+Business Media New York
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Sengupta, J. (2012). A Pareto Model of Efficiency Dynamics. In: Dynamics of Industry Growth. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-3852-6_2
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DOI: https://doi.org/10.1007/978-1-4614-3852-6_2
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