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Applied Economics Letters Volume 4, 1997 - Issue 2
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Original Articles

Stochastic efficiency measurement: a new approach

Jati K. Sengupta University of California, Santa Barbara, California, USA
Pages 125-128 | Received 11 Nov 1995, Published online: 02 Nov 2006
 
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Abstract

A new method of measuring productive efficiency is proposed and empirically applied here, when the input output data are subject to random variations. This method is useful in applications of Farrell efficiency and data envelopment analysis.

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