Productive Efficiency in the Steam-Electric Generating Industry
Bibliographic Data
| ID | 10173937 |
|---|---|
| Authors | Wesley D Seitz (corresponding author) |
| Year | 1971 |
| Volume | 79 |
| Issue | 4 |
| Pages | 878-886 |
| Publication date | 1971-07-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/259794 |
| OpenAlex | W1980187910 |
| Language | EN |
| Citations received | 3 |
| References cited | 1 |
Linear programming techniques are used to estimate an industry frontier production function. Measures of technical, price, and economic efficiency given scale are calculated. Analyses of these indexes indicate that both neutral and nonneutral economies of scale exist, nonneutral (fuel saving) technological advance has occurred, and plant efficiency is related to the production technique utilized. These results are interpreted to imply that the frontier function and the multidimensional efficiency indexes are reasonable. The possibility is raised that reliance on the fuel conversion ratio as a measure of plant efficiency has resulted in nonoptimum combinations of factors
Data envelopment analysis · Econometrics · Economic efficiency · Economics · Frontier · Function (biology · Linear programming · Mathematical optimization · Measure (data warehouse · Microeconomics · Physics · Production (economics · Scale (ratio · Capital Investment and Risk Analysis · Computer Science · Economic Growth and Productivity · Efficiency Analysis Using DEA · Mathematics
| Citations per year | 0.06 |
|---|---|
| Citation span | 1979 - 2017 (39) |
| Highly cited | No |