{"id":25240,"date":"2021-10-13T12:24:34","date_gmt":"2021-10-13T10:24:34","guid":{"rendered":"https:\/\/cio.umh.es\/?p=25240"},"modified":"2022-01-13T12:26:28","modified_gmt":"2022-01-13T11:26:28","slug":"aparicio-j-zofio-j-l-2021-economic-cross-efficiency-omega-100-102374","status":"publish","type":"post","link":"https:\/\/cio.umh.es\/en\/2021\/10\/13\/aparicio-j-zofio-j-l-2021-economic-cross-efficiency-omega-100-102374\/","title":{"rendered":"Aparicio, J., Zof\u00edo, J.L. (2021) \u00abEconomic cross-efficiency\u00bb, Omega, 100, 102374"},"content":{"rendered":"<p class=\"AuthorHeader-module__syvlN margin-size-4-t\"><strong style=\"font-size: 18px\">Juan Aparicio (<em>MHU<\/em>)\u00a0 and Jos\u00e9 Luis Zof\u00edo (Universidad Aut\u00f3noma de Madrid)<\/strong><\/p>\n<p><strong>Abstract: <\/strong>This paper introduces a series of new concepts under the name of Economic Cross-Efficiency, which is rendered operational through Data Envelopment Analysis (DEA) techniques. To achieve this goal, from a theoretical perspective, we connect two key topics in the efficiency literature that have been unrelated until now: economic efficiency and cross-efficiency. In particular, it is shown that, under input (output) homotheticity, the traditional bilateral notion of input (output) cross-efficiency for unit l, when the weights of an alternative counterpart k are used in the evaluation, coincides with the well-known Farrell notion of cost (revenue) efficiency for evaluated unit l when the weights of k are used as market prices. This motivates the introduction of the concept of Farrell Cross-Efficiency (FCE) based upon Farrell&#8217;s notion of cost (revenue) efficiency. One advantage of the FCE is that it is well defined under Variable Returns to Scale (VRS), yielding scores between zero and one in a natural way, and thereby improving upon its standard cross-efficiency counterpart. To complete the analysis we extend the FCE to the notion of Nerlovian cross-inefficiency (NCI), based on the dual relationship between profit inefficiency and the directional distance function. Finally, we illustrate the new models with a recently compiled dataset of European warehouses.<\/p>","protected":false},"excerpt":{"rendered":"<p>Juan Aparicio (Universidad Miguel Hern\u00e1ndez de Elche)\u00a0 and Jos\u00e9 Luis Zof\u00edo (Universidad Aut\u00f3noma de Madrid)<br \/>\nAbstract: This paper introduces a series of new concepts under the name of Economic Cross-Efficiency, which is rendered operational through Data Envelopment Analysis (DEA) techniques. To achieve this goal, from a theoretical perspective, we connect two key topics in the efficiency [&#8230;]<\/p>","protected":false},"author":5675,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[369888],"tags":[],"_links":{"self":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/posts\/25240"}],"collection":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/users\/5675"}],"replies":[{"embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/comments?post=25240"}],"version-history":[{"count":0,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/posts\/25240\/revisions"}],"wp:attachment":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/media?parent=25240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/categories?post=25240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/tags?post=25240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}