• Corpus ID: 245329763

Distance Functions and Generalized Means: Duality and Taxonomy

  title={Distance Functions and Generalized Means: Duality and Taxonomy},
  author={Walter Briec},
  • W. Briec
  • Published 17 December 2021
  • Economics
This paper defines a new distance function in production theory that generalizes several existing efficiency measures. The new distance function is inspired from the Atkinson inequality index and maximizes the generalized sum of netput expansions until an efficient point is reached. Along this line, many measures of technical efficiency are derived from the maximization of a utility function built on the StoneGeary model. In particular, the directional distance function is expressed from the… 

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