The purpose of this paper is to generalize the Farrell indexes of productive efficiency to nonhomothetic production technologies, and at the same time maintain the cost interpretation of the Farrell measures. Since the generalized indexes rely heavily on recent developments in the estimation of frontier cost and production functions, several frontier models are reviewed. In addition to generalized indexes of technical, allocative, and overall productive efficiency, a variety of single-factor efficiency measures are discussed. The applicability of the proposed efficiency measures is illustrated with a numerical example of electric power generation.

Journal Article Summing up on the Australian case for Protection: Comment Get access Gary J. Manger Gary J. Manger University of New South Wales Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 96, Issue 1, February 1981, Pages 161–167, https://doi.org/10.2307/2936146 Published: 01 February 1981

Journal Article Monetary Policy in an Inside-Money, Open Economy: Reply Get access Donald J. Mathieson Donald J. Mathieson International Monetary Fund Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 96, Issue 2, May 1981, Pages 357–361, https://doi.org/10.2307/1882396 Published: 01 May 1981

Cheng-Few Lee, J. Kenton Zumwalt, Associations Between Alternative Accounting Profitability Measures and Security Returns, The Journal of Financial and Quantitative Analysis, Vol. 16, No. 1 (Mar., 1981), pp. 71-93

Edward J. Joyce, Robert Libby, Some Accounting Implications of "Behavioral Decision Theory: Processes of Judgment and Choice", Journal of Accounting Research, Vol. 19, No. 2 (Autumn, 1981), pp. 544-550

Louis J. Billera, David C. Heath, Robert E. Verrecchia, A Unique Procedure for Allocating Common Costs from a Production Process, Journal of Accounting Research, Vol. 19, No. 1 (Spring, 1981), pp. 185-196

Richard E. Kihlstrom, Leonard J. Mirman; Constant, Increasing and Decreasing Risk Aversion with Many Commodities, The Review of Economic Studies, Volume 48, Iss

Journal Article A Note on Pasinetti's “Ricardian System” Get access P. J. Eygelshoven, P. J. Eygelshoven University of Groningen Search for other works by this author on: Oxford Academic Google Scholar S. K. Kuipers S. K. Kuipers University of Groningen Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 1, January 1981, Pages 185–186, https://doi.org/10.2307/2297132 Published: 01 January 1981 Article history Received: 01 October 1979 Accepted: 01 May 1980 Published: 01 January 1981

[Cournot-Nash models of free entry into industries with large fixed costs yields equilibria with only a few operating firms, and each firm has some monopoly power. I consider a model where each firm's strategy is a function q(P) which specifies how much it will supply at each price. Unlike in Cournot models, the competitive equilibrium (where it exists) is always a Nash equilibrium in supply function strategies, and under weak assumptions it is the only equilibrium. This permits a Nash equilibrium model of the threat of entry as a deterrent to the exercise of monopoly power by operating firms.]