Non-parametric Measurement of Consumption Efficiency with DEA Framework
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Data Envelopment Analysis (DEA), a representative non-parametric methodology in production economics, is applied in the measurement of consumption efficiency. By considering the direction of the Generalized Axiom of Revealed Preference (GARP), some obstacles in the application of DEA to the consumption area are overcome. Experimental simulation verifies that the DEA efficiency index outperforms Afriat’s efficiency index in both accuracy and credibility.
Abstract
Data Envelopment Analysis (DEA), a representative non-parametric methodology in production economics, is applied in the measurement of consumption efficiency. By considering the direction of the Generalized Axiom of Revealed Preference (GARP), some obstacles in the application of DEA to the consumption area are overcome. Experimental simulation verifies that the DEA efficiency index outperforms Afriat’s efficiency index in both accuracy and credibility.
참고문헌 (16)
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