Efficiency estimation and duality theory for nonconvex technologies
Article Abstract:
The case of efficiency measures for a not-for-profit organization with sub-units, producing a single output is considered. The firm's goal is to abide by expenditure limitations imposed by a pre-determined budget while maximizing output. Two potential sources of inefficiency in the budgeting process are identified: misallocation of resources by senior management to managers of sub-units (managerial inefficiency), and failure by individual managers to choose optimum output (allovative inefficiency). Overall organizational inefficiency is defined as a product of the two. The analysis extends to the nonconvex environment duality theory.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1993
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Duality in procurement design
Article Abstract:
Finding an optimal mechanism in a standard adverse selection model is equivalent to solving an infinite dimensional linear program. The hybrid mechanism is studied, which contains the features of both auctions and successive take-it-or-leave-it offer.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2004
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Duality Between Direct and Indirect Utility Functions
Article Abstract:
Conditions are derived for the quality of the primal function. Quality may be used in production and consumer theory. Consumer behavior may be expressed through the indirect utility function.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1983
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