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Rational Inefficiencies

Author

Listed:
  • Bogetoft, Peter
  • Hougaard, Jens Leth

Abstract

In this paper, we suggest that inefficiency may be an indirect, on-the-job compensation to agents in an organization. We show how to use actual production data to reveal the trade-offs between different inefficiencies (slacks). Moreover, we discuss how to use this to improve productivity analysis as well as decision making and incentive provisions in organizations.

Suggested Citation

  • Bogetoft, Peter & Hougaard, Jens Leth, 2001. "Rational Inefficiencies,"Unit of Economics Working Papers 24191, Royal Veterinary and Agricultural University, Food and Resource Economic Institute.
    • Handle:RePEc:ags:rvaewp:24191
    DOI: 10.22004/ag.econ.24191
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    File URL:https://ageconsearch.umn.edu/record/24191/files/ew010014.pdf
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    References listed on IDEAS

    as
    1. Haskel, Jonathan & Sanchis, Amparo, 1995."Privatisation and X-Inefficiency: A Bargaining Approach,"Journal of Industrial Economics, Wiley Blackwell, vol. 43(3), pages 301-321, September.
    2. Varian, Hal R., 1988."Revealed preference with a subset of goods,"Journal of Economic Theory, Elsevier, vol. 46(1), pages 179-185, October.
    3. Bogetoft, Peter, 1995."Incentives and productivity measurements,"International Journal of Production Economics, Elsevier, vol. 39(1-2), pages 67-77, April.
    4. Peter Bogetoft, 1994."Incentive Efficient Production Frontiers: An Agency Perspective on DEA,"Management Science, INFORMS, vol. 40(8), pages 959-968, August.
    5. Lindsay, Cotton M, 1976."A Theory of Government Enterprise,"Journal of Political Economy, University of Chicago Press, vol. 84(5), pages 1061-1077, October.
    6. Hanoch, Giora & Rothschild, Michael, 1972."Testing the Assumptions of Production Theory: A Nonparametric Approach,"Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 256-275, March-Apr.
    7. Stigler, George J, 1976."The Xistence of X-Efficiency,"American Economic Review, American Economic Association, vol. 66(1), pages 213-216, March.
    8. Peter Bogetoft, 1997."DEA-based yardstick competition: The optimality of best practice regulation,"Annals of Operations Research, Springer, vol. 73(0), pages 277-298, October.
    9. Cox, Thomas L & Chavas, Jean-Paul, 1990."A Nonparametric Analysis of Productivity: The Case of U.S. Agriculture,"European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 17(4), pages 449-464.
    10. Merja Halme & Tarja Joro & Pekka Korhonen & Seppo Salo & Jyrki Wallenius, 1999."A Value Efficiency Approach to Incorporating Preference Information in Data Envelopment Analysis,"Management Science, INFORMS, vol. 45(1), pages 103-115, January.
    11. repec:bla:econom:v:39:y:1972:i:155:p:301-08 is not listed on IDEAS
    12. Varian, Hal R., 1990."Goodness-of-fit in optimizing models,"Journal of Econometrics, Elsevier, vol. 46(1-2), pages 125-140.
    13. Fare, Rolf & Grosskopf, Shawna, 1995."Nonparametric tests of regularity, Farrell efficiency, and goodness-of-fit,"Journal of Econometrics, Elsevier, vol. 69(2), pages 415-425, October.
    14. Leibenstein, Harvey & Maital, Shlomo, 1994."The organizational foundations of X-inefficiency: A game-theoretic interpretation of Argyris' model of organizational learning,"Journal of Economic Behavior & Organization, Elsevier, vol. 23(3), pages 251-268, May.
    15. Haskel, Jonathan & Sanchis, Amparo, 2000."A bargaining model of Farrell inefficiency,"International Journal of Industrial Organization, Elsevier, vol. 18(4), pages 539-556, May.
    16. Peter Bogetoft, 2000."DEA and Activity Planning under Asymmetric Information,"Journal of Productivity Analysis, Springer, vol. 13(1), pages 7-48, January.
    17. M. Halme & T. Joro & P. Korhonen & S. Salo & J. Wallenius, 1998. "Value Efficiency Analysis for Incorporating Preference Information in Data Envelopment Analysis,"Working Papers ir98054, International Institute for Applied Systems Analysis.
    Full references (including those not matched with items on IDEAS)

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