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FDH Directional Distance Functions with an Application to European Commercial Banks |
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| Authors: | Cherchye Laurens Kuosmanen Timo Post Thierry |
| Affiliation: | (1) Center for Economic Studies, Catholic University of Leuven, Naamsestraat 69, 3000 Leuven, Belgium;(2) Department of Economics and Management Science, Helsinki School of Economics and Business Administration, P.O. Box 1210, FIN-00101 Helsinki, Finland;(3) Erasmus Research Centre of Management (ERIM) and Department of Finance and Accounting, Erasmus University Rotterdam, P.O. Box 1738, 3000 DR Rotterdam, The Netherlands |
| Abstract: | Weextend Free Disposable Hull (FDH) efficiency analysis towardsthe general directional distance function framework. The profitinterpretation of directional distance functions is extendedto the non-convex FDH technologies. In addition, we derive anefficient enumerative algorithm for computing distance measuresin Free Disposable Hull (FDH) technologies, which applies tothe entire (infinitely large) family of directional distancefunctions. A simple numerical example and an application to Europeancommercial banks illustrate the algorithm. |
| Keywords: | Free Disposable Hull (FDH) Data Envelopment Analysis (DEA) directional distance function enumeration banks |
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