IDEAS home Printed from https://ideas.repec.org/h/spr/lnechp/978-3-031-29583-6_2.html
   My bibliography  Save this book chapter

Production Economics and Economic Efficiency

In: Advanced Mathematical Methods for Economic Efficiency Analysis

Author

Listed:
  • Mónica Meireles

    (Iscte—Instituto Universitário de Lisboa)

Abstract

This introductory chapter focuses on the different efficiency concepts, which are the base for the following chapters, highlighting their special importance. A particular emphasis is devoted to clarifying the main differences between the meanings of efficiency and effectiveness often confused and misunderstood. Exploring the main literature review on efficiency, this chapter addresses the significance and meaning of efficiency. Another concept often confused with efficiency is productivity, which is also clarified and analyzed. Based on the huge importance of assessing and improving the efficiency of producers, as well as comparing it between different producers, it also provides a review of efficiency and productive measures, such as the Malmquist and the Luenberger Productivity Indexes, as well as the DEA and SFA methodologies. In order to better explain the importance and applicability of the efficiency and productivity concepts and methodologies, this chapter also mentions some real-world applications of efficiency measures, for instance, on energy, environment, health, banking, education, and tourism.

Suggested Citation

  • Mónica Meireles, 2023. "Production Economics and Economic Efficiency," Lecture Notes in Economics and Mathematical Systems, in: Pedro Macedo & Victor Moutinho & Mara Madaleno (ed.), Advanced Mathematical Methods for Economic Efficiency Analysis, pages 17-32, Springer.
    • Handle: RePEc:spr:lnechp:978-3-031-29583-6_2
    DOI: 10.1007/978-3-031-29583-6_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:lnechp:978-3-031-29583-6_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.