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Axiomatic modeling of fixed proportion technologies
Xun Zhou, Timo Kuosmanen
https://arxiv.org/abs/2404.12462 https://arxiv.org/pdf/2…

Axiomatic modeling of fixed proportion technologies
Understanding input substitution and output transformation possibilities is critical for efficient resource allocation and firm strategy. There are important examples of fixed proportion technologies where certain inputs are non-substitutable and/or certain outputs are non-transformable. However, there is widespread confusion about the appropriate modeling of fixed proportion technologies in data envelopment analysis. We point out and rectify several misconceptions in the existing literature, a…

Axiomatic modeling of fixed proportion technologies
Xun Zhou, Timo Kuosmanen
https://arxiv.org/abs/2404.12462 https://arxiv.org/pdf/2…

Axiomatic modeling of fixed proportion technologies
Understanding input substitution and output transformation possibilities is critical for efficient resource allocation and firm strategy. There are important examples of fixed proportion technologies where certain inputs are non-substitutable and/or certain outputs are non-transformable. However, there is widespread confusion about the appropriate modeling of fixed proportion technologies in data envelopment analysis. We point out and rectify several misconceptions in the existing literature, a…