2014
DOI: 10.1016/j.seps.2013.12.002
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The economic meaning of Data Envelopment Analysis: A ‘behavioral’ perspective

Abstract: We reconsider the motivation of Data Envelopment Analysis (DEA), the non-parametric technique that is widely employed for analyzing productive efficiency in academia, the private sector and the public sector. We first argue that the conventional engineering motivation of DEA can be problematic since it often builds on unverifiable production axioms. We then provide a dual viewpoint and highlight the 'behavioral' interpretation of DEA models.We start from a specification of the production objectives while impos… Show more

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Cited by 6 publications
(4 citation statements)
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“…The economic meaning of Data Envelopment Analysis (and related techniques) has been discussed in several papers. We refer the interested reader to, amongst others,Cherchye et al (2000) andCherchye et al (2014).3 For more on the comparison between DEA and SFA, see e.g Hjalmarsson et al (1996)…”
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confidence: 99%
“…The economic meaning of Data Envelopment Analysis (and related techniques) has been discussed in several papers. We refer the interested reader to, amongst others,Cherchye et al (2000) andCherchye et al (2014).3 For more on the comparison between DEA and SFA, see e.g Hjalmarsson et al (1996)…”
mentioning
confidence: 99%
“…First, DEA is a nonparametric methodology, meaning that it does not resort to parametric or functional specifications, but rather "lets the data speak for themselves" (Cherchye et al 2013(Cherchye et al , p. 1148). Thus, DEA may be particularly useful when data and/or information is limited for any reason, as it simply compares the reported inputs and outputs of the firm being evaluated to those of other firms operating in a similar environment (Cherchye et al 2014). This is a particularly important advantage in the case of social entrepreneurship, where available data is limited and information on the idiosyncratic relative importance of objectives is scarce.…”
Section: Advantages Of Using Data Envelopment Analysis For Performance Measurement Of Social Enterprisesmentioning
confidence: 99%
“…In 2014, Cherchye et al reconsidered the economic motivation of DEA by highlighting its behavioral interpretation [26].…”
Section: Theoretical Approach Of Dea Modelmentioning
confidence: 99%
“…Local Source: data retrieved from the National Institute of Statistics of Romania [26] and processed by the authors.…”
Section: Lpasmentioning
confidence: 99%