Dynamic Efficiency and Productivity Measurement

Productivity and economic performance have generated many studies and considerable discussion in economic policy circles. Yet, theoretical and empirical studies focusing on production efficiency have typically ignored the time interdependence of production decisions and the adjustment firms make over time. This book provides a systematic treatment of dynamic decision making and performance measurement.

Elvira Silva is an Associate Professor in Economics at the Faculdade de Economia do Porto, University of Porto, and a member of the research group of the Center in Economics and Finance at the University of Porto (CEF.UP). She serves as the director of the PhD program in Economics at the Faculdade de Economia do Porto. Her research interests include efficiency and productivity measurement and nonparametric modeling.

Spiro E. Stefanou is Professor of Food and Resource Economics at the University of Florida. He is internationally recognized for research focusing on productivity, innovation, and efficiency in the agricultural and food manufacturing sectors in the U.S. and Europe. He holds a part-time appointment as Professor in the Business Economics Group at Wageningen University (Netherlands).

Alfons Oude Lansink is Professor and Head of the Business Economics Group at Wageningen University (Netherlands), Director of the Wageningen School of Social Sciences, and Adjunct Professor at the University of Florida. His research focuses on economic modeling of firm behavior and analysis of technical, economic and environmental performance of farms and agribusiness firms.