Benchmark Selection: An Axiomatic Approach

Hougaard, Jens; Tvede, Mich

doi:10.2139/ssrn.1791724

Abstract

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Benchmark Selection: An Axiomatic Approach

Jens Leth Hougaard

University of Copenhagen - Department of Economics

University of Copenhagen - Department of Economics

February 21, 2001

University of Copenhagen Dept. of Economics Discussion Paper No. 01-06

Abstract:
Within a production theoretic framework, this paper considers an axiomatic approach to benchmark selection. It is shown that two simple and weak axioms: efficiency and comprehensive monotonicity characterize a natural family of benchmarks which typically becomes unique. Further axioms are added in order to obtain a unique selection.

Number of Pages in PDF File: 21

Keywords: Benchmarking, Production Economics, Selection

JEL Classification: C6, D2, L2, M2

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Date posted: March 21, 2011

Suggested Citation

Hougaard, Jens Leth Leth and Tvede, Mich Palle, Benchmark Selection: An Axiomatic Approach (February 21, 2001). University of Copenhagen Dept. of Economics Discussion Paper No. 01-06. Available at SSRN: http://ssrn.com/abstract=1791724 or http://dx.doi.org/10.2139/ssrn.1791724

Contact Information

Jens Leth Hougaard University of Copenhagen - Department of Economics ( email ) Copenhagen University Library Licenssekretariatet Nørre Alle 49 DK-2200 Copenhagen N. Denmark
Mich Palle Tvede (Contact Author) University of Copenhagen - Department of Economics ( email ) Copenhagen University Library Licenssekretariatet Nørre Alle 49 DK-2200 Copenhagen N. Denmark 45 35 32 30 92 (Phone) 45 35 32 30 85 (Fax)

Abstract

Benchmark Selection: An Axiomatic Approach

Jens Leth Hougaard

Mich Tvede

Date posted: March 21, 2011

Suggested Citation

Contact Information

Jens Leth Hougaard

Mich Palle Tvede (Contact Author)