Showing papers by "William W. Cooper published in 1986"
TL;DR: In this article, an overall measure of efficiency is also obtained for each DMU from the observed values of its multiple inputs and outputs without requiring uses of a priori weights using parametric forms relating inputs to outputs.
149 citations
TL;DR: In this paper, ordinary least squares and least squares combined with ridge regressions are examined and compared with ordinary goal programming and goal programming combined with constraints on regressand values that admissible statistical estimates must satisfy.
43 citations
TL;DR: In this article, a goal-focusing approach was developed for the detailed quantitative analysis of intergenerational income transfers of a national social security system, which achieves both the trade-off analyses of utility function methods at Pareto-efficient points and due accounting for the effects of multiple objectives.
Abstract: In place of classical utility conceptions, policy discussions for intergenerational transfers of income involve the balancing of several desirable social goals: maintaining or improving the standard of living of (i) the working popuuion, (ii) the retired population, and (iii) maintaining a stable intergenerational transfer system. The new method of goal focusing achieves both the trade-off analyses of utility function methods at Pareto-efficient points and due accounting for the effects of multiple objectives. A goal-focusing approach is herein developed for the detailed quantitative analysis of intergenerational income transfers of a national social security system.
9 citations
01 Dec 1986
TL;DR: In this article, a variety of supposed alternatives and generalizations have been suggested in place of the Cobb-Douglas form for use in production economics, which are shown to be representable in an extended version in which A, alpha and beta are functions of L an K rather than constants.
Abstract: : The Cobb-Douglas function is widely used in production economics in the following form: A = AL sub alpha K sub beta, where alpha and beta along with A are positive constants that relate the inputs L (=Labor) and K (=Capital) to the amount of output Q. A variety of supposed alternatives and generalizations have been suggested in place of the Cobb-Douglas form for use in production economics. These alternatives and generalizations are here shown to be representable in an extended Cobb-Douglas form in which A, alpha and beta are functions of L an K rather than constants. This extension is then formally related to other general forms, such as the minimum discrimination information statistics, and used to explain the successful uses of the Cobb-Douglas function for the empirical applications in many different countries and contexts. Keywords: Production function; Aggregation; Homogenous functions.
5 citations