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This volume brings together leading scholars to make connections between efficiency and a number of diverse areas of current interest to economists. Included are new results concerning aggregation of technical efficiency, sources of productivity growth in U.S. manufacturing, intellectual property rights, and the determinants of successful mergers.
Rolf Färe is Professor of Economics at Oregon State University. He received his Docent in Economics from the University of Lund, Sweden. He did post graduate work under Professor R. W. Shephard at the University of California, Berkeley. He has published in various journals including Econometrica, Economic Theory, and the Journal of Economic Theory.
Shawna Grosskopf is Professor of Economics at Oregon State University. She received her doctoral degree in Economics from Syracuse University. She has published in a variety of journals including the American Economic Review, Journal of Econometrics, Journal of Productivity Analysis, and Economic Theory.
Daniel Primont is Professor of Economics at Southern Illinois University Carbondale. He received his doctoral degree in Economics from the University of California, Santa Barbara. His research includes theoretical work in production and duality theory and both theoretical and empirical work in efficiency measurement. He has published in a variety of journals including the Journal of Economic Theory, Journal of Econometrics, Journal of Productivity Analysis, and Economic Theory.
"Bob Russell has made fundamental contributions to the topics that constitute this volume's title-aggregation, efficiency, and measurement. Although dealing with a wide range of economic phenomenon, including Pareto optimality in overlapping-generations economies, mergers in a principal-agent model, innovations and endogenous growth, and productivity growth in U.S. manufacturing, issues of technical or allocative efficiency feature prominently in all of the contributions to this volume in his honor. The high quality of this collection not only a fitting tribute to Bob Russell, but also a valuable resource for other scholars working on these issues."
John A. Weymark
Professor of Economics
Vanderbilt University
Introduction.- The Pareto-Optima of Finite-Horizon OLG Models.-, Directional Technology Distance Functions: Theory and Applications.- Synergistic Mergers in an Agency Context: An Illustration of the Interaction of the Observability Problem and Synergistic Mergers.- The Le Chatelier Principle in DEA.- Finding Common Ground.- Sources of Manufacturing Productivity Growth: U.S. States 1990-1999.- Elements of General Equilibrium Modeling of Externalities.
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