A double-frontier approach for measuring market imperfection |
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Authors: | Michel Mouchart Marie Vandresse |
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Institution: | (1) University of Nice Sophia Antipolis, Institut Universitaire de France and OFCE, 250 avenue Albert Einstein, 06560 Valbonne, France;(2) CNRS-GREDEG and OFCE, Valbonne, France |
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Abstract: | This paper proposes a new methodology for evaluating the market imperfection and the bargaining power of each agent acting
on a given market. The new methodology is an extension of DEA to the two frontiers case with respect to a privileged direction.
A particular attention is paid to the treatment of bidirectional free disposability. This model is motivated by the analysis
of survey data consisting of a set of contracts described in the space of price and attributes. |
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Keywords: | |
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