@comment{{This file has been generated by bib2bib 1.98}}
@comment{{Command line: 'C:\Program Files (x86)\Bibtex2html\bib2bib.exe' -oc articles -ob articles.bib -c $type='ARTICLE' referencelistKerstensWWW.bib}}
@article{Blancard2008,
title = {Technology Adoption in {French} Agriculture and the Role of Financial Constraints},
author = {Blancard, St\'{e}phane and Boussemart, Jean-Philippe and Briec, Walter and Kerstens, Kristiaan},
journal = {Bulletin of the University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca, Horticulture},
year = {2008},
number = {2},
pages = {17--29},
volume = {65},
doi = {10.15835/buasvmcn-hort:363},
owner = {Kristiaan Kerstens},
timestamp = {2013.12.04},
url = {../pdf/Blancard_etal-2008BulletinUnivAgricultScVeterinaryMedicine.pdf}
}
@article{Blancard2006,
title = {Short- and Long-Run Credit Constraints in {French} Agriculture: A Directional Distance Function Framework Using Expenditure-Constrained Profit Functions},
author = {Blancard, St\'{e}phane and Boussemart, Jean-Philippe and Briec, Walter and Kerstens, Kristiaan},
journal = {American Journal of Agricultural Economics},
year = {2006},
number = {2},
pages = {351--364},
volume = {88},
abstract = {This empirical application investigates the eventual presence of credit constraints using a panel of French farmers. The credit-constrained profit maximization model proposed by Färe, Grosskopf, and Lee is extended in three ways. First, we rephrase the model in terms of directional distance functions to allow duality with the profit function. Second, we model credit constraints in the short-run and investment constraints in the long-run using short- and long-run profit functions. Third, we lag the expenditure constraint one year to account for the separation between planning and production. We find empirical evidence of credit and investment constraints. Financially unconstrained farmers are larger, perform better, and seem to benefit from a virtuous circle where access to financial markets allows better productive choices.},
doi = {10.1111/j.1467-8276.2006.00863.x},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/Blancard_etal-2006AmJAgricEcon.pdf}
}
@article{Blancard2003,
title = {L'influence des contraintes de financement de court terme sur le profit des exploitations agricoles: Une approche non param\'{e}trique},
author = {Blancard, St\'{e}phane and Boussemart, Jean-Philippe and Kerstens, Kristiaan},
journal = {\'{E}conomie et Pr\'{e}vision},
year = {2003},
number = {159},
pages = {71--81},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Blancard,Boussemart&Kerstens-2003Economie&Prévision.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Blancard,Boussemart&Kerstens-2003Economie&Prévision.pdf}
}
@article{Boussemart2003,
title = {{Luenberger} and {Malmquist} Productivity Indices: Theoretical Comparisons and Empirical Illustration},
author = {Boussemart, Jean-Philippe and Briec, Walter and Kerstens, Kristiaan and Poutineau, Jean-Christophe},
journal = {Bulletin of Economic Research},
year = {2003},
number = {4},
pages = {391--405},
volume = {55},
doi = {10.1111/1467-8586.00183},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\boussemart_etal-2003BulEcRes.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.05.01},
url = {../pdf/Boussemart_etal-2003BulEcRes.pdf}
}
@article{Brandouy2010,
title = {Portfolio Performance Gauging in Discrete Time Using a {Luenberger} Productivity Indicator},
author = {Brandouy, Olivier and Briec, Walter and Kerstens, Kristiaan and Van de Woestyne, Ignace},
journal = {Journal of Banking \& Finance},
year = {2010},
number = {8},
pages = {1899--1910},
volume = {34},
doi = {10.1016/j.jbankfin.2009.12.015},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Brandouy_etal-2010JBankFin.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Brandouy_etal-2010JBankFin.pdf}
}
@article{Brandouy2015,
title = {Frontier-based vs. Traditional Mutual Fund Ratings: A First Backtesting Analysis},
author = {Brandouy, Olivier and Kerstens, Kristiaan and Van de Woestyne, Ignace},
journal = {European Journal of Operational Research},
year = {2015},
number = {1},
pages = {332--342},
volume = {242},
doi = {10.1016/j.ejor.2014.11.010},
owner = {Kristiaan Kerstens},
timestamp = {2014.12.07},
url = {../pdf/Brandouy_etal-2015EJOR.pdf}
}
@article{Brandouy2010a,
title = {Exploring Bi-Criteria versus Multi-Dimensional Lower Partial Moment Portfolio Models},
author = {Brandouy, Olivier and Kerstens, Kristiaan and Van de Woestyne, Ignace},
journal = {International Journal of Technology, Modelling and Management},
year = {2010},
number = {1},
pages = {25--39},
volume = {1},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Brandouy_etal-2010IJTMM with frontcover.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Brandouy_etal-2010IJTMM with frontcover OCR.pdf}
}
@article{Briec2011a,
title = {Directional Measurement of Technical Efficiency of Production: An Axiomatic Approach},
author = {Briec, Walter and Cavaignac, Laurent and Kerstens, Kristiaan},
journal = {Economic Modelling},
year = {2011},
number = {3},
pages = {775--781},
volume = {28},
doi = {10.1016/j.econmod.2010.10.012},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec_etal-2011EconMod - corrected.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Briec_etal-2011EconMod - corrected.pdf}
}
@article{Briec2006,
title = {Temporal Technical and Profit Efficiency Measurement: Definitions, Duality and Aggregation Results},
author = {Briec, Walter and Comes, Christine and Kerstens, Kristiaan},
journal = {International Journal of Production Economics},
year = {2006},
number = {1},
pages = {48--63},
volume = {103},
abstract = {The shortage function, an important tool in production theory, measures potential increases in outputs and decreases in inputs for a given direction g at a given date. To develop a temporal version of technical efficiency measurement, we introduce the concept of a temporal shortage function. This temporal efficiency measure is easily computed using linear programming. We also establish a duality result stating that the temporal profit function and the temporal shortage function are dual to one another. This result has two consequences. First, one can derive a shadow price path via the shadow prices of the temporal shortage function. Second, transposing the classic Farrell inefficiency decomposition, temporal profit efficiency is decomposed into temporal technical and temporal allocative efficiency components. Finally, in line with the recent literature on aggregation over firms, this contribution treats the possibilities and limits of the aggregation of efficiency measures over time.},
doi = {10.1016/j.ijpe.2005.05.016},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec,Comes&Kerstens-2006IJPE.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/Briec,Comes&Kerstens-2006IJPE.pdf}
}
@article{Briec2011,
title = {The {Hicks}-{Moorsteen} Productivity Index Satisfies the Determinateness Axiom},
author = {Briec, Walter and Kerstens, Kristiaan},
journal = {Manchester School},
year = {2011},
number = {4},
pages = {765--775},
volume = {79},
doi = {10.1111/j.1467-9957.2010.02169.x},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec&Kerstens-2011ManchSchool.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.05.22},
url = {../pdf/Briec&Kerstens-2011ManchSchool.pdf}
}
@article{Briec2010,
title = {Portfolio Selection in Multidimensional General and Partial Moment Space},
author = {Briec, Walter and Kerstens, Kristiaan},
journal = {Journal of Economic Dynamics and Control},
year = {2010},
number = {4},
pages = {636--656},
volume = {34},
doi = {10.1016/j.jedc.2009.11.001},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec&Kerstens-2010JEDC-corrected.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Briec&Kerstens-2010JEDC-corrected.pdf}
}
@article{Briec2009,
title = {Multi-Horizon {Markowitz} Portfolio Performance Appraisals: A General Approach},
author = {Briec, Walter and Kerstens, Kristiaan},
journal = {Omega},
year = {2009},
number = {1},
pages = {50--62},
volume = {37},
abstract = {This article extends the analysis of multi-horizon mean-variance portfolio analysis in the Morey and Morey [Mutual fund performance appraisals: a multi-horizon perspective with endogenous benchmarking. Omega 1999;27:241–58] article in several ways. First, instead of either proportionally contracting risk dimensions or proportionally expanding return dimensions, a more general efficiency measure simultaneously attempts to reduce risk and to expand return over all time periods. Second, a duality relation is established between this generalized multi-horizon efficiency measure and an indirect mean-variance utility function, underscoring the natural interpretation of this generalized efficiency measure in terms of investor's preferences. Furthermore, the need to properly apply time discounting in multi-horizon mean-variance portfolio problems is argued for. An empirical illustration based on the original mutual fund data set in Morey and Morey [Mutual fund performance appraisals: a multi-horizon perspective with endogenous benchmarking. Omega 1999;27:241–58] is added to contrast the new and the original approaches.},
doi = {10.1016/j.omega.2006.07.007},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec&Kerstens-2009Omega.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/Briec&Kerstens-2009Omega.pdf}
}
@article{Briec2009a,
title = {The {Luenberger} Productivity Indicator: An Economic Specification Leading to Infeasibilities},
author = {Briec, Walter and Kerstens, Kristiaan},
journal = {Economic Modelling},
year = {2009},
number = {3},
pages = {597--600},
volume = {26},
doi = {10.1016/j.econmod.2009.01.007},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec&Kerstens-2009EconMod.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Briec&Kerstens-2009EconMod.pdf}
}
@article{Briec2009b,
title = {Infeasibilities and Directional Distance Functions with Application to the Determinateness of the {Luenberger} Productivity Indicator},
author = {Briec, Walter and Kerstens, Kristiaan},
journal = {Journal of Optimization Theory and Applications},
year = {2009},
number = {1},
pages = {55--73},
volume = {141},
doi = {10.1007/s10957-008-9503-2},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec&Kerstens-2009JOTA-corrected.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Briec&Kerstens-2009JOTA-corrected.pdf}
}
@article{Briec2006a,
title = {Input, Output and Graph Technical Efficiency Measures on Non-Convex {FDH} Models with Various Scaling Laws: An Integrated Approach Based upon Implicit Enumeration Algorithms},
author = {Briec, Walter and Kerstens, Kristiaan},
journal = {TOP},
year = {2006},
number = {1},
pages = {135--166},
volume = {14},
abstract = {In a recent article, Briec, Kerstens and Vanden Eeckaut (2004) develop a series of nonparametric, deterministic non-convex technologies integrating traditional returns to scale assumptions into the non-convex FDH model. They show, among other things, how the traditional technical input efficiency measure can be analytically derived for these technology specifications. In this paper, we develop a similar approach to calculate output and graph measures of technical efficiency and indicate the general advantage of such solution strategy via enumeration. Furthermore, several analytical formulas are established and some algorithms are proposed relating the three measurement orientations to one another.},
doi = {10.1007/BF02579006},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec&Kerstens-2006TOP.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/Briec&Kerstens-2006TOP.pdf}
}
@article{Briec2004a,
title = {A {Luenberger-Hicks-Moorsteen} Productivity Indicator: Its Relation to the {Hicks-Moorsteen} Productivity Index and the {Luenberger} Productivity Indicator},
author = {Briec, Walter and Kerstens, Kristiaan},
journal = {Economic Theory},
year = {2004},
number = {4},
pages = {925--939},
volume = {23},
doi = {10.1007/s00199-003-0403-2},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec&Kerstens-2004EconTh.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.05.01},
url = {../pdf/Briec&Kerstens-2004EconTh.pdf}
}
@article{Briec2007,
title = {Mean-Variance-Skewness Portfolio Performance Gauging: A General Shortage Function and Dual Approach},
author = {Briec, Walter and Kerstens, Kristiaan and Jokung, Octave},
journal = {Management Science},
year = {2007},
number = {1},
pages = {135--149},
volume = {53},
doi = {10.1287/mnsc.1060.0596},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec,Kerstens&Jokung-2007ManSc.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Briec,Kerstens&Jokung-2007ManSc.pdf}
}
@article{Briec2000,
title = {Returns to Scale on Nonparametric Deterministic Technologies: Simplifying Goodness-of-Fit Methods Using Operations on Technologies},
author = {Briec, Walter and Kerstens, Kristiaan and Leleu, Herv\'{e} and Vanden Eeckaut, Philippe},
journal = {Journal of Productivity Analysis},
year = {2000},
number = {3},
pages = {267--274},
volume = {14},
abstract = {The purpose of this short article is to simplify goodness-of-fit methods to obtain qualitative information about returns to scale for individual observations. Traditional and new goodness-of-fit methods developed for estimating returns to scale on nonparametric deterministic reference technologies are reviewed. Using composition rules for technologies with specific returns to scale assumptions, we show how these goodness-of-fit methods can be simplified in the case of convex technologies (Data Envelopment Analysis (DEA) models).},
doi = {10.1023/A:1026507205581},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec_etal-2000JPA.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/Briec_etal-2000JPA.pdf}
}
@article{Briec2004b,
title = {Single Period {Markowitz} Portfolio Selection, Performance Gauging and Duality: A Variation on the {Luenberger} Shortage Function},
author = {Briec, Walter and Kerstens, Kristiaan and Lesourd, Jean-Baptiste},
journal = {Journal of Optimization Theory and Applications},
year = {2004},
number = {1},
pages = {1--27},
volume = {120},
doi = {10.1023/B:JOTA.0000012730.36740.bb},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec,Kerstens&Lesourd-2004JOTA.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Briec,Kerstens&Lesourd-2004JOTA.pdf}
}
@article{Briec2012,
title = {Exact Relations between Four Definitions of Productivity Indices and Indicators},
author = {Briec, Walter and Kerstens, Kristiaan and Peypoch, Nicolas},
journal = {Bulletin of Economic Research},
year = {2012},
number = {2},
pages = {265--274},
volume = {64},
doi = {10.1111/j.1467-8586.2010.00378.x},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec_etal-2012BER.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Briec_etal-2012BER.pdf}
}
@article{Briec2010a,
title = {Tangency Capacity Notions Based upon the Profit and Cost Functions: A Non-Parametric Approach and a Comparison},
author = {Briec, Walter and Kerstens, Kristiaan and Prior, Diego and Van de Woestyne, Ignace},
journal = {Economic Modelling},
year = {2010},
number = {5},
pages = {1156--1166},
volume = {27},
doi = {10.1016/j.econmod.2010.03.004},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec_etal-2010EconMod-corrected.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Briec_etal-2010EconMod-corrected.pdf}
}
@article{Briec2018,
title = {Hypercongestion in Production Correspondences: An Empirical Exploration},
author = {Briec, W. and Kerstens, K. and Van de Woestyne, I.},
journal = {Applied Economics},
year = {2018},
number = {27},
pages = {2938--2956},
volume = {50},
doi = {10.1080/00036846.2017.1412080},
owner = {Kristiaan Kerstens},
timestamp = {2017.11.29},
url = {../pdf/Briec_etal2018AppliedEcon - Hypercongestion in production correspondences-An empirical exploration.pdf}
}
@article{Briec2016,
title = {Congestion in Production Correspondences},
author = {Briec, W. and Kerstens, K. and Van de Woestyne, I.},
journal = {Journal of Economics},
year = {2016},
number = {1},
pages = {65--90},
volume = {119},
doi = {10.1007/s00712-016-0484-6},
owner = {Kristiaan Kerstens},
timestamp = {2016.04.13},
url = {../pdf/Briec,Kerstens&VandeWoestyne-2016JEcon - Congestion in production correspondences.pdf}
}
@article{Briec2014,
title = {Nonparametric Cost and Revenue Functions under Constant Economies of Scale: An Enumeration Approach for the Single Output or Input Case},
author = {Briec, Walter and Kerstens, Kristiaan and Van de Woestyne, Ignace},
journal = {International Transactions in Operational Research},
year = {2014},
number = {4},
pages = {619--625},
volume = {21},
doi = {10.1111/itor.12074},
owner = {Kristiaan Kerstens},
timestamp = {2013.12.25},
url = {../pdf/Briec_etal-2014ITOR.pdf}
}
@article{Briec2013a,
title = {Portfolio Selection with Skewness: A Comparison of Methods and a Generalized One Fund Result},
author = {Briec, Walter and Kerstens, Kristiaan and Van de Woestyne, Ignace},
journal = {European Journal of Operational Research},
year = {2013},
number = {2},
pages = {412--421},
volume = {230},
abstract = {This contribution compares existing and newly developed techniques for geometrically representing mean-variance-skewness portfolio frontiers based on the rather widely adapted methodology of polynomial goal programming (PGP) on the one hand and the more recent approach based on the shortage function on the other hand. Moreover, we explain the working of these different methodologies in detail and provide graphical illustrations in relation to the goal programming literature in operations research. Inspired by these illustrations, we prove two new results: a formal relation between both approaches and a generalization of the well-known one fund separation theorem from traditional mean-variance portfolio theory.},
doi = {10.1016/j.ejor.2013.04.021},
owner = {Kristiaan Kerstens},
timestamp = {2013.01.03},
url = {../pdf/Briec_etal-2013EJOR.pdf}
}
@article{Briec2006g,
title = {Non-convex Technologies and Cost Functions: Definitions, Duality and Nonparametric Tests of Convexity - Erratum},
author = {Briec, Walter and Kerstens, Kristiaan and Vanden Eeckaut, Philippe},
journal = {Journal of Economics},
year = {2006},
number = {3},
pages = {307--308},
volume = {87},
doi = {10.1007/s00712-003-0620-y},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec,Kerstens&VandenEeckaut-2004JEconomics.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2011.06.30},
url = {../pdf/Briec,Kerstens&VandenEeckaut-2006JEconomics.pdf}
}
@article{Briec2004,
title = {Non-convex Technologies and Cost Functions: Definitions, Duality and Nonparametric Tests of Convexity},
author = {Briec, Walter and Kerstens, Kristiaan and Vanden Eeckaut, Philippe},
journal = {Journal of Economics},
year = {2004},
number = {2},
pages = {155--192},
volume = {81},
doi = {10.1007/s00712-003-0620-y},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Briec,Kerstens&VandenEeckaut-2004JEconomics.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2011.06.30},
url = {../pdf/Briec,Kerstens&VandenEeckaut-2004JEconomics.pdf}
}
@article{Cesaroni2017,
title = {Global and Local Scale Characteristics in Convex and Nonconvex Nonparametric Technologies: A First Empirical Exploration},
author = {Cesaroni, G. and Kerstens, K. and Van de Woestyne, I.},
journal = {European Journal of Operational Research},
year = {2017},
number = {2},
pages = {576--586},
volume = {259},
doi = {10.1016/j.ejor.2016.10.030},
owner = {Kristiaan Kerstens},
timestamp = {2016.10.20},
url = {../pdf/Cesaroni_etal-2017EJOR.pdf}
}
@article{Cesaroni2017a,
title = {Estimating Scale Economies in Non-Convex Production Models},
author = {Cesaroni, G. and Kerstens, K. and Van de Woestyne, I.},
journal = {Journal of the Operational Research Society},
year = {2017},
number = {11},
pages = {1442--1451},
volume = {68},
doi = {10.1057/s41274-016-0162-7},
owner = {Kristiaan Kerstens},
timestamp = {2016.11.29},
url = {../pdf/Cesaroni_etal-2017JORS.pdf}
}
@article{Cesaroni2017b,
title = {A New Input-Oriented Plant Capacity Notion: Definition and Empirical Comparison},
author = {Cesaroni, G. and Kerstens, K. and Van de Woestyne, I.},
journal = {Pacific Economic Review},
year = {2017},
number = {4},
pages = {720--739},
volume = {22},
doi = {10.1111/1468-0106.12201},
owner = {Kristiaan Kerstens},
timestamp = {2016.09.29},
url = {../pdf/Cesaroni_etal-2017PER.pdf}
}
@article{Chumpitaz2010,
title = {Hedonic Price Function Estimation in Economics and Marketing: Revisiting {Lancaster}'s Issue of ``Noncombinable" Goods},
author = {Chumpitaz, Ruben and Kerstens, Kristiaan and Paparoidamis, Nicholas and Staat, Matthias},
journal = {Annals of Operations Research},
year = {2010},
number = {1},
pages = {145--161},
volume = {173},
doi = {10.1007/s10479-008-0354-x},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Chumpitaz_etal-2010AnnalsOR.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2010.02.15},
url = {../pdf/Chumpitaz_etal-2010AnnalsOR.pdf}
}
@article{Chumpitaz2010a,
title = {Comparing Efficiency Across Markets: An Extension and Critique of the {Zhang} and {Bartels} (1998) Methodology},
author = {Chumpitaz, Ruben and Kerstens, Kristiaan and Paparoidamis, Nicholas and Staat, Matthias},
journal = {European Journal of Operational Research},
year = {2010},
number = {3},
pages = {719--728},
volume = {205},
doi = {10.1016/j.ejor.2010.01.001},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Chumpitaz_etal-2010EJOR.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Chumpitaz_etal-2010EJOR.pdf}
}
@article{Borger1998,
title = {The Choice of a Technical Efficiency Measure on the {Free} {Disposal} {Hull} Reference Technology: A Comparison using {US} Banking Data},
author = {De Borger, Bruno and Ferrier, Gary D. and Kerstens, Kristiaan},
journal = {European Journal of Operational Research},
year = {1998},
number = {3},
pages = {427--446},
volume = {105},
abstract = {This paper evaluates a variety of technical efficiency measures based on a given nonparametric reference technology, the free disposal hull (FDH). Specifically, we consider the radial measure of Debreu (1951)/Farrell (1957) and the nonradial measures of Färe (1975), Färe and Lovell (1978) and Zieschang (1984). Furthermore, input-based, output-based, and graph efficiency versions of these four measures are computed. Theoretical consideration as to the best choice among these alternative measures is inconclusive; therefore, we examine this problem from an empirical viewpoint. Calculating thirteen different measures of technical efficiency for a sample of US banks, we compare the measures' efficiency distributions and rankings, paying particular attention to how well the radial measure approximates its nonradial alternatives.},
doi = {10.1016/S0377-2217(97)00080-5},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger,Ferrier&Kerstens-1998EJOR.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/DeBorger,Ferrier&Kerstens-1998EJOR OCR.pdf}
}
@article{Borger2000,
title = {The {Malmquist} Productivity Index and Plant Capacity Utilization},
author = {De Borger, Bruno and Kerstens, Kristiaan},
journal = {Scandinavian Journal of Economics},
year = {2000},
number = {2},
pages = {303--310},
volume = {102},
abstract = {A new decomposition of the Malmquist productivity index is proposed to account for changes in plant capacity utilization. Using a primal, non-parametric specification of technology, the Malmquist index is decomposed into technical efficiency change, variations in plant capacity utilization and frontier shifts. It provides an alternative to the available methods of incorporating capacity utilization changes into measures of productivity change. Such measures are based on parametric (and, in many cases, dual) technology specifications; moreover, they typically do not allow for technical inefficiency.},
doi = {10.1111/1467-9442.00201},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger&Kerstens-2000SJE.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/DeBorger&Kerstens-2000SJE.pdf}
}
@article{Borger1996,
title = {Radial and Nonradial Measures of Technical Efficiency: An Empirical Illustration for {Belgian} Local Governments using an {FDH} Reference Technology},
author = {De Borger, Bruno and Kerstens, Kristiaan},
journal = {Journal of Productivity Analysis},
year = {1996},
number = {1},
pages = {41--62},
volume = {7},
abstract = {This paper serves two purposes. First, we argue that radial efficiency measures are inappropriate for the Free Disposal Hull (FDH) technology, and we provide a comparative analysis of alternative nonradial measures. In particular, using information on Belgian local government expenditures and output indicators we implement various radial and nonradial measures on the FDH reference technology, and we investigate to which extent these efficiency measures imply different distributions and rankings. Second, we analyze the patterns of measured technical efficiency implied by the various indices. Specifically, we investigate whether different measures make any substantial difference for the explanation of the calculated inefficiencies. The empirical results suggest that more important differences in rankings exist between radial and nonradial measures than between different nonradial alternatives; moreover, the radial and nonradial efficiency measures do yield a somewhat different pattern of explanation.},
doi = {10.1007/BF00158476},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger&Kerstens-1996JPA.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/DeBorger&Kerstens-1996JPA.pdf}
}
@article{Borger1996a,
title = {Cost Efficiency of {Belgian} Local Governments: A Comparative Analysis of {FDH}, {DEA}, and Econometric Approaches},
author = {De Borger, Bruno and Kerstens, Kristiaan},
journal = {Regional Science and Urban Economics},
year = {1996},
number = {2},
pages = {145--170},
volume = {26},
abstract = {The efficiency of local governments in Belgium is analyzed using a broad variety of non-parametric and parametric reference technologies. Specifically the indices of cost efficiency are calculated for 5 different reference technologies, 2 non-parametric ones (Free Disposal Hull and variable returns to scale Data Envelopment Analysis) and 3 parametric frontiers (one deterministic and 2 stochastic). The various alternatives are compared in terms of the efficiency-inefficiency dichotomy, the distributions of the different measures are analyzed, and the differences in ranking are considered. In a final stage, the degree to which the calculated inefficiencies can be explained by a common set of explanatory variables is examined.},
doi = {10.1016/0166-0462(95)02127-2},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger&Kerstens-1996RSUE.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/DeBorger&Kerstens-1996RSUE OCR.pdf}
}
@article{DeBorger1995,
title = {Produktiviteit en Effici\"{e}ntie in de {Belgische} Publieke Sector: Situering en Resultaten van Recent Empirisch Onderzoek},
author = {De Borger, Bruno and Kerstens, Kristiaan},
journal = {Tijdschrift voor Economie en Management},
year = {1995},
number = {2},
pages = {101--131},
volume = {40},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger&Kerstens-1995TEM.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/DeBorger&Kerstens-1995TEM.pdf}
}
@article{DeBorger1993,
title = {Technische Effici\"{e}ntie in de Gemeentelijke Voorzieningen},
author = {De Borger, Bruno and Kerstens, Kristiaan},
journal = {Economisch en Sociaal Tijdschrift},
year = {1993},
number = {4},
pages = {665--690},
volume = {47},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger&Kerstens-1993EconSocTijdschrift.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/DeBorger&Kerstens-1993EconSocTijdschrift OCR.pdf}
}
@article{Borger2002,
title = {Public Transit Performance: What Does One Learn From Frontier Studies?},
author = {De Borger, Bruno and Kerstens, Kristiaan and Costa, \'{A}lvaro},
journal = {Transport Reviews},
year = {2002},
pages = {1--38},
volume = {22},
abstract = {This paper provides a comprehensive survey of the literature on production and cost frontiers for public transit operators, and it evaluates the contributions of frontier analysis to the understanding of the performance of the public transport sector. The authors first succinctly contrast best practice (or frontier) and average practice specifications of technology. They also review relevant performance indicators and the methods to measure them. Next, the existing frontier studies measuring urban transit performance are systematically summarized and critically assessed. It is shown that the organization of the market, contract design, the degree and nature of the regulatory regime, and the characteristics of the network being served are all important determinants of ineffi ciency. However, although the frontier literature has substantially contributed to the knowledge of urban transit technologies and the determinants of performance, it is found that many important issues remain unresolved.},
doi = {10.1080/01441640010020313},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger,Kerstens&Costa-2002TrReviews.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/DeBorger,Kerstens&Costa-2002TrReviews.pdf}
}
@article{Borger1994,
title = {Explaining Differences in Productive Efficiency: An Application to {Belgian} Municipalities},
author = {De Borger, Bruno and Kerstens, Kristiaan and Moesen, Wim and Vanneste, Jacques},
journal = {Public Choice},
year = {1994},
number = {3-4},
pages = {339--358},
volume = {80},
abstract = {The purpose of this paper is to measure and explain variations in productive efficiency of municipal governments in Belgium. Technical efficiency is evaluated using a nonparametric method based on the free disposal hull reference technology. The authors first calculate input, output, and graph Farrell efficiency measures for a cross-section of all 589 Belgian municipalities. In a second stage of the analysis, they explain the calculated differences in efficiency in terms of variables related to the structural characteristics of municipalities and to the institutional environment.},
doi = {10.1007/BF01053225},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger_etal-1994PublicChoice.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/DeBorger_etal-1994PublicChoice.pdf}
}
@article{Borger1994a,
title = {A Non-Parametric {Free} {Disposal} {Hull} ({FDH}) Approach to Technical Efficiency: An Illustration of Radial and Graph Efficiency Measures and Some Sensitivity Results},
author = {De Borger, Bruno and Kerstens, Kristiaan and Moesen, Wim and Vanneste, Jacques},
journal = {Swiss Journal of Economics and Statistics},
year = {1994},
number = {4},
pages = {647--667},
volume = {130},
abstract = {The purpose of this paper is to investigate the sensitivity of a recently proposed non-parametric approach to technical efficiency measurement. Using a data set of Belgian municipalities, we analyze the sensitivity of the Free Disposal Hull (FDH) approach with respect to the number of input and output dimensions and with respect to sample size, and we consider the impact of outliers on efficiency scores. We finally investigate the effects of using a variety of alternative (radial) efficiency measures.},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger_etal-1994SwissJEcon&Stat.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2009.05.01},
url = {../pdf/DeBorger_etal-1994SwissJEcon&Stat OCR.pdf}
}
@article{DeBorger1990,
title = {Efficiency and Equity in Block Grant Design: Simulating some Alternatives for {Flemish} Municipalities},
author = {De Borger, Bruno and Kerstens, Kristiaan and Moesen, Wim and Vanneste, Jacques},
journal = {Cahiers \'{E}conomiques de Bruxelles},
year = {1990},
number = {128},
pages = {399--421},
volume = {32},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger_etal-1990CahEconBrux.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/DeBorger_etal-1990CahEcBrux OCR.pdf}
}
@article{DeBorger2012,
title = {Static Efficiency Decompositions and Capacity Utilisation: Integrating Technical and Economic Capacity Notions},
author = {De Borger, Bruno and Kerstens, Kristiaan and Prior, Diego and Van de Woestyne, Ignace},
journal = {Applied Economics},
year = {2012},
number = {31},
pages = {4125--4141},
volume = {44},
doi = {10.1080/00036846.2011.587783},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger_etal-2012AppliedEcon.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/DeBorger_etal-2012AppliedEcon - corrected.pdf}
}
@article{DeBorger2008,
title = {Transit Costs and Cost Efficiency: Bootstrapping Non-Parametric Frontiers},
author = {De Borger, Bruno and Kerstens, Kristiaan and Staat, Matthias},
journal = {Research in Transportation Economics},
year = {2008},
number = {1},
pages = {53--64},
volume = {23},
doi = {10.1016/j.retrec.2008.10.008},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\DeBorger_etal-2008ResearchTranspEcon.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/DeBorger_etal-2008ResearchTranspEcon.pdf}
}
@article{Dervaux1999,
title = {Rationalisation de l'offre de soins en chirurgie: R\'{e}duction des surcapacit\'{e}s et r\'{e}allocation sectorielle},
author = {Dervaux, Beno\^{i}t and Kerstens, Kristiaan and Leleu, Herv\'{e}},
journal = {Revue \'{E}conomique},
year = {1999},
number = {3},
pages = {645--655},
volume = {50},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Dervaux,Kerstens&Leleu-1999RevueEcon.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Dervaux,Kerstens&Leleu-1999RevueEcon OCR.pdf}
}
@article{Dervaux1998,
title = {Radial and Nonradial Static Efficiency Decompositions: A Focus on Congestion Measurement},
author = {Dervaux, Beno\^{i}t and Kerstens, Kristiaan and Vanden Eeckaut, Philippe},
journal = {Transportation Research: Part B: Methodological},
year = {1998},
number = {5},
pages = {299--312},
volume = {32},
doi = {10.1016/S0191-2615(98)00002-2},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Dervaux,Kerstens&VandenEeckaut-1998TRb.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Dervaux,Kerstens&VandenEeckaut-1998TRb.pdf}
}
@article{Epure2011,
title = {Bank Productivity and Performance Groups: A Decomposition Approach Based upon the {Luenberger} Productivity Indicator},
author = {Epure, Mircea and Kerstens, Kristiaan and Prior, Diego},
journal = {European Journal of Operational Research},
year = {2011},
number = {3},
pages = {630--641},
volume = {211},
doi = {10.1016/j.ejor.2011.01.041},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Epure_etal-2011EJOR.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Epure_etal-2011EJOR.pdf}
}
@article{Epure2011a,
title = {Technology-Based Total Factor Productivity and Benchmarking: New Proposals and an Application},
author = {Epure, Mircea and Kerstens, Kristiaan and Prior, Diego},
journal = {Omega},
year = {2011},
number = {6},
pages = {608--619},
volume = {39},
doi = {10.1016/j.omega.2011.01.001},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Epure_etal-2011Omega.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Epure_etal-2011Omega.pdf}
}
@article{Ferrier1994,
title = {Radial and Nonradial Technical Efficiency Measures on a {DEA} Reference Technology: A Comparison using {US} Banking Data},
author = {Ferrier, Gary D. and Kerstens, Kristiaan and Vanden Eeckaut, Philippe},
journal = {Recherches \'{E}conomiques de Louvain},
year = {1994},
number = {4},
pages = {449--479},
volume = {60},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Ferrier,Kerstens&VandenEeckaut-1994REL.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Ferrier,Kerstens&VandenEeckaut-1994REL.pdf}
}
@article{Grifell-Tatje2008,
title = {Incentive Regulation and the Role of Convexity in Benchmarking Electricity Distribution: Economists versus Engineers},
author = {Grifell-Tatj\'{e}, E. and Kerstens, Kristiaan},
journal = {Annals of Public and Cooperative Economics},
year = {2008},
number = {2},
pages = {227--248},
volume = {79},
doi = {10.1111/j.1467-8292.2008.00364.x},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Grifell-Tatjé&Kerstens-2008AnnalsPublic&CoopEcon.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.08.09},
url = {../pdf/Grifell-Tatjé&Kerstens-2008AnnalsPublic&CoopEcon.pdf}
}
@article{Kerstens1999b,
title = {Decomposing Technical Efficiency and Effectiveness of {French} Urban Transport},
author = {Kerstens, Kristiaan},
journal = {Annales d'\'{E}conomie et de Statistique},
year = {1999},
number = {54},
pages = {129--155},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens-1999Ad'Ec&Stat.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Kerstens-1999Ad'Ec&Stat.pdf}
}
@article{Kerstens1996,
title = {Technical Efficiency Measurement and Explanation of {French} Urban Transit Companies},
author = {Kerstens, Kristiaan},
journal = {Transportation Research: Part A: Policy and Practice},
year = {1996},
number = {6},
pages = {431--452},
volume = {30},
doi = {10.1016/0965-8564(96)00006-7},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens-1996TRa.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Kerstens-1996TRa OCR.pdf}
}
@article{Kerstens2012a,
title = {Total Factor Productivity Growth and Convergence in the Petroleum Industry: Empirical Analysis Testing for Convexity},
author = {Kerstens, Kristiaan and Managi, Shunsuke},
journal = {International Journal of Production Economics},
year = {2012},
number = {1},
pages = {196--206},
volume = {139},
doi = {10.1016/j.ijpe.2012.04.008},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens&Managi-2012IntJProdEcon.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.08.09},
url = {../pdf/Kerstens&Managi-2012IntJProdEcon.pdf}
}
@article{Kerstens1993,
title = {The Draft versus an All-Volunteer Force: Issues of Efficiency and Equity in the {Belgian} Draft},
author = {Kerstens, Kristiaan and Meyermans, Eric},
journal = {Defence Economics},
year = {1993},
number = {3},
pages = {271--284},
volume = {4},
doi = {10.1080/10430719308404766},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens&Meyermans-1993DefenceEcon.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Kerstens&Meyermans-1993DefenceEconomics - The draft versus an AVF - Issues of efficiency and equity in the Belgian draft.pdf}
}
@article{Kerstens2012,
title = {Benchmarking Mean-Variance Portfolios Using a Shortage Function: The Choice of Direction Vector Affects Rankings!},
author = {Kerstens, Kristiaan and Mounir, Amine and Van de Woestyne, Ignace},
journal = {Journal of the Operational Research Society},
year = {2012},
number = {9},
pages = {1199--1212},
volume = {63},
doi = {10.1057/jors.2011.140},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens,Mounir&VanDeWoestyne-2012JORS.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.11.05},
url = {../pdf/Kerstens,Mounir&VanDeWoestyne-2012JORS.pdf}
}
@article{Kerstens2011a,
title = {Geometric Representation of the Mean-Variance-Skewness Portfolio Frontier Based upon the Shortage Function},
author = {Kerstens, Kristiaan and Mounir, Amine and Van de Woestyne, Ignace},
journal = {European Journal of Operational Research},
year = {2011},
number = {1},
pages = {81--94},
volume = {210},
doi = {10.1016/j.ejor.2010.09.014},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens,Mounir&VanDeWoestyne-2011EJOR.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.07.12},
url = {../pdf/Kerstens,Mounir&VanDeWoestyne-2011EJOR.pdf}
}
@article{Kerstens2011b,
title = {Non-Parametric Frontier Estimates of Mutual Fund Performance Using {C}- and {L}-Moments: Some Specification Tests},
author = {Kerstens, Kristiaan and Mounir, Amine and Van de Woestyne, Ignace},
journal = {Journal of Banking \& Finance},
year = {2011},
number = {5},
pages = {1190--1201},
volume = {35},
doi = {10.1016/j.jbankfin.2010.09.030},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens_etal-2011JBF - corrected.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2010.08.19},
url = {../pdf/Kerstens_etal-2011JBF - corrected.pdf}
}
@article{Kerstens2018,
title = {Comparing {Luenberger} and {Luenberger-Hicks-Moorsteen} Productivity Indicators: How Well is {Total Factor Productivity} Approximated?},
author = {Kerstens, K. and Shen, Z. and Van de Woestyne, I.},
journal = {International Journal of Production Economics},
year = {2018},
pages = {311--318},
volume = {195},
doi = {10.1016/j.ijpe.2017.10.010},
owner = {Kristiaan Kerstens},
timestamp = {2017.10.09},
url = {../pdf/Kerstens_etal-2018IJPE.pdf}
}
@article{Kerstens2005,
title = {Methodological Reflections on the Short-Run {Johansen} Industry Model in Relation to Capacity Management},
author = {Kerstens, Kristiaan and Squires, Dale and Vestergaard, Niels},
journal = {Marine Resource Economics},
year = {2005},
number = {4},
pages = {425--443},
volume = {20},
doi = {10.1086/mre.20.4.42629486},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens,Squires&Vestergaard-2005MarineResEcon.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Kerstens,Squires&Vestergaard-2005MarineResEcon.pdf}
}
@article{Kerstens2014,
title = {A Note on a Variant of Radial Measure Capable of Dealing with Negative Inputs and Outputs in {DEA}},
author = {Kerstens, Kristiaan and Van de Woestyne, Ignace},
journal = {European Journal of Operational Research},
year = {2014},
number = {1},
pages = {341--342},
volume = {234},
abstract = {AB: The recent contribution by Cheng et al. (2013) presents a variant of the traditional radial input- and output-oriented efficiency measures whereby original values are replaced with absolute values. This comment spells out that this article contains some imprecisions and therefore presents some further results.},
doi = {10.1016/j.ejor.2013.10.067},
owner = {Kristiaan Kerstens},
timestamp = {2013.10.31},
url = {../pdf/Kerstens&VanDeWoestyne-2014EJOR - A note on a variant of radial measure capable of dealing with negative inputs and outputs in DEA.pdf}
}
@article{Kerstens2014a,
title = {Solution Methods for Nonconvex {Free Disposal Hull} Models: A Review and Some Critical Comments},
author = {Kerstens, Kristiaan and Van de Woestyne, Ignace},
journal = {Asia-Pacific Journal of Operational Research},
year = {2014},
number = {1},
pages = {1--13},
volume = {31},
doi = {10.1142/S0217595914500109},
eid = {1450010},
owner = {Kristiaan Kerstens},
timestamp = {2013.08.28},
url = {../pdf/Kerstens&VandeWoestyne-2014APJOR - Solution Methods for Nonconvex FDH Models-Review and Some Critical Comments.pdf}
}
@article{Kerstens2014b,
title = {Comparing {Malmquist} and {Hicks-Moorsteen} Productivity Indices: Exploring the Impact of Unbalanced vs. Balanced Panel Data},
author = {Kerstens, Kristiaan and Van de Woestyne, Ignace},
journal = {European Journal of Operational Research},
year = {2014},
number = {3},
pages = {749--758},
volume = {233},
abstract = {We explore the effect of balancing unbalanced panel data when estimating primal productivity indices using non-parametric frontier estimators. First, we list a series of pseudo-solutions aimed at making an unbalanced panel balanced. Then, we discuss some intermediate solutions (e.g., balancing 2-years by 2 years). Furthermore, we link this problem with a variety of literatures on infeasibilities, statistical inference of non-parametric frontier estimators, and the index theory literature focusing on the dynamics of entry and exit in industries. We then empirically illustrate these issues comparing both Malmquist and Hicks–Moorsteen productivity indices on two data sets. In particular, we test for the differences in distribution when comparing balanced and unbalanced results for a given index and when comparing Malmquist and Hicks–Moorsteen productivity indices for a given type of data set. The latter tests are crucial in answering the question to which extent the Malmquist index can approximate the Hicks–Moorsteen index that has a Total Factor Productivity (TFP) interpretation. Finally, we draw up a list of remaining issues that could benefit from further exploration.},
doi = {10.1016/j.ejor.2013.09.009},
owner = {Kristiaan Kerstens},
timestamp = {2013.11.21},
url = {../pdf/Kerstens&VandeWoestyne-2014EJOR - Comparing Malmquist and Hicks-Moorsteen Productivity Indices-Exploring the Impact of Unbalanced vs. Balanced Panel Data.pdf}
}
@article{Kerstens2011,
title = {Negative Data in {DEA}: A Simple Proportional Distance Function Approach},
author = {Kerstens, Kristiaan and Van de Woestyne, Ignace},
journal = {Journal of the Operational Research Society},
year = {2011},
number = {7},
pages = {1413--1419},
volume = {62},
doi = {10.1057/jors.2010.108},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens&VanDeWoestyne-2011JOperResSoc.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2010.08.19},
url = {../pdf/Kerstens&VanDeWoestyne-2011JORS.pdf}
}
@article{Kerstens1999,
title = {Estimating Returns to Scale Using Nonparametric Deterministic Technologies: A New Method Based on Goodness-of-Fit},
author = {Kerstens, Kristiaan and Vanden Eeckaut, Philippe},
journal = {European Journal of Operational Research},
year = {1999},
number = {1},
pages = {206--214},
volume = {113},
doi = {10.1016/S0377-2217(97)00428-1},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens&VandenEeckaut-1999EJOR.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.08.09},
url = {../pdf/Kerstens&VandenEeckaut-1999EJOR.pdf}
}
@article{Kerstens1999a,
title = {A New Criterion for Technical Efficiency Measures: Non-Monotonicity Across Dimensions Axioms},
author = {Kerstens, Kristiaan and Vanden Eeckaut, Philippe},
journal = {Managerial and Decision Economics},
year = {1999},
number = {1},
pages = {45--59},
volume = {20},
doi = {10.1002/(SICI)1099-1468(199902)20:1<45::AID-MDE912>3.0.CO;2-B},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens&VandenEeckaut-1999ManDecEcon.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Kerstens&VandenEeckaut-1999ManDecEcon.pdf}
}
@article{Kerstens1995,
title = {The Economic Cost of Subsidy-Induced Technical Inefficiency: A Methodological Postscript},
author = {Kerstens, Kristiaan and Vanden Eeckaut, Philippe},
journal = {International Journal of Transport Economics},
year = {1995},
number = {2},
pages = {225--229},
volume = {22},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens&VandenEeckaut-1995IntJTransportEconomics.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Kerstens&VandenEeckaut-1995IntJTransportEconomics OCR.pdf}
}
@article{Kerstens2006,
title = {A Short-Run {Johansen} Industry Model for Common-Pool Resources: Planning a Fisheries' Industrial Capacity to Curb Overfishing},
author = {Kerstens, Kristiaan and Vestergaard, Niels and Squires, Dale},
journal = {European Review of Agricultural Economics},
year = {2006},
number = {3},
pages = {361--389},
volume = {33},
doi = {10.1093/erae/jbl017},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kerstens,Vestergaard&Squires-2006EurRevAgrEcon.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Kerstens,Vestergaard&Squires-2006EurRevAgrEcon.pdf}
}
@article{Kjaersgaard2009,
title = {Ecological Benchmarking to Explore Alternative Fishing Schemes to Protect Endangered Species by Substitution: The {Danish} Demersal Fishery in the {North Sea}},
author = {Kj{\ae}rsgaard, Jens and Vestergaard, Niels and Kerstens, Kristiaan},
journal = {Environmental and Resource Economics},
year = {2009},
number = {4},
pages = {573--590},
volume = {43},
doi = {10.1007/s10640-008-9251-7},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Kjærsgaard,Vestergaard&Kerstens-2009EnvResEcon.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Kjærsgaard,Vestergaard&Kerstens-2009EnvResEcon.pdf}
}
@article{Stefanou2008,
title = {Applied Production Analysis Unveiled in Open Peer Review: Introductory Remarks},
author = {Stefanou, Spiro E. and Kerstens, Kristiaan},
journal = {Journal of Productivity Analysis},
year = {2008},
number = {1},
pages = {1--6},
volume = {30},
doi = {10.1007/s11123-008-0091-9},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Stefanou&Kerstens-2008JPA.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Stefanou&Kerstens-2008JPA.pdf}
}
@article{Briec2018a,
author = {Briec, W. and Kerstens, K. and Prior, D. and Van de Woestyne, I.},
title = {Testing General and Special {F\"{a}re}-{Primont} Indices: A Proposal for Public and Private Sector Synthetic Indices of European Regional Expenditures and Tourism},
journal = {European Journal of Operational Research},
year = {2018},
volume = {271},
number = {2},
pages = {756--768},
doi = {10.1016/j.ejor.2018.05.020},
url = {../pdf/Briec_etal-2018EJOR-Testing general and special Färe-Primont indices.pdf}
}
@article{Sahoo2012,
title = {Returns to Growth in a Non-Parametric {DEA} Approach},
author = {Sahoo, Biresh K. and Kerstens, Kristiaan and Tone, Kaoru},
journal = {International Transactions in Operational Research},
year = {2012},
number = {3},
pages = {463--486},
volume = {19},
doi = {10.1111/j.1475-3995.2012.00841.x},
file = {:C\:\\Users\\Kristiaan Kerstens\\Documents\\reprints\\own_reprints\\Sahoo_etal-2012ITOR - Corrected.pdf:PDF},
owner = {Kristiaan Kerstens},
timestamp = {2012.12.28},
url = {../pdf/Sahoo_etal-2012ITOR - Corrected.pdf}
}
@article{Kerstens2018a,
author = {Kerstens, K. and Van de Woestyne, I.},
title = {Enumeration Algorithms for {FDH} Directional Distance Functions under Different Returns to Scale Assumptions},
journal = {Annals of Operations Research},
year = {2018},
volume = {271},
number = {2},
pages = {1067--1078},
abstract = {Computing directional distance functions for a free disposal hull (FDH) technology in general requires solving nonlinear mixed integer programs. Cherchye et al. (J Product Anal 15(3):201–215, 2001) provide an enumeration algorithm for the FDH directional distance function in case of a variable returns to scale technology. In this contribution, we provide fast enumeration algorithms for the FDH directional distance functions under constant, nonincreasing, and nondecreasing returns to scale assumptions. Consequently, enumeration algorithms are now available for all commonly used returns to scale assumptions.},
doi = {10.1007/s10479-018-2791-5},
owner = {Kristiaan Kerstens},
timestamp = {2018.02.07},
url = {../pdf/Kerstens&VandeWoestyne-2018AnnalsOR.pdf}
}
@article{Kerstens2019,
author = {Kerstens, K. and O'Donnell, C. and Van de Woestyne, I.},
title = {Metatechnology Frontier and Convexity: A Restatement},
journal = {European Journal of Operational Research},
year = {2019},
volume = {275},
number = {2},
pages = {780--792},
doi = {10.1016/j.ejor.2018.11.064},
url = {../pdf/Kerstens_etal-2019EJOR-Metatechnology frontier.pdf}
}
@article{Daraio2019,
author = {Daraio, C. and Kerstens, K. and Nepomuceno, T. and Sickles, R.},
title = {Productivity and Efficiency Analysis Software: An Exploratory Bibliographical Survey of the Options},
journal = {Journal of Economic Surveys},
year = {2019},
volume = {33},
number = {1},
pages = {85--100},
doi = {10.1111/joes.12270},
url = {../pdf/Daraio_etal-2019JEconSurveys.pdf}
}
@article{Kerstens2019a,
author = {Kerstens, K. and Sadeghi, J. and Van de Woestyne, I.},
title = {Plant Capacity and Attainability: Exploration and Remedies},
journal = {Operations Research},
year = {2019},
volume = {67},
number = {4},
pages = {1135--1149},
doi = {10.1287/opre.2018.1811},
url = {../pdf/Kerstens_etal-2019OpRes.pdf}
}
@article{Cesaroni2019,
author = {Cesaroni, G. and Kerstens, K. and Van De Woestyne, I.},
title = {Short-and Long-Run Plant Capacity Notions: Definitions and Comparison},
journal = {European Journal of Operational Research},
year = {2019},
volume = {275},
number = {1},
pages = {387--397},
doi = {10.1016/j.ejor.2018.11.023},
url = {../pdf/Cesaroni_etal-2019EJOR.pdf}
}
@article{Kerstens2019b,
author = {Kerstens, K. and Sadeghi, J. and Van de Woestyne, I.},
title = {Convex and Nonconvex Input-Oriented Technical and Economic Capacity Measures: An Empirical Comparison},
journal = {European Journal of Operational Research},
year = {2019},
volume = {276},
number = {2},
pages = {699--709},
doi = {10.1016/j.ejor.2019.01.014},
url = {../pdf/Kerstens_etal-2019EJOR - Convex and nonconvex input-oriented technical and economic capacity measures.pdf}
}
@article{Daraio2020,
author = {Daraio, C. and Kerstens, K. and Nepomuceno, T. and Sickles, R.},
title = {Empirical Surveys of Frontier Applications: A Meta-Review},
journal = {International Transactions in Operational Research},
year = {2020},
volume = {27},
number = {2},
pages = {709--738},
doi = {10.1111/itor.12649},
url = {../pdf/Daraio_etal-2020ITOR.pdf}
}
@article{Kerstens2019c,
author = {Kerstens, K. and Van de Woestyne, I.},
title = {The Remarkable Incidence of Congestion in Production: A Review, Empirical Illustration, and Research Agenda},
journal = {Data Envelopment Analysis Journal},
year = {2019},
volume = {4},
number = {2},
pages = {109--147},
abstract = {This contribution surveys the existing economic literature measuring congestion using nonparametric specifications of technologies. The focus is on the magnitude and especially the incidence of the congestion detected using traditional radial input-oriented efficiency measures. Furthermore, it shows the limitations of this radial measurement and how alternative measurement schemes may reveal higher amounts of congestion. This is empirically illustrated using a variety of secondary data sets (which guarantees replicability of our results).},
doi = {10.1561/103.00000026},
url = {../pdf/Kerstens&VanDeWoestyne-2019DEAJ.pdf}
}
@article{Briec2020a,
author = {Briec, W. and Cavaignac, L. and Kerstens, K.},
title = {Input Efficiency Measures: A Generalised, Encompassing Formulation},
journal = {Operations Research},
year = {2020},
volume = {68},
number = {6},
pages = {1836--1849},
doi = {10.1287/opre.2019.1963},
url = {../pdf/Briec_etal-2020OpRes.pdf}
}
@article{Kerstens2020,
author = {Kerstens, K. and Sadeghi, J. and Van de Woestyne, I.},
title = {Plant Capacity Notions in a Non-parametric Framework: A Brief Review and New Graph or Non-Oriented Plant Capacities},
journal = {Annals of Operations Research},
year = {2020},
volume = {288},
number = {2},
pages = {837--860},
doi = {10.1007/s10479-019-03485-8},
url = {../pdf/Kerstens,Sadeghi&VanDeWoestyne-2020AnnalsOR - Plant capacity notions in a non-parametric framework.pdf}
}
@article{Jin2020,
author = {Jin, Q. and Kerstens, K. and Van de Woestyne, I.},
title = {Metafrontier Productivity Indices: Questioning the Common Convexification Strategy},
journal = {European Journal of Operational Research},
year = {2020},
volume = {283},
number = {2},
pages = {737--747},
doi = {10.1016/j.ejor.2019.11.019},
url = {../pdf/Jin_etal-2020EJOR - Metafrontier productivity indices.pdf}
}
@article{Kerstens2021,
author = {Kerstens, K. and Shen, Z.},
title = {Using {COVID-19} Mortality to Select Among Hospital Plant Capacity Models: An Exploratory Empirical Application to {Hubei} Province},
journal = {Technological Forecasting and Social Change},
year = {2021},
volume = {166},
pages = {1--10},
doi = {10.1016/j.techfore.2020.120535},
eid = {120535},
url = {../pdf/Kerstens&Shen-2021TFSC.pdf}
}
@article{Kerstens2021a,
author = {Kerstens, K. and Van de Woestyne, I.},
title = {Cost Functions are Nonconvex in the Outputs when the Technology is Nonconvex: Convexification is Not Harmless},
journal = {Annals of Operations Research},
year = {2021},
volume = {305},
number = {1--2},
pages = {81--106},
doi = {10.1007/s10479-021-04069-1},
url = {../pdf/Kerstens&VanDeWoestyne-2021AOR.pdf}
}
@article{Chen2023,
author = {Chen, X. and Kerstens, K.},
title = {Evaluating Horizontal Mergers in {Swedish} District Courts Using Plant Capacity Concepts: With a Focus on Nonconvexity},
journal = {RAIRO - Operations Research},
year = {2023},
volume = {57},
number = {1},
pages = {219--236},
doi = {10.1051/ro/2022205},
url = {../pdf/Chen&Kerstens-2023RAIRO.pdf}
}
@article{Briec2022,
author = {Briec, W. and Dumas, A. and Kerstens, K. and Stenger, A.},
title = {Generalised Commensurability Properties of Efficiency Measures: Implications for Productivity Indicators},
journal = {European Journal of Operational Research},
year = {2022},
volume = {303},
number = {3},
pages = {1481--1492},
doi = {10.1016/j.ejor.2022.03.037},
url = {../pdf/Briec_etal-2022EJOR-Commensurability.pdf}
}
@article{Kerstens2022a,
author = {Kerstens, K. and Sadeghi, J. and Van de Woestyne, I. and Zhang, L.},
title = {Malmquist Productivity Indices and Plant Capacity Utilisation: New Proposals and Empirical Application},
journal = {Annals of Operations Research},
year = {2022},
volume = {315},
number = {1},
pages = {221--250},
doi = {10.1007/s10479-022-04771-8},
url = {../pdf/Kerstens_etal-2022AOR.pdf}
}
@article{Kerstens2022b,
author = {Kerstens, K. and Mazza, P. and Ren, T. and Van de Woestyne, I.},
title = {Multi-Time and Multi-Moment Nonparametric Frontier-Based Fund Rating: Proposal and Buy-and-Hold Backtesting Strategy},
journal = {Omega},
year = {2022},
volume = {113},
pages = {102718},
doi = {10.1016/j.omega.2022.102718},
url = {../pdf/Kerstens_etal-2022Omega.pdf}
}
@article{Balezentis2024,
author = {Bale\v{z}entis, T. and Kerstens, K. and Shen, Z.},
title = {Economic and Environmental Decomposition of {Luenberger-Hicks-Moorsteen} Total Factor Productivity Indicator: Empirical Analysis of {Chinese} Textile Firms with a Focus on Reporting Infeasibilities and Questioning Convexity},
journal = {IEEE Transactions on Engineering Management},
year = {2024},
volume = {71},
pages = {2772-2785},
doi = {10.1109/TEM.2022.3195568},
url = {../pdf/Balezentis_etal-2024IEEETransEngManag.pdf}
}
@article{Kerstens2024,
author = {Kerstens, K. and Sadeghi, J.},
title = {Plant Capacity Notions: Review, New Definitions, and Existence Results at Firm and Industry Levels},
journal = {International Journal of Production Research},
year = {2024},
volume = {62},
number = {3},
pages = {1017--1040},
doi = {10.1080/00207543.2023.2239376},
url = {../pdf/Kerstens&Sadeghi-2024IJPR.pdf}
}
@article{Shen2023,
author = {Shen, Z. and Kerstens, K. and Bale\v{z}entis, T.},
title = {An Environmental {Luenberger-Hicks-Moorsteen} Total Factor Productivity Indicator: Empirical Analysis Considering Undesirable Outputs either as Inputs or Outputs, and Attention for Infeasibilities},
journal = {Annals of Operations Research},
year = {2023},
volume = {forthcoming},
number = {forthcoming},
pages = {forthcoming}
}
@article{Deng2023,
author = {Deng, M. and Bai, G. and Kerstens, K. and Shen, Z.},
title = {Comparing Green Productivity under Convex and Nonconvex Technologies: Which is a Robust Approach Consistent with Energy Structure},
journal = {Managerial and Decision Economics},
year = {2023},
volume = {44},
number = {8},
pages = {4377--4394}
}
@article{Ang2023,
author = {Ang, F. and Kerstens, K. and Sadeghi, J.},
title = {Energy Productivity and Greenhouse Gas Emission Intensity in {Dutch} Dairy Farms: A {Hicks-Moorsteen} By-Production Approach under Nonconvexity and Convexity with Equivalence Results},
journal = {Journal of Agricultural Economics},
year = {2023},
volume = {74},
number = {2},
pages = {492--509},
doi = {10.1111/1477-9552.12511},
url = {../pdf/Ang,Kerstens&Sadeghi-2023JAgricEcon.pdf}
}
@article{Jin2024a,
author = {Jin, Q. and Basso, A. and Funari, S. and Kerstens, K. and {Van de Woestyne}, I.},
title = {Evaluating Different Groups of Mutual Funds Using a Metafrontier Approach: Ethical vs. Non-Ethical Funds},
journal = {European Journal of Operational Research},
year = {2024},
volume = {312},
number = {3},
pages = {1134--1145},
doi = {10.1016/j.ejor.2023.07.019},
url = {../pdf/Jin_etal-2024EJOR.pdf}
}
@article{Kerstens2024a,
author = {Kerstens, K. and Sadeghi, J. and Van de Woestyne, I. and Walden, J.},
title = {Short-Run Johansen Frontier-Based Industry Models: Methodological Refinements and Empirical Illustration on Fisheries},
journal = {Journal of Productivity Analysis},
year = {2024},
volume = {61},
number = {1},
pages = {47--62},
doi = {10.1007/s11123-023-00704-0},
url = {../pdf/Kerstens_etal-2024JPA.pdf}
}
@article{Shen2024,
author = {Shen, Z. and Kerstens, K. and Valdmanis, V. and Wang, S.},
title = {Evaluation and Optimization of Hospital System in {Chinese} Provinces: Does Mortality Matter?},
journal = {RAIRO - Operations Research},
year = {2024},
volume = {58},
number = {1},
pages = {971--987},
doi = {10.1051/ro/2023164},
url = {../pdf/Shen_etal-2024RAIRO.pdf}
}
@article{Chen2024,
author = {Chen, X. and Kerstens, K. and Tsionas, M.},
title = {Does Productivity Change at All in {Swedish} District Courts? Empirical Analysis Focusing on Horizontal Mergers},
journal = {Socio-Economic Planning Sciences},
year = {2024},
volume = {91},
pages = {101787},
doi = {10.1016/j.seps.2023.101787},
url = {../pdf/Chen_etal-2024SEPS.pdf}
}
@article{Jin2024b,
author = {Jin, Q. and Kerstens, K. and Van de Woestyne, I.},
title = {Convex and Nonconvex Nonparametric Frontier-based Classification Methods for Anomaly Detection},
journal = {OR Spectrum},
year = {2024},
volume = {46},
number = {4},
pages = {1213--1239},
doi = {10.1007/s00291-024-00751-5},
url = {../pdf/Jin,Kerstens&VanDeWoestyne-2024ORSpectrum.pdf}
}
@article{Kerstens2024b,
author = {Kerstens, K. and Azadi, M. and Kazemi Matin, R. and Farzipoor Saen, R.},
title = {Double Hedonic Price-Characteristics Frontier Estimation for {IoT} Service Providers in the Industry 5.0 Era: A Nonconvex Perspective Accommodating Ratios},
journal = {European Journal of Operational Research},
year = {2024},
volume = {319},
number = {1},
pages = {222--233},
doi = {10.1016/j.ejor.2024.05.047},
url = {../pdf/Kerstens_etal-2024EJOR.pdf}
}
@article{Ren2024,
author = {Ren, T. and Kerstens, K. and Kumar, S.},
title = {Risk-Aversion versus Risk-Loving Preferences in Nonparametric Frontier-Based Fund Ratings: A Buy-and-Hold Backtesting Strategy},
journal = {European Journal of Operational Research},
year = {2024},
volume = {319},
number = {1},
pages = {332--344},
doi = {10.1016/j.ejor.2024.06.013},
url = {../pdf/Ren,Kerstens&Kumar-2024EJOR.pdf}
}
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