Mixed-strategy Nash equilibrium in data envelopment analysis

研究成果: Article

6 引文 (Scopus)

摘要

In a typical productivity analysis, the efficiency measure assumes a perfectly competitive market with an endogenous price and depends on a fixed orientation with respect to a specific firm, such as an input-oriented measure. When an imperfectly competitive market affects the endogenous price, however, firms may take a “mixed strategy” approach to address uncertain competition. This study proposes a Mixed Strategy Measure (MSM). We construct a model embedded with a data envelopment analysis (DEA) framework, that identifies the mixed-strategy Nash equilibrium in the first stage and considers a probabilistic and multi-oriented efficiency measure in the second stage. Based on the environmental regulation and a typical Nash measure, we create two indices – environmental consistency and strategic consistency – to support the business roadmap development. We validate the proposed MSM with an empirical study of China's electric power industry. The results find that the proposed MSM complements the Nash measure, and the MSM model successfully supports our two managerial strategies: invest in capacity expansion or develop emission abatement technology.

原文English
頁(從 - 到)1013-1024
頁數12
期刊European Journal of Operational Research
266
發行號3
DOIs
出版狀態Published - 2018 五月 1

指紋

Mixed Strategy
Data envelopment analysis
Data Envelopment Analysis
Nash Equilibrium
Environmental regulations
Industry
Productivity
Capacity Expansion
Mixed strategy
Nash equilibrium
Empirical Study
China
Complement

All Science Journal Classification (ASJC) codes

  • Modelling and Simulation
  • Management Science and Operations Research
  • Information Systems and Management

引用此文

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Mixed-strategy Nash equilibrium in data envelopment analysis. / Lee, Chia-Yen.

於: European Journal of Operational Research, 卷 266, 編號 3, 01.05.2018, p. 1013-1024.

研究成果: Article

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