Publication:
A reasonable benchmarking frontier using DEA : an incentive scheme to improve efficiency in public hospitals

dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorPrior, Diego
dc.contributor.authorSurroca, Jordi
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía de la Empresa
dc.date.accessioned2007-03-08T14:00:42Z
dc.date.available2007-03-08T14:00:42Z
dc.date.issued2007-03
dc.description.abstractThere exists research relating management concepts with productivity measurement methods that offers useful solutions for improving management control in the public sector. Within this sphere, we connect agency theory with efficiency analysis and describe how to define an incentives scheme that can be applied in the public sector to monitor the efficiency and productivity of managers. To fulfill the main objective of this research, we propose an iterative process for determining what we define as a ‘reasonable frontier’, a concept that provides the foundation required to establish the incentive scheme for the managers. Our ‘reasonable frontier’ has the following properties: i) it detects the presence of outliers, ii) it proposes a procedure to establish the influence introduced by extreme observations, and iii) it sorts out the problem of data masking. The proposed method is applied to a sample of hospitals taken from the public network of the Spanish health service. The results obtained confirm the applicability of the proposal made. Summing up, we define and apply a useful method, combining aspects of agency theory and efficiency analysis, which is of interest to those public authorities trying to design effective incentive schemes which influence the decision making of the public managers.
dc.format.extent268729 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.repecwb071105
dc.identifier.urihttps://hdl.handle.net/10016/647
dc.language.isoeng
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working papers. Business Economics
dc.relation.ispartofseries07-05
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEmpresa
dc.subject.otherIncentives
dc.subject.otherAgency theory
dc.subject.otherDEA
dc.subject.otherOutliers detection
dc.subject.otherData masking
dc.titleA reasonable benchmarking frontier using DEA : an incentive scheme to improve efficiency in public hospitals
dc.typeworking paper*
dspace.entity.typePublication
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