Notes: The titles of journal articles are linked to the digital object identifier ( DOI). A DOI is guaranteed never to change. The journal names are linked to the journal websites. After the full references, the links to the free working paper versions are provided when available. Please do not hesitate to contact me This email address is being protected from spambots. You need JavaScript enabled to view it. if you have any questions or comments related to my work, or this homepage.




 

Articles in Peer-reviewed Journals

 

Forthcoming

2014


"Best-Practice Benchmarking Using Clustering Methods: Application to Energy Regulation", OMEGA 42(1), 179-188 (with X. Dai).

 

2013

"What is the Best Practice for Benchmark Regulation of Electricity Distribution? Comparison of DEA, SFA and StoNED Methods", Energy Policy 61, 740-750 (with A. Saastamoinen and T. Sipiläinen).


"A More Efficient Algorithm for Convex Nonparametric Least Squares", EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 227(2), 391-400 (with Lee, C.-Y., A.L. Johnson, and E. Moreno-Centeno).


"Intertemporal Efficiency Analysis of Sales Teams of a Bank: Stochastic Semi-Nonparametric Approach", Journal of Banking and Finance 37, 5163-5175 (with J. Eskelinen).


"Stochastic Non-Convex Envelopment of Data: Applying Isotonic Regression to Frontier Estimation", EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 231, 481-491 (with A. Keshvari).


"Modeling cumulative effects of nutrient surpluses in agriculture: A dynamic approach to material balance accounting",  ECOLOGICAL ECONOMICS  90, 159-167 (with N. Kuosmanen).


"Consistent Aggregation of Generalized Sustainable Values from the Firm Level to Sectoral, Regional or Industry Levels", Sustainability 5(4), 1568-1576 (with N. Kuosmanen and T. Sipiläinen)


2012

"Stochastic semi-nonparametric frontier estimation of electricity distribution networks: Application of the StoNED method in the Finnish regulatory model," Energy Economics 34, 2189–2199.


"STOCHASTIC NON-SMOOTH ENVELOPMENT OF DATA: SEMI-PARAMETRIC FRONTIER ESTIMATION SUBJECT TO SHAPE CONSTRAINTS", JOURNAL OF PRODUCTIVITY ANALYSIS 38(1), 11-28 (with M. Kortelainen).


"ONE-STAGE and Two-Stage ESTIMATION OF THE EFFECTS OF Contextual Variables”, EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 220(2), 559–570 (with A.L. Johnson)

 

2011

"ONE-STAGE ESTIMATION OF THE EFFECTS OF OPERATIONAL CONDITIONS AND PRACTICES ON PRODUCTIVE PERFORMANCE: ASYMPTOTICALLY NORMAL AND EFFICIENT, ROOT-N CONSISTENT STONEZD METHOD”, JOURNAL OF PRODUCTIVITY ANALYSIS 36(2): 219-230 (with A.L. Johnson). WORKING PAPER VERSION

 

"Productivity and Education: Some Comments to Bogetoft and Wittrup”, NORDIC ECONOMIC POLICY REVIEW 2: 293-299. WORKING PAPER VERSION

(IN)EFFICIENT ENVIRONMENTAL POLICY WITH INTERACTING POLLUTANTS”, ENVIRONMENTAL AND RESOURCE ECONOMICS 48(4): 629-649 (with M. Laukkanen).WORKING PAPER VERSION

 

 MODELLING WEAK DISPOSABILITY IN DATA ENVELOPMENT ANALYSIS UNDER RELAXED CONVEXITY ASSUMPTIONS”, EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 211(3), 577-585 (with V. Podinovski)

 

" DUALITY OF WEAKLY DISPOSABLE TECHNOLOGY”, OMEGA 39: 504-512 (with R. Kazemi Matin)

 

2010

 

"DATA ENVELOPMENT ANALYSIS AS NONPARAMETRIC LEAST SQUARES REGRESSION”, OPERATIONS RESEARCH 58(1), 149-160 (with A.L. Johnson). WORKING PAPER VERSION

 

"FIRM AND INDUSTRY LEVEL PROFIT EFFICIENCY ANALYSIS USING ABSOLUTE AND UNIFORM SHADOW PRICES", EUROPEAN JOURNAL OF OPERATIONAL RESEARCH202, 584–594 (with M. Kortelainen, T. Sipiläinen, and L. Cherchye). WORKING PAPER VERSION

 

"TECHNICAL AND ECONOMIC EFFICIENCY MEASURES UNDER SHORT RUN PROFIT MAXIMIZING BEHAVIOR", LOUVAIN ECONOMIC REVIEW 76(2), 163-173 (with L. Cherchye and H. Leleu).

 

2009

 

"NEOCLASSICAL VERSUS FRONTIER PRODUCTION MODELS? TESTING FOR THE PRESENCE OF INEFFICIENCIES IN THE REGRESSION RESIDUALS", SCANDINAVIAN JOURNAL OF ECONOMICS 111(2), 317-333 (with M. Fosgerau).

 

"HOW NOT TO MEASURE SUSTAINABLE VALUE (AND HOW ONE MIGHT)?”, ECOLOGICAL ECONOMICS 69, 235–243.

 

" DATA ENVELOPMENT ANALYSIS WITH MISSING DATA", JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY 60, 1767–1774. WORKING PAPER VERSION

 

" EXACT DECOMPOSITION OF THE FISHER IDEAL TOTAL FACTOR PRODUCTIVITY INDEX", JOURNAL OF PRODUCTIVITY ANALYSIS 31(3), 137-150 (with T. Sipiläinen).WORKING PAPER VERSION

 

" WEAK DISPOSABILITY IN NONPARAMETRIC PRODUCTION ANALYSIS: REPLY TO FÄRE AND GROSSKOPF", AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS91(2), 539–545 (with V. Podinovski).

 

" ENVIRONMENTAL COST–BENEFIT ANALYSIS OF ALTERNATIVE TIMING STRATEGIES IN GREENHOUSE GAS ABATEMENT: A DATA ENVELOPMENT ANALYSIS APPROACH”, ECOLOGICAL ECONOMICS 68, 1633–1642 (with N. Bijsterbosch and R. Dellink).

 

" THEORY OF INTEGER-VALUED DATA ENVELOPMENT ANALYSIS UNDER ALTERNATIVE RETURNS TO SCALE AXIOMS”, OMEGA 37, 988-995 (with R. Kazemi Matin)

 

" THEORY OF INTEGER-VALUED DATA ENVELOPMENT ANALYSIS", EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 192, 658–667 (with R. Kazemi Matin).

 

" WHAT EXPLAINS THE WIDENING GAP BETWEEN THE RETAIL AND PRODUCER PRICES OF FOOD?", AGRICULTURAL AND FOOD SCIENCE 18(3-4), 317-331 (with J. Niemi).

 

" ROLE OF BENCHMARK TECHNOLOGY IN SUSTAINABLE VALUE ANALYSIS: AN APPLICATION TO FINNISH DAIRY FARMS”, AGRICULTURAL AND FOOD SCIENCE 18(3-4), 302-316 (with N. Kuosmanen).

 

2008

 

" REPRESENTATION THEOREM FOR CONVEX NONPARAMETRIC LEAST SQUARES"ECONOMETRICS JOURNAL 11, 308-325. WORKING PAPER VERSION

 

2007

 

" NONPARAMETRIC TESTS OF PRODUCTIVE EFFICIENCY WITH ERRORS-IN-VARIABLES", JOURNAL OF ECONOMETRICS 136, 131-162 (with G.T. Post ans S. Scholtes)WORKING PAPER VERSION

 

" VALUING ENVIRONMENTAL FACTORS IN COST-BENEFIT ANALYSIS USING DATA ENVELOPMENT ANALYSIS", ECOLOGICAL ECONOMICS 62(1), 56-65. (with M. Kortelainen). WORKING PAPER VERSION

 

" PERFORMANCE MEASUREMENT AND BEST-PRACTICE BENCHMARKING OF MUTUAL FUNDS: COMBINING STOCHASTIC DOMINANCE CRITERIA WITH DATA ENVELOPMENT ANALYSIS”, JOURNAL OF PRODUCTIVITY ANALYSIS 28(1-2), 71-86.

 

" ECO-EFFICIENCY ANALYSIS OF CONSUMER DURABLES USING ABSOLUTE SHADOW PRICES”, JOURNAL OF PRODUCTIVITY ANALYSIS 28(1-2), 57-69 (with M. Kortelainen). WORKING PAPER VERSION

 

2006

 

" THE LAW OF ONE PRICE IN DATA ENVELOPMENT ANALYSIS: RESTRICTING WEIGHT FLEXIBILITY ACROSS FIRMS", EUROPEAN JOURNAL OF OPERATIONAL RESEARCH170(3), 735-757 (with L. Cherchye and T. Sipiläinen). WORKING PAPER VERSION

 

" SPECIFICATION AND ESTIMATION OF PRODUCTION FUNCTIONS INVOLVING DAMAGE CONTROL INPUTS: A TWO-STAGE, SEMI-PARAMETRIC APPROACH",AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS 88(2), 499-511 (with D. Pemsl and J. Wesseler). WORKING PAPER VERSION

 

" CONSERVATION PAYMENTS UNDER RISK: A STOCHASTIC DOMINANCE APPROACH", AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS 88(1)(with P. Benitez, R. Olschewski and G.C. van Kooten). WORKING PAPER VERSION

 

" HOW TO ATTRIBUTE MARKET LEAKAGE TO CDM PROJECTS", CLIMATE POLICY 5(5) (with F. Vöhringer and R. Dellink). WORKING PAPER VERSION

 

2005

 

" WEAK DISPOSABILITY IN NONPARAMETRIC PRODUCTION ANALYSIS WITH UNDESIRABLE OUTPUTS", AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS 87(4), 1077-1082.

 

" MEASURING ECO-EFFICIENCY OF PRODUCTION WITH DATA ENVELOPMENT ANALYSIS", JOURNAL OF INDUSTRIAL ECOLOGY 9(4), 59-72 (with M. Kortelainen).WORKING PAPER VERSION

 

" MEASUREMENT AND ANALYSIS OF ECO-EFFICIENCY: AN ECONOMIST'S PERSPECTIVE", JOURNAL OF INDUSTRIAL ECOLOGY 9(4), 15-18.

  

2004

 

" EFFICIENT DIVERSIFICATION ACCORDING TO STOCHASTIC DOMINANCE CRITERIA", MANAGEMENT SCIENCE 50(10), 1390-1406. WORKING PAPER VERSION

 

" SHADOW PRICE APPROACH TO TOTAL FACTOR PRODUCTIVITY MEASUREMENT: WITH AN APPLICATION TO FINNISH GRASS-SILAGE PRODUCTION", JOURNAL OF PRODUCTIVITY ANALYSIS 22(1/2), 95-121 (with G.T. Post and T. Sipiläinen). WORKING PAPER VERSION

 

" DOES IGNORING MULTI-DESTINATION TRIPS IN THE TRAVEL COST METHOD CAUSE A SYSTEMATIC DOWNWARD BIAS?", AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS 48(4), 629-651 (with E. Nillesen and J. Wesseler).

  

2003

 

" DUALITY THEORY OF NON-CONVEX TECHNOLOGIES", JOURNAL OF PRODUCTIVITY ANALYSIS 20, 273-304. FREE WORKING PAPER VERSION

 

" MEASURING ECONOMIC EFFICIENCY WITH INCOMPLETE PRICE INFORMATION", EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 144(2), 454-457 (with G.T. Post).

 

2002

  

" NONPARAMETRIC EFFICIENCY ESTIMATION IN STOCHASTIC ENVIRONMENTS", OPERATIONS RESEARCH 50(4), 645-655 (with L. Cherchye and G.T. Post). WORKING PAPER VERSION

 

" NONPARAMETRIC EFFICIENCY ANALYSIS UNDER PRICE UNCERTAINTY: A FIRST-ORDER STOCHASTIC DOMINANCE APPROACH", JOURNAL OF PRODUCTIVITY ANALYSIS 17(3), 183-200 (with G.T. Post). WORKING PAPER VERSION

 

" NON-PARAMETRIC PRODUCTION ANALYSIS IN NON-COMPETITIVE ENVIRONMENTSINTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS 80(3), 279-294 (with L. Cherchye and G.T. Post). WORKING PAPER VERSION

 

" QUADRATIC DATA ENVELOPMENT ANALYSIS", JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY 53(11), 1204-1214 (with G.T. Post). WORKING PAPER VERSION

 

2001

 

" FDH DIRECTIONAL DISTANCE FUNCTIONS: WITH AN APPLICATION TO EUROPEAN COMMERCIAL BANKS", JOURNAL OF PRODUCTIVITY ANALYSIS 15, 201-215 (with L. Cherchye and G.T. Post). WORKING PAPER VERSION

 

" ALTERNATIVE TREATMENTS OF CONGESTION IN DEA", EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 132(1), 75-80 (with L. Cherchye and G.T. Post).

 

" MEASURING ECONOMIC EFFICIENCY WITH INCOMPLETE PRICE INFORMATION: WITH AN APPLICATION TO EUROPEAN COMMERCIAL BANKS", EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 134(1), 43-58 (with G.T. Post). WORKING PAPER VERSION

 

" DEA WITH EFFICIENCY CLASSIFICATION PRESERVING CONDITIONAL CONVEXITY", EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 132(2), 326-342. WORKING PAPER VERSION

 

2000

 

" WHAT IS THE ECONOMIC MEANING OF FDH?", JOURNAL OF PRODUCTIVITY ANALYSIS 13(3), 259-263 (with L. Cherchye and G.T. Post).

WORKING PAPER VERSION

Contributions to Books and Proceedings

 

“Umwelteffiziente Langlebige Konsumgüter“, Ch. 12 (pp. 233-246) in H.H. Bauer, M. Staat, and M. Hammerschmidt (Eds): MARKETINGEFFIZIENZ: MESSUNG UND STEUERUNG MIT DER DEA – KONZEPT UND EINSATZ IN DER PRAXIS, Vahlen Verlag, München, 2006 (with M. Kortelainen).

"BENCHMARKING SUSTAINABLE DEVELOPMENT: A SYNTHETIC META-INDEX APPROACH", Ch. 7 in M. McGillivray and M. Clarke (Eds.): PERSPECTIVES ON HUMAN WELL-BEING, United Nations University Press, 2006 (with L. Cherchye).

 

"STOCHASTIC DOMINANCE PORTFOLIO ANALYSIS OF FORESTRY ASSETS", in J. Wesseler, H.-P. Weikard, and R. Weaver (Eds.): Risk and Uncertainty in Environmental and Resource Economics, Edward Elgar, 2003 (with V.-P. Heikkinen).

 

"ADVERTISING AS A SIGNAL OF QUALITY IN THE POPULAR MUSIC INDUSTRY: A GAME THEORETICAL APPROACH" in Heikkinen, M. and T. Koskinen (Eds.) "Economics of Artists and Arts Policy: Selection of Papers, Research Reports of the Arts Council of Finland, Vol. 22, pp. 217 - 232, 1998 (with J. Viitanen).
Scientific Monographs

 

 

"THE ROLE OF PRODUCTION ASSUMPTIONS IN DATA ENVELOPMENT ANALYSIS", Helsinki School of Economics and Business Administration, Series A - Doctoral Dissertations, 188, 2001.

"Productive Efficiency in the Forest Industry: An International Industry-level Study", University of Joensuu, Master's Thesis, 1996.

Reports in Finnish

 

" INFLAATIOKORJAUS JA SIIHEN SOVELLETTAVAT HINTAINDEKSIT SÄHKÖVERKKOTOIMINNAN VALVONTAMALLISSA ", Sigma-Hat Economics Oy 16.6.2011 (with H. Pursiainen).

 

" KUSTANNUSMUUTTUJAN MÄÄRITTELYN VAIKUTUKSET TEHOKKUUSESTIMOINNIN TULOKSIIN Sigma-Hat Economics Oy 23.12.2010.

 

" SÄHKÖVERKKOTOIMINNAN KUSTANNUSTEHOKKUUDEN ESTIMOINTI STONED-MENETELMÄLLÄ, Sigma-Hat Economics Oy 31.8.2010 (with M. Kortelainen, K. Kultti, H. Pursiainen, A. Saastamoinen & T. Sipiläinen).

 

"MAATALOUSTUEN JA TUOTTAVUUDEN VAIKUTUKSET ELINTARVIKKEIDEN HINTAMARGINAALEIHIN JA HINNANMUODOSTUKSEEN", MTT Kasvu 3 (2009). 47 s. ISBN 978-952-487-245-4 (with J. Niemi & T. Sipiläinen)



Publications in Discussion Paper Series

 

"STOCHASTIC NONPARAMETRIC ENVELOPMENT OF DATA: COMBINING VIRTUES OF SFA AND DEA IN A UNIFIED FRAMEWORK", MTT Discussion Paper No. 3/2006.

 

"DATA ENVELOPMENT ANALYSIS IN ENVIRONMENTAL VALUATION: ENVIRONMENTAL PERFORMANCE, ECO-EFFICIENCY AND COST-BENEFIT ANALYSIS", University of Joensuu, Discussion papers in Economics no. 21; EconWPA working paper at WUSTL, no. 0409004, 2004 (with Mika Kortelainen).

 

"ESTIMATING FEEDBACK EFFECT IN TECHNICAL CHANGE: A FRONTIER APPROACH," WORKING PAPERS 2006.27, FONDAZIONE ENI ENRICO MATTEI (WITH V. OTTO AND E.C. VAN IERLAND).

 

"NEW TOOLS FOR DEALING WITH ERRORS-IN-VARIABLES IN DEA", Katholike Universiteit Leuven, Center for Economic Studies, Discussion Paper Series DPS 00.06, 2000 (with L. Cherchye and G.T. Post).

 

"WHY CONVEXIFY? AN ASSESSMENT OF CONVEXITY AXIOMS IN DEA", Helsinki School of Economics and Business Administration, Working Paper W-270, 2000 (with L. Cherchye and G.T. Post).

 

"ROBUST EFFICIENCY MEASUREMENT: DEALING WITH OUTLIERS IN DATA ENVELOPMENT ANALYSIS", Rotterdam Institute for Business Economic Studies Report 9911, 1999 (with G.T. Post).

 

"DATA ENVELOPMENT ANALYSIS OF NON-CONVEX TECHNOLOGIES: WITH AN APPLICATION TO FINNISH SUPER LEAGUE PESIS PLAYERS", Helsinki School of Economics, Working paper W-224, 1999.

 

"EFFICIENCY OF HOCKEY TEAMS IN NHL", Helsinki School of Economics, MCDM Working paper, March 1998.

 

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