Abstract
It is shown how the Bennet indicator (or ``index'') can be made transitive. This is particular useful for making consistent (profit, cost, price, quantity) comparisons between firms when there are more than two firms and/or more than two periods. The method is given both statistical and economic justifications.
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Fox, K.J. A Method for Transitive and Additive Multilateral Comparisons: A Transitive Bennet Indicator. J Econ 87, 73–87 (2006). https://doi.org/10.1007/s00712-005-0160-8
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DOI: https://doi.org/10.1007/s00712-005-0160-8