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Measuring Arbitrage Opportunities: A Minimum Performance Inefficiency Estimation Technique

^* To whom correspondence should be addressed. E-mail: sanokhin{at}kent.edu.

	Abstract

Entrepreneurs respond to opportunities that come in two basic forms: innovation and arbitrage. This article presents a technique called the minimum performance inefficiency (MPI) estimation method that could be used to estimate arbitrage opportunities. The technique has several advantages over the conceptually similar data envelopment analysis (DEA) and other techniques. The authors validate the technique with a well-known data set and illustrate its use based on secondary data from the publishing industry.

First published on September 21, 2009
Organizational Research Methods 2009, doi:10.1177/1094428109337541


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