Understand what allocative efficiency is and when it occurs. Learn the definition and formula for allocative efficiency, and see examples of...
allocative efficiency in the special case where the mark-up distribution is log-normal. The key differences between both of these papers and our paper are (i) our general definition of allocative efficiency, (ii) how we decompose the effects of trade on allocative efficiency into the cost-...
Allocative Efficiency and Property Rights in Ecological Economics: Why We Need to Distinguish Between Man-Made Capital and Natural ResourcesThis chapter explains why, in economics regarding property rights, we should distinguish between man-made products and natural (nature-made) resources as first ...
Allocative Efficiency:Allocative efficiency means that the particular mix of goods a society produces represents the combination that society most desires. For example- often society has a preference for education. If that society is producing the quantity or level of education that...
Asraul Hoque.Applied Economics . 1988 (10)Asaul Hoque. Farm size and economic-allocative efficiency in Bangladesh agriculture, Applied UK chemicals and allied indus- tries[J].Applied Economics, 1995,27:277-285.Hoque A. Farm Size and Economic-Allocative Efficiency in Bangladesh Agriculture [J]. ...
However, how spatial economies vary by specific locations in a network — for example one route relative to another — have yet to be incorporated in spatial economics literature. Clearly, both productive and allocative efficiency are important for transit policy and planning. But limited ...
S. "A Constructive Critique of the Traditional Definition and Use of the Concept of `The Effect of a Choice on Allocative (Economic) Efficiency': Why the Kaldor-Hicks Test, the Coase Theorem, and Virtually all Law-and-Economics Welfare Arguments are Wrong." University of Illinois Law Review ...
EVOLUTION OF THE METHODOLOGY OF TECHNICAL AND ALLOCATIVE EFFICIENCY STUDIES IN ECONOMICS: A REVIEW OF LITERATURE1R.M.A.K. RathnayakeS.P.P. AmarathungeUniversity of Sri Jayewardenepura, Nugegoda
The literature on Cultural Economics provides us with some examples for the measurement of technical efficiency. However, there are few case studies dedicated to the analysis of allocative efficiency. The aim of this paper is to fill this gap by incorporating a methodology that analyses both ...
MEASURING ALLOCATIVE EFFICIENCY WITH TECHNOLOGICAL UNCERTAINTYNo abstract is available for this item.doi:10.1111/j.1540-6261.1976.tb01914.xClement G KrouseJohn Wiley & Sons, Ltd.The Journal of Finance