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Definition of allocative efficiency in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is allocative efficiency? Meaning of allocative efficiency as a finance term. What does allocative efficiency mean in finance?
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 requires equality between the value of an additional ton of maize and the value of the off-farm work that would be given up to produce the additional maize, which occurs where the slope of the PPF equals the negative of the ratio of the wage to the unit value of mai...
Income equity is measured but the definition of an optimal distribution of income and the social weights attached to each efficiency and equity objective is not attempted. Because taxation of farmers in the study area is found to be very high, the analysis presumes that water charges will ...
Second, presents the scores for the allocative efficiency to explain whether production factors (resources) are optimally under- or over-allocated by farmers in the irrigation systems under collective farmers management. Table 1. Definition of variables used in the SFA for the production function and...