If true, the finding of relatively low levels of resource misallocation implies that the source of poor economic performance in Soviet-type economies must be due to technical inefficiency, slow technological change, and/or production of the wrong mix of outputs....
A method is provided for measuring cost inefficiency due to changes in input mix and failure to produce optimum output which is related to growth in farm size. Statistical results provide support for the hypothesis that education enhances allocative efficiency....
We develop a model of learning-by-doing in human capital formation in the presence of allocative inefficiencies. The inefficiencies are a result of lobbying by firms to establish, or prevent, barriers to the perfectly competitive allocation of factors of production (labor). It is shown that lobby...
The frequency distribution showed that 31% of the tubewell owners, 32% of tubewell shareholders, and 39% of water buyers used groundwater irrigation with some inefficiency. Table 5. Distribution of technical and groundwater use efficiency of the tubewell owners, tubewell shareholders, and water ...