Our allocative efficiency
indexes are presented in section 4.
Of the two kinds of efficiencies, we can, from the sign of the coefficient of FMAP, infer whether allocative efficiency
is resulting, but as regards technical efficiency, we will only be able to infer its likelihood from the array of rent-seeking activities indulged in by the states.
The average allocative efficiency
of the banks in the sample is 86.
, measured in terms of the number of learning opportunities (inputs) needed to produce 100 contingency behavior (outputs), makes clear the differences in the effects of response-independent and response-contingent stimulation.
standard, despite the fact that allocative efficiency
would be achieved.
Public funding for R&D allows for allocative efficiency
for the initial innovations.
One of our results is that allocative efficiency
is monotonically decreasing in the total amount of corruption in monetary terms.
Although technical efficiency refers to failure to operate on the production frontier, allocative efficiency
generally refers to the failure to meet the marginal conditions for profit maximization.
To make his case for a mixed economy, Kuttner underscores the tensions that exist between allocative efficiency
and two other economic values associated with the names of John Maynard Keynes and Joseph Schumpeter, respectively.
means that, in competitive markets, resources tend to be used by those who value them most highly.
The efficiency question is also addressed here, and Nash argues that aggregate output can be increased by eliminating small firms from the industry because of the enhanced allocative efficiency
resulting from increased output.
1) It is hoped that competition in the industry will promote economic efficiency including: productive efficiency where services are produced at the least possible cost; allocative efficiency
where the services of each firm in the industry are sold in line with costs (strictly speaking marginal costs); and dynamic efficiency which ensures making the best use of resources over time.