X-Efficiency: Theory, Evidence and Applications

Name: X-Efficiency: Theory, Evidence and Applications
Brand: Springer
SKU: 9780792397687
Price: 581.95 RON
Availability: InStock

Autor: Roger S. Frantz

Limbă:

Legare: Copertă tare

Editura: Springer

Disponibilitate: În depozitul extern în cantități mici

Expediem în 13-18 zile

581.95 lei

Traditional microeconomic theory is concerned with the allocation of scarce resources through the me...

Informații despre carte

Autor

Roger S. Frantz

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

1997

Pagini

167

EAN

9780792397687

ISBN

0792397681

Enbook ID

01398447

Editura

Springer

Greutate

1000

Dimensiuni

155 x 235 x 16

Descriere completă

Traditional microeconomic theory is concerned with the allocation of scarce resources through the mechanism of prices and markets. The efficient allocation of resources by prices and markets is called allocative efficiency. In emphasizing the allocative function of prices and markets, microeconomic theory has ignored the allocation of resources within firms, and instead assumes that firms are always internally (X) efficient, cost minimizers. X-efficiency theory shows that protection from competitive pressures produces not only allocated market-inefficiency, but inefficiency within the firm. This book is the most current, in-depth, and comprehensive review of X-efficiency theory, especially as it relates to regulatory economics and policy. It provides an understanding of X-efficiency by developing the theory, exhibiting empirical evidence, and, finally, reviewing applications of the theory.

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X-Efficiency: Theory, Evidence and Applications

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