Economic efficiency


 

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Economic efficiency

The extent to which a given set of resources is being allocated across uses or activities in a manner that maximizes whatever value they are intended to produce, such as output, market value, or utility. Contrasts with engineering efficiency, which focuses within a single activity on the output it produces per unit input.



Similar Matches

Allocative efficiency

Allocative efficiency

Refers to whether or not an allocation is efficient. A change from an allocation that is not efficient to one that is may be termed an "increase" in allocative efficiency.


Pricing efficiency

Pricing efficiency

Also called external efficiency; a market characteristic that prices at all times fully reflect all available information that is relevant to the valuation of securities.


X-efficiency

X-efficiency

The ability of a firm to get maximum output from its inputs. Failure to do so, called X-inefficiency or technical inefficiency, may be due to lack of incentives provided by competition. Improvement in X-efficiency is one hypothesized source of gain from trade. Term is due to Leibenstein (1966).


Efficiency

Efficiency

The degree and speed with which a market accurately incorporates information into prices.


Strong form efficiency

Strong form efficiency

A form of pricing efficiency, that posits that the price of a security reflects all information, whether or not it is publicly available. Related: Weak-form efficiency, semi-strong form efficiency.


Further Suggestions

Capital market efficiency
Semistrong form efficiency
Technical inefficiency
Allocational efficiency
Informational efficiency
Efficiency
Informational efficiency
Riegle Neal Interstate Banking and Branching Efficiency Act of 1994
Engineering efficiency
Efficiency locus
Marginal efficiency of capital


 
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