|
|
Efficiency |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
EfficiencySee economic efficiency.EfficiencyThe degree and speed with which a market accurately incorporates information into prices.Efficiency Similar MatchesCapital market efficiencyCapital market efficiencyThe degree to which the present asset price accurately reflects current information in the market place. See: Efficient market hypothesis. Allocative efficiencyAllocative efficiencyRefers 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. Engineering efficiencyEngineering efficiencySee economic efficiency. Riegle Neal Interstate Banking and Branching Efficiency Act of 1994Riegle Neal Interstate Banking and Branching Efficiency Act of 1994Law permitting interstate banking in the US X-efficiencyX-efficiencyThe 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). Further SuggestionsStrong form efficiencySemistrong form efficiency Technical inefficiency Efficiency locus Allocational efficiency Economic efficiency Pricing efficiency Informational efficiency Informational efficiency Marginal efficiency of capital |
|
|
|