|
|
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 MatchesSemistrong form efficiencySemistrong form efficiencyA form of pricing efficiency that profits the price of a security fully reflects all public information (including, but not limited to, historical price and trading patterns). Compare weak-form efficiency and strong-form efficiency. 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). Marginal efficiency of capitalMarginal efficiency of capitalThe percentage yield earned on an additional unit of capital. Efficiency locusEfficiency locusThe set of efficient allocations in an Edgeworth production box. It is usually a curve, similar to a contract curve, and in fact is sometimes called that. Allocational efficiencyAllocational efficiencyThe effectiveness with which a market channels capital toward its most productive uses. Further SuggestionsInformational efficiencyRiegle Neal Interstate Banking and Branching Efficiency Act of 1994 Strong form efficiency Engineering efficiency Informational efficiency Economic efficiency Pricing efficiency Technical inefficiency Capital market efficiency Allocative efficiency |
|
|
|