X-efficiency

 

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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).



Similar Matches

Marginal efficiency of capital

Marginal efficiency of capital

The percentage yield earned on an additional unit of capital.


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.


Capital market efficiency

Capital market efficiency

The degree to which the present asset price accurately reflects current information in the market place. See: Efficient market hypothesis.


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.


Engineering efficiency

Engineering efficiency

See economic efficiency.


Further Suggestions

Efficiency locus
Informational efficiency
Allocational efficiency
Economic efficiency
Efficiency
Semistrong form efficiency
Strong form efficiency
Technical inefficiency
Informational efficiency
Efficiency
Riegle Neal Interstate Banking and Branching Efficiency Act of 1994


 
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