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X-efficiency |
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X-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).Similar MatchesStrong form efficiencyStrong form efficiencyA 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. Technical inefficiencyTechnical inefficiencySee X-efficiency. Semistrong 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. Economic efficiencyEconomic efficiencyThe 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. EfficiencyEfficiencySee economic efficiency. Further SuggestionsAllocative efficiencyInformational efficiency Efficiency Allocational efficiency Informational efficiency Riegle Neal Interstate Banking and Branching Efficiency Act of 1994 Pricing efficiency Efficiency locus Capital market efficiency Marginal efficiency of capital Engineering efficiency |
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