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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 MatchesEfficiencyEfficiencyThe degree and speed with which a market accurately incorporates information into prices. Strong 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. 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. 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 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. Further SuggestionsTechnical inefficiencyEconomic efficiency Allocational efficiency Informational efficiency Engineering efficiency Efficiency Informational efficiency Marginal efficiency of capital Capital market efficiency Efficiency locus Pricing efficiency |
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