1966•American Economic ReviewRequires access

Allocative efficiency vs. X-Efficiency

Hurvey Leibenstein

Abstract

Examines empirical evidence on allocative efficiency in economics. Comparison of the merit of allocative efficiency with X-efficiency, an unindentified type of efficiency which has motivation as its major element; Analysis of the magnitude and nature of X-efficiency; View that firms and economies do not operate on an outer-bound possibility surface consistent with their resources. (Из Ebsco)

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Key concepts: Allocative efficiency, Economics, Microeconomics, Empirical evidence, Philosophy, Epistemology