X-efficiency : theory, evidence and applications

Roger S. Frantz

Traditional microeconomic theory is concerned with the allocation of scarce resources through the mechanism of prices and markets. The efficient allocation of resources by prices and markets is called allocative efficiency. In emphasizing the allocative function of prices and markets, microeconomic theory has ignored the allocation of resources within firms, and instead assumes that firms are always internally (X) efficient, cost minimizers. X-efficiency theory shows that protection from competitive pressures produces not only allocated market-inefficiency, but inefficiency within the firm. This book is the most current, in-depth, and comprehensive review of X-efficiency theory, especially as it relates to regulatory economics and policy. It provides an understanding of X-efficiency by developing the theory, exhibiting empirical evidence, and, finally, reviewing applications of the theory.

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[目次]

  • List of Figures and Tables. Preface. Foreword to First Edition
  • Harvey Leibenstein. Foreword to Second Edition
  • Mark Perlman. 1. Introduction. 2. Production, Cost, and Welfare: A Review. 3. X-Efficiency: The Intellectual Setting and an Introduction to the Theory. 4. X-Efficiency Theory: 1. 5. X-Efficiency Theory: 2. 6. Empirical Evidence: Regulated Industries. 7. Empirical Evidence: Market Structure and Firm Organization. 8. Empirical Studies: Input Ratios and International Trade. 9. X-Efficiency, Its Critics, and a Reply. 10. Implications and Conclusions. References. Index.

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この本の情報

書名 X-efficiency : theory, evidence and applications
著作者等 Frantz, Roger S.
シリーズ名 Topics in regulatory economics and policy series
出版元 Kluwer Academic Publishers
刊行年月 c1997
版表示 2nd ed
ページ数 xix, 167 p.
大きさ 25 cm
ISBN 0792397681
NCID BA30776255
※クリックでCiNii Booksを表示
言語 英語
出版国 アメリカ合衆国
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