X-inefficiency - Revision history

imported>Doug Williamson: Classify page.

2022-04-26T16:24:56Z

Classify page.

← Older revision		Revision as of 16:24, 26 April 2022
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	* [[Agency theory]]		* [[Agency theory]]
	*[[Efficient market]]		*[[Efficient market]]

			[[Category:Commercial_drive_and_organisation]]
			[[Category:Influencing]]
			[[Category:Self_management_and_accountability]]
			[[Category:Working_effectively_with_others]]
			[[Category:Planning_and_projects]]
			[[Category:The_business_context]]
			[[Category:Identify_and_assess_risks]]
			[[Category:Manage_risks]]

imported>Doug Williamson: Layout.

2019-01-09T11:07:40Z

Layout.

← Older revision		Revision as of 11:07, 9 January 2019
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	A term from economics referring to a firm's tendency not to maximise output from its installed equipment, systems, personnel as simple economic theory might suggest. It is often explained by agency costs as managers pursue their own objectives not the interests of shareholders~~, staff extracting rent for themselves, etc~~. But sheer human failing may also be important.		A term from economics referring to a firm's tendency not to maximise output from its installed equipment, systems, or personnel as simple economic theory might suggest.


			It is often explained by agency costs as managers pursue their own objectives not the interests of shareholders. But sheer human failing may also be important.

	X-inefficiency may also be applied by extension to an industry or to a whole regional or national economy.		X-inefficiency may also be applied by extension to an industry or to a whole regional or national economy.
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	==See also==		==See also==
			* [[Agency theory]]
	*[[Efficient market]]		*[[Efficient market]]

imported>Doug Williamson: Add link.

2016-03-28T15:44:17Z

Add link.

← Older revision		Revision as of 15:44, 28 March 2016
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	'''Reference:''' Leibenstein, Harvey ("Allocative Efficiency vs. X-Efficiency", American Economic Review 56(3), June 1996, pp 392–415) is normally taken as the source of the term X-efficiency.		'''Reference:''' Leibenstein, Harvey ("Allocative Efficiency vs. X-Efficiency", American Economic Review 56(3), June 1996, pp 392–415) is normally taken as the source of the term X-efficiency.



			==See also==
			*[[Efficient market]]

imported>Doug Williamson: Minor changes to make to layout clearer

2014-04-16T14:30:26Z

Minor changes to make to layout clearer

← Older revision		Revision as of 14:30, 16 April 2014
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	A term from economics referring to a firm's tendency not to maximise output from its installed equipment, systems, personnel as simple economic theory might suggest. It is often explained by agency costs as managers pursue their own objectives not the interests of shareholders, staff extracting rent for themselves, etc. But sheer human failing may also be important.		A term from economics referring to a firm's tendency not to maximise output from its installed equipment, systems, personnel as simple economic theory might suggest. It is often explained by agency costs as managers pursue their own objectives not the interests of shareholders, staff extracting rent for themselves, etc. But sheer human failing may also be important.

	X-inefficiency may also be applied by extension to an industry or to a whole regional or national ~~etc.~~ economy.		X-inefficiency may also be applied by extension to an industry or to a whole regional or national economy.

	An X-efficient firm may, of course, not be allocatively efficient - producing the "right" outputs using the best mix of inputs to produce them.		An X-efficient firm may, of course, not be allocatively efficient - producing the "right" outputs using the best mix of inputs to produce them.

	Leibenstein, Harvey ("Allocative Efficiency vs. X-Efficiency", American Economic Review 56(3), June 1996, pp 392–415) is normally taken as the source of the term X-efficiency.
			'''Reference:''' Leibenstein, Harvey ("Allocative Efficiency vs. X-Efficiency", American Economic Review 56(3), June 1996, pp 392–415) is normally taken as the source of the term X-efficiency.

imported>John Grout: To supply missing bracket

2013-09-26T08:38:50Z

To supply missing bracket

← Older revision		Revision as of 08:38, 26 September 2013
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	An X-efficient firm may, of course, not be allocatively efficient - producing the "right" outputs using the best mix of inputs to produce them.		An X-efficient firm may, of course, not be allocatively efficient - producing the "right" outputs using the best mix of inputs to produce them.

	Leibenstein, Harvey ("Allocative Efficiency vs. X-Efficiency", American Economic Review 56(3), June 1996, pp 392–415 is normally taken as the source of the term X-efficiency.		Leibenstein, Harvey ("Allocative Efficiency vs. X-Efficiency", American Economic Review 56(3), June 1996, pp 392–415) is normally taken as the source of the term X-efficiency.

imported>Doug Williamson: Spacing in source reference.

2013-09-22T13:53:41Z

Spacing in source reference.

← Older revision		Revision as of 13:53, 22 September 2013
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	An X-efficient firm may, of course, not be allocatively efficient - producing the "right" outputs using the best mix of inputs to produce them.		An X-efficient firm may, of course, not be allocatively efficient - producing the "right" outputs using the best mix of inputs to produce them.

	Leibenstein,Harvey("Allocative Efficiency vs. X-Efficiency", American Economic Review 56(3), June 1996, pp 392–415 is normally taken as the source of the term X-efficiency.		Leibenstein, Harvey ("Allocative Efficiency vs. X-Efficiency", American Economic Review 56(3), June 1996, pp 392–415 is normally taken as the source of the term X-efficiency.

imported>John Grout: To create the entry

2013-09-20T10:27:56Z

To create the entry

New page

A term from economics referring to a firm's tendency not to maximise output from its installed equipment, systems, personnel as simple economic theory might suggest. It is often explained by agency costs as managers pursue their own objectives not the interests of shareholders, staff extracting rent for themselves, etc. But sheer human failing may also be important.

X-inefficiency may also be applied by extension to an industry or to a whole regional or national etc. economy.

An X-efficient firm may, of course, not be allocatively efficient - producing the "right" outputs using the best mix of inputs to produce them.

Leibenstein,Harvey("Allocative Efficiency vs. X-Efficiency", American Economic Review 56(3), June 1996, pp 392–415 is normally taken as the source of the term X-efficiency.