These authorities tend to focus more on investor protection than on the
allocational efficiency of the markets they oversee.
The entire scheme of priority sector lending in India is aimed at attaining greater
allocational efficiency, thereby facilitating effective financial intermediation by banks.
We can also examine the allocational efficiency of our markets.
Another aspect of allocational efficiency is the proportion of eligible and ineligible shares held by the unrestricted investors.
Allocational efficiency is reflected in the term [d.sub.t] [greater than or equal to] 1.
Conditional on the relative preset price and the policy instrument, consumption is determined by (22); the relative flexible price is determined by (14); allocational efficiency is determined by (18); and marginal cost is determined by (13) and (22).
When the issue is health insurance or retirement security,
allocational efficiency is really not what's under discussion.
Tertiary education in Austria has been found costly and its
allocational efficiency needs to be improved to cope with a widening gap in skills provided and demanded.
Second, the securities laws have the grand objective of nurturing the
allocational efficiency of securities markets.
Financial markets, therefore, facilitate
allocational efficiency. Risk-allocation mechanisms supported by well-functioning financial markets allow for diversification, hedging insurance and leveraging.
In the first study, the authors find that a computerized double auction performs better than the alternative institutions in terms of
allocational efficiency and speed of price convergence, with the exception of possibly superior performance by a recontracting version of the clearinghouse institution.
Allocational efficiency depends in part on the relative bargaining strengths of the participants.