The spatial scope--which may range from a housing block to a neighborhood or an entire city--defines the type of allocative
and authoritative resources relevant for a specific context.
Where, i showed ith open field tomato farmer, Ei described the technical, allocative
, and economic inefficiency, Ei* depicted the latent variable, Z1i was education (years), Z2i was family size (no.), Z3i was open field tomato experience (years), Z4i was contact with extension agents (no.), Z5i was open field tomato area (acre), Z6i was vegetable market distance (km) from ith farm, Z7i was dummy variable for credit availability, ss's described unknown parameters and ui denoted the error term.
Using the time dimension of the data, we find that the allocative
efficiency in the Korean manufacturing sector improved from 1982 to 1991 but then reversed its course and deteriorated significantly after 1992.
In order to assess the importance of allocative
efficiency in Italy, we follow Olley and Pakes (OP) (1996) and decompose aggregate labour productivity into the unweighted firm-level average productivity and the OP covariance term between labour productivity and size.
South Africa's exceptionalism aside, the modus operandi of competition laws, in the North and South alike, is to structure markets built on the economic model of perfect competition to attain allocative
Thus, in equation (5), TFP growth is decomposed into: i) TP that measures the shift in production frontier over time; ii) technical efficiency change (-d[u.sub.it]/dt) that measures the shift in production towards the known production frontier; iii) effect of scale change [([??]-1) [[summation].sub.j][[lambda].sub.j], [[??].sub.jt]] which shows the amount of benefit a production unit can derive from economies of scale through access to a larger market and iv) the allocative
efficiency change denoted by [[summation].sub.j]([[lambda].sub.j]-[S.sub.j])[[??].sub.jt].
Antitrust-law-covered conduct can generate three categories of (organizational) allocative
(as opposed to purely private) efficiencies--allocative "static efficiencies," allocative
"dynamic efficiencies," and "reduction-in-economically-inefficient-duplication-related efficiencies"--that favor its antitrust legality.
only business arrangements that impaired allocative
Although distributional concerns have not been neglected entirely (Trebilcock 1975; Quinn & Trebilcock 1982; Kaplow 1986; Trebilcock 2014) mainstream law and economics is based firmly on the assumption that allocative
efficiency and distributional equity should be achieved at different functional stages.
Lovell (et al, 1990) argues that slacks may essentially be viewed as allocative
inefficiency in that they measure the resource under or overuse.
Table above indicated that average farmer in cacao+coconut+patchouli intercropping pattern farm has met technical, allocative
, economic efficiency, obtained from a destructing combination of production factor used in process of production.
The entry cost, that is not the revenue of the auctioneer, decreases the profit of the winner, and thus the total surplus; hence the introduction of the nonrefundable participation cost should lower the allocative
efficiency, in terms of the percantage of the maximal total surplus reached.