Download or read book X Efficiency Theory Evidence and Applications written by Roger S. Frantz and published by Springer Science & Business Media. This book was released on 2013-12-01 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: My interest in X-Efficiency (XE) dates back to 1978. At the time, I was writing the dissertation for my Ph. D. at Washington State University. My dissertation was concerned with the role of attitudes in the school-to-work transition among young men. I was advised by Professor Millard Hastay (a member of my committee) to look at Leibenstein's "new" book, Beyond Economic Man. One of the things that caught my attention was his be havioral description of (selective) rationality. It seemed that Leibenstein's behavioral description of a (selectively) rational individual was very similar to what psychologists such as Abraham Maslow were reporting as being the product of a particular motivational system. In other words, I was im pressed with the idea that what Leibenstein was referring to as X-ineffi ciency was being discussed by psychologists as "the way it (often) is. " So from the beginning I always considered the concept of X-(in)efficiency to be a valuable one for understanding human behavior. I have since come to believe that this is particularly true when considering behavior in non market environments, i. e. , within the firm. Work on this book, however, can most realistically said to have started with work which I began in 1982 while I was a Visiting Scholar at Harvard University. Professor Leibenstein suggested that I consider how some em pirical evidence which was being cited as evidence for the role of property rights might also be consistent with XE theory.
Download or read book X Inefficiency written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-05 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is X-Inefficiency The term "X-inefficiency" is a notion that is utilized in the field of economics to describe situations in which businesses have internal inefficiency, which ultimately leads to greater production costs than are necessary for a specific output. This inefficiency is the consequence of a number of causes, including inefficient production processes, outdated technology, poor management, and a lack of competition, which ultimately leads to reduced profitability and higher pricing for customers. Harvey Leibenstein is the one who first presented the idea of X-inefficiency. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: X-inefficiency Chapter 2: Economies of scale Chapter 3: Microeconomics Chapter 4: Monopoly Chapter 5: Oligopoly Chapter 6: Perfect competition Chapter 7: Index of economics articles Chapter 8: Profit maximization Chapter 9: Yield (finance) Chapter 10: Efficiency Chapter 11: Marginal cost Chapter 12: Production-possibility frontier Chapter 13: Production function Chapter 14: Allocative efficiency Chapter 15: Managerial economics Chapter 16: Isoquant Chapter 17: Productive efficiency Chapter 18: Stochastic frontier analysis Chapter 19: Production (economics) Chapter 20: Profit (economics) Chapter 21: Monopoly price (II) Answering the public top questions about x-inefficiency. (III) Real world examples for the usage of x-inefficiency in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of X-Inefficiency.
Download or read book Anatomy of Government Deficiencies written by H. Hanusch and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains the papers, along with the discussant's remarks, presented at a symposium on "Government Inefficiency" held at Diessen am Ammersee, Germany, on 22-25 July, 1980. In addition, the editor has included an introductory essay which tries to set forth the main background ideas that shaped the spirit of the con ference. Moreover, this article intends to give an overview and a basis of information about recent developments in the "theory of publi.c sector inefficiency". The meeting was mainly sponsored by the Stiftung Volkswagenwerk and the Bayrische Landeszentrale fiir Politische Bildungsarbeit. The publication of this volume was also granted by the Stiftung Volkswagenwerk and the Gesellschaft der Freunde der Universitat Augsburg. I am most grateful to these institutions for their efforts. The organization of the conference was handled through the staff of the Lehrstuhl fiir Finanzwissenschaft at the University of Augsburg, Germany. I am indebted to Klaus Norbert Munch, Lothar Semper and specifically to Brunhilde Doll, Peter Biene and Lothar Thiirmer for their cheerful and capable assistance. My thanks are also due to Brigitte Planer for her care in typing the manuscript. Last not least I wish to thank all who have helped to form the program of the conference with their critical ideas. I feel especially indebted to Karl W. Roskamp and, above all, to Wolfgang F. Stolper for his sympathetic cooperation in editing this volume.
Download or read book Inefficient Markets written by Andrei Shleifer and published by OUP Oxford. This book was released on 2000-03-09 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents and empirically evaluates models of such inefficient markets. Behavioral finance models both explain the available financial data better than does the efficient markets hypothesis and generate new empirical predictions. These models can account for such anomalies as the superior performance of value stocks, the closed end fund puzzle, the high returns on stocks included in market indices, the persistence of stock price bubbles, and even the collapse of several well-known hedge funds in 1998. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets.
Download or read book Analysis of X inefficiency in U S Hospitals written by Michael D. Rosko and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Measurement of Productivity and Efficiency written by Robin C. Sickles and published by Cambridge University Press. This book was released on 2019-03-28 with total page 631 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a comprehensive approach to productivity and efficiency analysis using economic and econometric theory.
Download or read book General X efficiency Theory and Economic Development written by Harvey Leibenstein and published by Oxford University Press, USA. This book was released on 1978 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Does Public Sector Inefficiency Constrain Firm Productivity written by Raffaela Giordano and published by International Monetary Fund. This book was released on 2015-07-21 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the effect of public sector efficiency on firm productivity using data from more than 400,000 firms across Italy’s provinces. Exploiting the large heterogeneity in the efficiency of the public sector across Italian provinces and the intrinsic variation in the dependence of industries on the government, we find that public sector inefficiency significantly reduces the labor productivity of private sector firms. The results suggest that raising public sector efficiency could yield large economic benefits: if the efficiency in all provinces reached the frontier, output per employee for the average firm would increase by 9 percent.
Download or read book The Technological Behaviour of Public Enterprises in Developing Countries written by Jeffrey James and published by Taylor & Francis. This book was released on 2022-08-30 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1989, The Technological Behaviour of Public Enterprises in Developing Countries presents essays based on original research work conducted for the International Labour Office, to employ a wide variety of approaches and methodologies to analyse the technological choices made by public enterprises in Tanzania, India, Argentina, and Brazil. These empirical studies provide rich and detailed case-study material on key issues such as the choice of technology and the acquisition of advanced technological capabilities. The significance of the research findings in these areas and their policy implications are described in an introductory chapter, and the volume as a whole is accessible and relevant to policy makers and academics who are concerned with industrial development in the developing world.
Download or read book The Economics of Public Choice written by Paddy McNutt and published by Edward Elgar Publishing. This book was released on 2002-03-27 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economics of public choice.
Download or read book Encyclopedia of Public Administration and Public Policy A J written by Jack Rabin and published by CRC Press. This book was released on 2003 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Nuremberg trials to the Civil Service Reform Act of 1978 to recent budget reconciliation bills, the Encyclopedia of Public Administration and Public Policy provides detailed coverage of watershed policies and decisions from such fields as privatization, biomedical ethics, education, and diversity. This second edition features a wide range of new topics, including military administration, government procurement, social theory, and justice administration in developed democracies. It also addresses current issues such as the creation of the Department of Homeland Security and covers public administration in the Middle East, Africa, Southeast Asia, the Pacific, and Latin America.
Download or read book Public Sector Efficiency written by Alexander Kalb and published by Springer Science & Business Media. This book was released on 2010-08-09 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alexander Kalb applies advanced and novel econometric as well as linear programming techniques to investigate the sources of potential inefficiencies for local governments in Germany. He uncovers socio-economic, fiscal as well as political sources of inefficiencies. Finally, he makes recommendations how these inefficiencies in the provision of public goods and services can be reduced in the future.
Download or read book The Encyclopedia of Public Choice written by Charles Rowley and published by Springer Science & Business Media. This book was released on 2008-01-25 with total page 1142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Encyclopedia provides a detailed and comprehensive account of the subject known as public choice. However, the title would not convey suf- ciently the breadth of the Encyclopedia’s contents which can be summarized better as the fruitful interchange of economics, political science and moral philosophy on the basis of an image of man as a purposive and responsible actor who pursues his own objectives as efficiently as possible. This fruitful interchange between the fields outlined above existed during the late eighteenth century during the brief period of the Scottish Enlightenment when such great scholars as David Hume, Adam Ferguson and Adam Smith contributed to all these fields, and more. However, as intell- tual specialization gradually replaced broad-based scholarship from the m- nineteenth century onwards, it became increasingly rare to find a scholar making major contributions to more than one. Once Alfred Marshall defined economics in neoclassical terms, as a n- row positive discipline, the link between economics, political science and moral philosophy was all but severed and economists redefined their role into that of ‘the humble dentist’ providing technical economic information as inputs to improve the performance of impartial, benevolent and omniscient governments in their attempts to promote the public interest. This indeed was the dominant view within an economics profession that had become besotted by the economics of John Maynard Keynes and Paul Samuelson immediately following the end of the Second World War.
Download or read book Behavioral Economics For Dummies written by Morris Altman and published by John Wiley & Sons. This book was released on 2012-02-28 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the study of how and why you really make financial decisions While classical economics is based on the notion that people act with rational self-interest, many key money decisions—like splurging on an expensive watch—can seem far from rational. The field of behavioral economics sheds light on the many subtle and not-so-subtle factors that contribute to our financial and purchasing choices. And in Behavioral Economics For Dummies, readers will learn how social and psychological factors, such as instinctual behavior patterns, social pressure, and mental framing, can dramatically affect our day-to-day decision-making and financial choices. Based on psychology and rooted in real-world examples, Behavioral Economics For Dummies offers the sort of insights designed to help investors avoid impulsive mistakes, companies understand the mechanisms behind individual choices, and governments and nonprofits make public decisions. A friendly introduction to the study of how and why people really make financial decisions The author is a professor of behavioral and institutional economics at Victoria University An essential component to improving your financial decision-making (and even to understanding current events), Behavioral Economics For Dummies is important for just about anyone who has a bank account and is interested in why—and when—they spend money.
Download or read book Privatisation Performance in Major European Countries Since 1980 written by M. Tatahi and published by Springer. This book was released on 2006-04-26 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major theoretical approaches stress the superiority of privately-owned over state-owned companies without addressing how corporate performance should best be measured. This book investigates performance of both private and state-owned, applying factor analysis to compare the two states.
Download or read book Market Failure Government Failure Leadership and Public Policy written by B. Dollery and published by Springer. This book was released on 1999-07-19 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: A global wave of reform is fundamentally reshaping the role of the state in national economies. This book provides a fresh and accessible perspective on the political economy of this megatrend. It traces the theoretical roots of the reforms to developments in public economics which emphasize problems of government rather than market failure. It then breaks new ground in developing an economic theory of leadership to explain how policy leadership networks can strive to influence the direction of reform processes.
Download or read book Policy Analysis written by David L. Weimer and published by Taylor & Francis. This book was released on 2017-03-31 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Often described as a public policy “bible,” Weimer and Vining remains the essential primer it ever was. Now in its sixth edition, Policy Analysis provides a strong conceptual foundation of the rationales for and the limitations to public policy. It offers practical advice about how to do policy analysis, but goes a bit deeper to demonstrate the application of advanced analytical techniques through the use of case studies. Updates to this edition include: A chapter dedicated to distinguishing between policy analysis, policy research, stakeholder analysis, and research about the policy process. An extensively updated chapter on policy problems as market and governmental failure that explores the popularity of Uber and its consequences. The presentation of a property rights perspective in the chapter on government supply to help show the goal tensions that arise from mixed ownership. An entirely new chapter on performing analysis from the perspective of a public agency and a particular program within the agency’s portfolio: public agency strategic analysis (PASA). A substantially rewritten chapter on cost–benefit analysis, to better prepare students to become producers and consumers of the types of cost–benefit analyses they will encounter in regulatory analysis and social policy careers. A new introductory case with a debriefing that provides advice to help students immediately begin work on their own projects. Policy Analysis: Concepts and Practices remains a comprehensive, serious, and rich introduction to policy analysis for students in public policy, public administration, and business programs.
