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 This inefficiency is the consequence of a number of causes, including inefficient production processes, outdated technology, poor management, and a lack of competition, which ultimately leads to reduced profitability and higher pricing for customers.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 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 General X Efficiency Theory and Economic Development written by Harvey Leibenstein and published by Oxford University Press. This book was released on 1978-08-31 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Contemporary Behavioral Economics written by Morris Altman and published by M.E. Sharpe. This book was released on 2006 with total page 794 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 X inefficiency and International Competition written by Henrik Horn and published by . This book was released on 1990 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Beginnings of Behavioral Economics written by Roger Frantz and published by Academic Press. This book was released on 2019-10-05 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior – XE relationship. This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy. Reviews the powerful, but neglected contributions of mid-20th century scholars, like Leibenstein and Katona in building the roots of behavioral economic theory Amalgamates and reviews 50 years of empirical research and over 200 empirical papers on X-efficiency theory Establishes how X-efficiency can aid modern behavioral economics in further developing firm theory and understanding efficiency wages
Download or read book Smart Economic Decision Making in a Complex World written by Morris Altman and published by Academic Press. This book was released on 2020-05-22 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality. Makes the case for ‘smart and rational’ decision-making as a context-dependent rational process that is framed by socio-cultural environment and conditioned by institutional capacities Explains how incorporation of the ‘smart’ decision-maker concept into economic thought improves our understanding of how, why and when people generate certain outcomes Explores how economic efficiency can be achieved, individual preferences realized, and social welfare maximized through the use of ‘smart and rational’ approaches
Download or read book Competition Reduces X inefficiency written by Johan Stennek and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sources of Productivity Growth written by David G. Mayes and published by Cambridge University Press. This book was released on 1996-03-21 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past few decades there have been surges in productivity in a number of countries, in particular in the UK under the Thatcher government. Explanations of these changes have not been satisfactory. This compelling 1996 book examines the data relating to these changes at an individual establishment level. Chapters cover the UK, the USA, Canada, Japan, Australia, Belgium, Norway and Sweden, and comparisons also include Germany and the Netherlands. Using a variety of the most up-to-date methods of analysis, the contributors show that there is no single simple explanation. Changes in competitive conditions, skills, innovation and the growth of small firms all have their part to play, as does the widespread closure of the least productive establishments.
Download or read book Renaissance in Behavioral Economics written by Roger Frantz and published by Routledge. This book was released on 2007-06-14 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists working on behavioral economics have been awarded the Nobel Prize four times in recent years. This book explores this innovative area and in particular focuses on the work of Harvey Leibenstein, one of the pioneers of the discipline. The topics covered in the book include agency theory; dynamic efficiency; evolutionary economics; X-efficiency; the effect of emotions, specifically affect on decision-making; market pricing; experimental economics; human resource management; the Carnegie School, and intra-industry efficiency in less developed countries.
Download or read book Shareholder Value in Banking written by F. Fiordelisi and published by Springer. This book was released on 2006-04-19 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainable shareholder value is a main strategic objective for financial institutions. This text provides an analytical assessment of shareholder value creation, providing a framework for analyzing theory, and presenting empirical investigations. It analyzes the importance of drivers in creating value and develops a new measure of bank efficiency.
Download or read book Worker Satisfaction and Economic Performance written by Morris Altman and published by Routledge. This book was released on 2020-12-14 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book challenges some of the fundamental tenets of "free market" economics that have had a profound impact on public policy and the plight of the American worker. These include the beliefs that high wages inevitably mean low profits; that a "free" market will automatically reduce discrimination and pay inequality; that anti-trust legislation hinders competitive market forces; and that minimum wage laws and trade unions negatively impact the economy.Using both theoretical analysis and real-life examples, the author shows that these myths are a product of unrealistic behavioral assumptions on the part of "free market" economists about the typical worker. In fact, as the author makes clear, the level of workers' satisfaction with their jobs, as a reflection of how well they are paid and treated by their employers, has a direct impact on the quality level of the products they produce and, inevitably, the economic performance of the firms.
Download or read book Cooperative Banking Innovations and Developments written by Vittorio Boscia and published by Springer. This book was released on 2009-02-27 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book describes the current role and rationale of co-operative banking and examines features such as governance, consolidation, outsourcing, shareholder value and rating evaluation. It then analyses the likely impact on the strategic, organisational and operative model of cooperative banks.
Download or read book Participation in the Age of Globalization and Information written by Panu Kalmi and published by Emerald Group Publishing. This book was released on 2006-01-05 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Helps readers deliver practical policies to transform work world and society. This work consists of twelve articles. The first four papers relate to the growing literature on employee participation and firm performance. The second group of papers looks at the impact of ownership structures into managerial compensation and control.
Download or read book New Public Management written by Jan-Erik Lane and published by Routledge. This book was released on 2002-09-11 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on economics, organisational theory and politics, Jan-Erik Lane presents new public management from an analytical perspective.
