X Efficiency Theory Evidence And Applications
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| Author | : Roger S. Frantz |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 181 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 1461562651 |
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 behavioral description of (selective) rationality. It seemed that Leibenstein' s behavioral description of a (selectively) rational individ ual 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 impressed with the idea that what Leibenstein was referring to as X-inefficiency was being discussed by psychologists as "the way it (often) is. " So from the beginning I always considered the concept ofX-(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 empirical evidence which was being cited as evidence for the role of property rights might also be consistent with XE theory. (The consistency, in both directions, is considerable.
| Author | : Roger S. Frantz |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 237 |
| Release | : 2013-12-01 |
| Genre | : Business & Economics |
| ISBN | : 1461337992 |
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.
| Author | : Judy Whitehead |
| Publisher | : Routledge |
| Total Pages | : 517 |
| Release | : 2020-07-30 |
| Genre | : Business & Economics |
| ISBN | : 1000115801 |
Microeconomics is concerned with the production, consumption and distribution of goods by the micro units of individuals, firms and markets within the economy. It can also be considered a study of scarcity and the choices to be made for the attainment of goals within constraints. These goals are those set by consumers, producers and policy makers in the market. This book provides a brand new approach to the teaching and study of microeconomics – an elementary guide to the fundamental principles of the subject. It gives students from all parts of the world the opportunity to understand and appreciate the value of microeconomic tools and concepts for analyzing market processes in their economic environment, as well as maintaining a perspective on issues of trade and competitiveness, thus drawing attention to the relevance of microeconomic theory beyond the domestic scene to issues of trade and competitiveness on the international arena. The book contains a wealth of international case studies and covers topics such as: - elasticity - Cobb-Douglas Production functions - dynamic stability of market equilibrium - monopolies and monopolistic competition - project analysis The perfect introduction to the building blocks of contemporary microeconomic theory, this book will be of interest to undergraduate students in international economics, industrial economics, managerial economics and agricultural economics. It will also be a useful reference guide for graduates requiring a break down of difficult microeconomic principles.
| Author | : Roger Frantz |
| Publisher | : Routledge |
| Total Pages | : 249 |
| Release | : 2007-06-14 |
| Genre | : Business & Economics |
| ISBN | : 1135994161 |
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.
| Author | : Morris Altman |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 299 |
| Release | : 2020-05-29 |
| Genre | : Business & Economics |
| ISBN | : 1782549455 |
This timely book offers a nuanced critique of the nudge narrative, and demonstrates why and how ethical behaviour can have significant positive economic and wellbeing outcomes. Morris Altman models a complex alternative to the expectations of ethical behaviour and shows how this behaviour can be consistent with competitive market economies, contrary to what conventional economic theory suggests.
| Author | : Hannah Josepha Rachel Altman |
| Publisher | : Routledge |
| Total Pages | : 377 |
| Release | : 2021-12-19 |
| Genre | : Business & Economics |
| ISBN | : 1000522695 |
Economists have entered into the realm of sports to provide what they believe to be more cogent explanations for sport-related behaviour and to suggest ways in which incentives can improve sports outcomes. But prices and income, the traditional workhorses of conventional economics, can only provide partial explanations and understandings. Drawing on a bounded rationality approach to behavioural economics, this book demonstrates the analytical insights to be gained by supplementing the conventional economics toolbox with psychological, cognitive, sociological, and institutional factors. The international cast list of contributors cover a wide range of sports topics on which a behavioural approach can reveal new insights. These include preferences, managerial, efficiency, choking, doping, favouritism, athlete well- being, and spectator behaviour. Throughout the book, there is an emphasis on the cognitive limits to smart decision-making as well as the critical role played by the decision-making environment. This volume demonstrates that adopting a bounded rationality approach, complimented with other behaviouralist approaches, helps to better explain sport-related behavioural, sub-optimal behavioural, and market failures. It also provides insights that could be used to improve sports outcomes and the well-being of those involved in sports and to better configure policy to enhance sports performance. This groundbreaking book will be an indispensable reference to students and scholars of sports economics, sports management, and sports science.
| Author | : David L. Weimer |
| Publisher | : Routledge |
| Total Pages | : 494 |
| Release | : 2015-07-02 |
| Genre | : Political Science |
| ISBN | : 1317345657 |
Updated in a new 5th edition, this book lays a strong conceptual foundation to understanding the rationales of and limitations to public policy. It gives practical advice about how to do policy analysis while demonstrating the application of advanced analytical techniques through case study examples. Policy Analysis: Concepts and Practices is a comprehensive, accessible, and rich introduction to policy analysis for readers in public policy, public administration, and business programs.
| Author | : |
| Publisher | : Elsevier |
| Total Pages | : 352 |
| Release | : 2020-01-25 |
| Genre | : Mathematics |
| ISBN | : 0128202513 |
Financial, Macro and Micro Econometrics Using R, Volume 42, provides state-of-the-art information on important topics in econometrics, including multivariate GARCH, stochastic frontiers, fractional responses, specification testing and model selection, exogeneity testing, causal analysis and forecasting, GMM models, asset bubbles and crises, corporate investments, classification, forecasting, nonstandard problems, cointegration, financial market jumps and co-jumps, among other topics. - Presents chapters authored by distinguished, honored researchers who have received awards from the Journal of Econometrics or the Econometric Society - Includes descriptions and links to resources and free open source R - Gives readers what they need to jumpstart their understanding on the state-of-the-art
| Author | : Hermann Witte |
| Publisher | : LIT Verlag Münster |
| Total Pages | : 179 |
| Release | : 2015 |
| Genre | : Business & Economics |
| ISBN | : 3643906560 |
The Lingener Studies of Management and Technology have mainly two objectives. First, there is the objective to stimulate and to support a critical and balanced integration of two different orientated disciplines of science. The second objective is to overcome the monistic approach of science and to promote a pluralistic and holistic approach. The holistic approach leads to an enlarged knowledge, bringing better decision advices of science for practice. This particular enlarged knowledge does not only give a better foundation to realize solution for the overcoming of crises, but it also can prevent crises in democratic economic systems. The sustainable market economy is based on the idea of the United Nations to install a worldwide sustainable development process. The objective of this process is to reduce the difference between "poor' and 'rich' countries. The concept of the sustainable market economy is founded on the basic idea of economics to realize market equilibria (Adam Smith). It is shown that economic equilibria also ensure economic sustainability. Because economic crises are present in economic disequilibria, the realization of the economic sustainability prevents systemic (self-made) economic crises and also ensures welfare, So it is logical to realize economic sustainability consequently, in spite of the dominance of political compromises in democratic societies.
| Author | : Philip Marsden |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 798 |
| Release | : 2008-01-01 |
| Genre | : Law |
| ISBN | : 1847204376 |
The book is handsomely produced by Edward Elgar. . . The notes contain more than citations and are well worth reading. A welcome feature is that after each set of notes there is a list of the most important writings on the topic followed by a list of the most important cases. Edward Elgar is well known in economic circles, hence the endnotes to which economists are accustomed. . . It has published several books on competition for lawyers over the last years and is a welcome entrant to the lawyers market. Valentine Korah, World Competition This extremely well done and important book collects writings by more than two dozen academics and practitioners on important topics in competition law. . . This is an excellent book, important for research by anyone who is serious about global or comparative competition policy. European Law Review This Handbook assembles a valuable collection of insightful analyses dealing with many cutting-edge issues arising in modern antitrust enforcement on both sides of the Atlantic. Philip Lowe, European Commission The contributions to this Handbook provide a comprehensive, up-to-date treatment of antitrust law in the Americas and Europe. I would recommend it to anyone who wants to learn about antitrust law and its administration in the major enforcement areas of the world. This is bound to become an important reference for antitrust students and experts. Keith Hylton, Boston University, US This comprehensive research Handbook brings together cutting-edge legal and economic analysis into antitrust issues by leading experts from Europe, the USA, Canada, Mexico and South America. The Handbook of Research in Trans-Atlantic Antitrust covers a wide-range of areas including: the meaning of consumer welfare mergers in monopsony markets unilateral effects private and criminal enforcement implementing competition policy in regulated sectors abuse of intellectual property rights competition remedies international enforcement cooperation complainants rights dominant firm pricing tying and bundling. The Handbook also includes discursive consideration of the similarities and differences among the various regimes on either side of the Atlantic, as well as a look to future trends and applications in regional and global contexts. Offering a comparative view of pressing antitrust issues, this Handbook will be of great interest to academics, lawyers, practitioners and officials.
