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Everything about Allocative efficiency
When production relates to consumer preferences in an economy
Allocative efficiency is a state of the economy in which production is aligned with the preferences of consumers and producers; in particular, the set of outputs is chosen so as to maximize the social welfare of society. This is achieved if every produced good or service has a marginal benefit equal to or greater than the marginal cost of production. Wikipedia →
🧭 Start here: a 6-step reading path
- Read the overview: Allocative efficiencyA 5-minute orientation
- Skim a recent paper: Road expansion, allocative efficiency, and pro-competitive effect of transport infrastructure: Evidence from ChinaInfluential work since 2022
- Pick up a classic book: X-ineffizienz, Managementanreize Und ProduktmarktwettbewerbThe most-reprinted book on the subject
- Read the landmark paper: Declining Dynamism, Allocative Efficiency, and the Productivity SlowdownCited 155 times
- Go sideways: Economic efficiencyA closely related topic
- Go sideways: Static efficiencyA closely related topic
📖 Definitions
No dictionary entry for this exact phrase.
🗂️ The subject at a glance
🏆 Landmark papers (most cited)
Declining Dynamism, Allocative Efficiency, and the Productivity Slowdown
Land Tenure and Allocative Efficiency in Niger
Allocative Efficiency: The Role of Human Capital
Output allocative and technical efficiency of banks
Technical and allocative efficiency in European banking
Agricultural water marketing, allocative efficiency, and drainage reduction
Allocative Efficiency, X-Efficiency and the Measurement of Welfare Losses
Allocative efficiency in branch banking
🆕 Influential since 2022
Road expansion, allocative efficiency, and pro-competitive effect of transport infrastructure: Evidence from China
Power Flows: Transmission Lines, Allocative Efficiency, and Corporate Profits
Decomposing Economic Efficiency into Technical and Allocative Components: An Essential Property
Improving allocative efficiency from network consolidation: a solution for the health workforce shortage
Firm-level financial frictions and aggregate allocative efficiency
📚 Books worth reading
- 📕X-ineffizienz, Managementanreize Und ProduktmarktwettbewerbUwe Jirjahn · 2004
- 📕The visible hand, the invisible hand and efficiencyEitan Goldman · 2000
- 📕Symposium on Technical Problems in the Efficient Classification and Allocation of Military Personnel, 8 October 1952Symposium on Technical Problems in the Efficient Classification and Allocation of Military Personnel (1952 Lackland Air Force Base) · 1952
Ranked by number of editions on Open Library, a rough measure of how lasting a book is.
🔗 Related topics
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