Allocative efficiency is concerned with
A2 Level Economics - Productive and Allocative Efficiency and Paret…
Allocative efficiency. A measure of how well the available resources are allocated to production that meets the preferences of the population. Measured as a change in net benefits (broadly defined). The term allocative efficiency is sometimes defined so broadly as to equate it with the concept of overall economic efficiency.
[DOCX File]On Efficiency and effectiveness: some definitions
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A. Basic definition: economics is the social science concerned with the problem of using scarce resources to attain the greatest fulfillment of society’s unlimited wants. ... Allocative efficiency requires that there be productive efficiency. Productive efficiency can occur without allocative efficiency.
[DOC File]Biotechnology is the use of cellular and molecular ...
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Charging by the gallon is more likely to achieve allocative efficiency—as long as the price equals the marginal cost. To charge by the gallon, the city has to install a water meter in each firm and home and employ meter readers to gather information on how many gallons have been used. Some cities charge flat monthly fees to avoid this expense.
[DOC File]Final Examination Study Guide
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Notice, incidentally, that the economic efficiency criterion implies that too few emissions can be a “problem”, not only too many emissions. 5. While some economists argue for the creation of private property rights to protect the environment, many of those concerned for the environment find this approach abhorrent.
[DOC File]CHAPTER OVERVIEW
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Feb 25, 2014 · This does not mean that there are no negative allocative effects. In fact, every private antitrust plaintiff is concerned with a distributive impact rather than allocative efficiency. Part of the role of modern antitrust analysis is to distinguish cases with only distributive effects from those that have both.
[DOC File]Chapter 5 Monopsony and Agriculture
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Allocative efficiency: resources are used for producing the goods and services (from now on G and S) most wanted by society. Productive efficiency. means that the least costly production techniques are used to produce G and S. Allocative eff. Requires productive eff. However prod. Eff. Can occur without allocative efficiency. Full prod.
[DOC File]Informational Efficiency of the Stock Market—An Eelectc ...
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However, above and beyond the traditional concern with allocative efficiency, antitrust policy should be the concerned with fostering technical innovation or dynamic efficiency. Two mechanisms can be considered when determining whether a particular pooling arrangement promotes innovation or generates dynamic incentives.
[DOC File]Ganz Paper on Governance and Accountability for Civic ...
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Viewed from such perspective, the efficiency of capital market has always been a source of concern. Other than allocative efficiency, it should be pointed out at the outset it is the capability of processing information of the financial markets that captures the attention of scholars, practitioners, and regulators.
[DOC File]AP Macroeconomics Chapter 2 The Economizing Problem
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The aim in allocative efficiency Is not only to ensure that the smallest amount of valuable resources are used to produce a particular good or service, but also that the valuable resources tend to go to the highest value uses in society. What constitutes the highest value uses is defined by individual customers with the means to pay.
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