X-Efficiency and Technical Efficiency
Efficiency measurement has become a very popular field in applied economics in recent years, and with this interest there has been a large intellectual investment in refining the empirical methods available to researchers in the area. In this paper we relate these developments to Harvey Leibenstein's original 1966 insight into the psychological ideas underlying the notion that economic agents may not achieve maximal efficiency in their productive decisions and behavior. Of course, it is always possible to argue that apparent inefficiency only arises from a failure of the observer to realize what it is that is being maximized. However, we evade this easy escape route into non-falsifiable hypothesizing, and instead take at face value the fact that too many empirical studies have come up with substantial measures of inefficiency for us to ignore its importance for normative economics. Copyright 1994 by Kluwer Academic Publishers
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
When requesting a correction, please mention this item's handle: RePEc:kap:pubcho:v:80:y:1994:i:1-2:p:83-104. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.