Public X Ineffieciency

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X-Inefficiency

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 356 pages
Book Rating : 4.:/5 (661 download)

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Book Synopsis X-Inefficiency by : Fouad Sabry

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 This inefficiency is the consequence of a number of causes, including inefficient production processes, outdated technology, poor management, and a lack of competition, which ultimately leads to reduced profitability and higher pricing for customers.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.

Public Choice Analysis in Historical Perspective

Author : Alan Peacock
Publisher : Cambridge University Press
ISBN 13 : 9780521599764
Total Pages : 252 pages
Book Rating : 4.5/5 (997 download)

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Book Synopsis Public Choice Analysis in Historical Perspective by : Alan Peacock

Download or read book Public Choice Analysis in Historical Perspective written by Alan Peacock and published by Cambridge University Press. This book was released on 1997-07-24 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, Sir Alan Peacock, one of Britain's most noted public economists, poses the question as to whether the history of economic thought is an essential part of the training of public finance economists. He argues that the perspective gained by studying the origins of public choice analysis can offer an important stimulus to scientific progress. The first lecture analyses the increasing popularity in recent years of the modernist, anti-historical point of view. The second criticises those theories of growth in government expenditure which ignore the political process. The third lecture draws on Adam Smith and David Hume to extend the conventional economic model of bureaucracy. In the final lecture, Peacock considers the problem of controlling public sector growth and points to ways of overcoming them. The book ends with short commentaries by seven public economists.

Efficiency in the Public Sector

Author : Kevin J. Fox
Publisher : Springer Science & Business Media
ISBN 13 : 1475735928
Total Pages : 305 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Efficiency in the Public Sector by : Kevin J. Fox

Download or read book Efficiency in the Public Sector written by Kevin J. Fox and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regardless of where we live, the management of the public sector impacts on our lives. Hence, we all have an interest, one way or another, in the achievement of efficiency and productivity improvements in the activities of the public sector. For a government agency that provides a public service, striving for unreasonable benchmark targets for efficiency may lead to a deterioration of service quality, along with an increase in stress and job dissatisfaction for public sector employees. Slack performance targets may lead to gross inefficiency, poor quality of service, and low self-esteem for employees. In the case of regulation, inappropriate policies can lead to unprecedented disasters. Examples include the decimation of fish stocks through mismanagement of fisheries, and power blackouts through inappropriate restrictions on electricity generators and distributors. Efficient taxation policies minimise the tax bill for citizens. In all of these cases, efficient management is required, although it is often unclear how to assess this efficiency. In this volume, several authors consider various aspects and contexts of performance measurement. Hence, this volume represents a unique collection of advances in efficiency assessment for the public sector by leading researchers in the field. Efficiency in the Public Sector is divided into two sections. The first is titled "Issues in Public Sector Efficiency Evaluation" and comprises of chapters 1-4. The second section is titled "Efficiency Analysis in the Public Sector - Advances in Theory and Practice." This division is somewhat arbitrary, in the sense there are significant overlapping themes in both sections. However, it serves to separate chapters that can be characterised as dealing with broader issues (Section I), from chapters that can be characterised as focusing on specific theoretical problems and empirical cases (Section II).

The Economics of Public Utility Regulation

Author : Michael A. Crew
Publisher : Springer
ISBN 13 : 1349072958
Total Pages : 306 pages
Book Rating : 4.3/5 (49 download)

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Book Synopsis The Economics of Public Utility Regulation by : Michael A. Crew

Download or read book The Economics of Public Utility Regulation written by Michael A. Crew and published by Springer. This book was released on 1986-06-18 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:

X-Efficiency: Theory, Evidence and Applications

Author : Roger S. Frantz
Publisher : Springer Science & Business Media
ISBN 13 : 1461337992
Total Pages : 237 pages
Book Rating : 4.4/5 (613 download)

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Book Synopsis X-Efficiency: Theory, Evidence and Applications by : Roger S. Frantz

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.

Pricing and Price Regulation

Author : D. Bös
Publisher : Elsevier
ISBN 13 : 0080514707
Total Pages : 472 pages
Book Rating : 4.0/5 (85 download)

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Book Synopsis Pricing and Price Regulation by : D. Bös

Download or read book Pricing and Price Regulation written by D. Bös and published by Elsevier. This book was released on 2015-12-04 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This clear, precisely written text presents an important branch of the modern, micro-economically based theory of industrial organization and of public finance, utilizing calculus only. Answers are provided to some pertinent economic questions, such as the pricing policies of vote-seeking politicians, of empire-building bureaucrats and of out-put-maximizing and energy-saving public utilities. These policies are compared with the welfare economic benchmark rules e.g. on marginal cost pricing and Ramsey pricing. Great significance is attached to price regulation. The book elucidates the recent replacement of rate of return regulation by price-cap regulation. It also explains why many simple rules like yardstick regulation fail to achieve optimal prices, which shows how complicated it is to induce managers to truthfully reveal their private information. How this can be achieved properly is shown in various principal-agent models on regulation with uncertain costs, uncertain demand and with soft budget constraints.

Anatomy of Government Deficiencies

Author : H. Hanusch
Publisher : Springer Science & Business Media
ISBN 13 : 3662216108
Total Pages : 193 pages
Book Rating : 4.6/5 (622 download)

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Book Synopsis Anatomy of Government Deficiencies by : H. Hanusch

Download or read book Anatomy of Government Deficiencies written by H. Hanusch and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains the papers, along with the discussant's remarks, presented at a symposium on "Government Inefficiency" held at Diessen am Ammersee, Germany, on 22-25 July, 1980. In addition, the editor has included an introductory essay which tries to set forth the main background ideas that shaped the spirit of the con ference. Moreover, this article intends to give an overview and a basis of information about recent developments in the "theory of publi.c sector inefficiency". The meeting was mainly sponsored by the Stiftung Volkswagenwerk and the Bayrische Landeszentrale fiir Politische Bildungsarbeit. The publication of this volume was also granted by the Stiftung Volkswagenwerk and the Gesellschaft der Freunde der Universitat Augsburg. I am most grateful to these institutions for their efforts. The organization of the conference was handled through the staff of the Lehrstuhl fiir Finanzwissenschaft at the University of Augsburg, Germany. I am indebted to Klaus Norbert Munch, Lothar Semper and specifically to Brunhilde Doll, Peter Biene and Lothar Thiirmer for their cheerful and capable assistance. My thanks are also due to Brigitte Planer for her care in typing the manuscript. Last not least I wish to thank all who have helped to form the program of the conference with their critical ideas. I feel especially indebted to Karl W. Roskamp and, above all, to Wolfgang F. Stolper for his sympathetic cooperation in editing this volume.

Regional Aspects of X - Inefficiency in the Public Sector

Author : Peter Friedrich
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (164 download)

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Book Synopsis Regional Aspects of X - Inefficiency in the Public Sector by : Peter Friedrich

Download or read book Regional Aspects of X - Inefficiency in the Public Sector written by Peter Friedrich and published by . This book was released on 1982 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Public Enterprise Economics

Author : Dieter Bös
Publisher : Elsevier
ISBN 13 : 1483193233
Total Pages : 480 pages
Book Rating : 4.4/5 (831 download)

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Book Synopsis Public Enterprise Economics by : Dieter Bös

Download or read book Public Enterprise Economics written by Dieter Bös and published by Elsevier. This book was released on 2014-07-15 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advanced Textbooks in Economics, Volume 23: Public Enterprise Economics: Theory and Application focuses on economics, mathematical economics, and econometrics, including microeconomics, marginal-cost pricing, taxes, and income effects. The manuscript takes a look at the essential parts of public sector pricing models, normative optimum theory, and normative piecemeal theory. Discussions focus on welfare improvements with non-tight constraints, welfare -improving increases of public inefficiency, conditions for optimal prices and quantities, compensating for income effects, and conditions for optimal quality. The book then ponders on marginal-cost pricing, Ramsey pricing, rate of return regulation, and pricing with distributional aims. Topics include comparing distributional and allocative pricing, prices versus taxes, optimum Ramsey policy, influence of Ramsey prices on allocation, distribution, and stabilization, and consequences for allocation, distribution, and stabilization. The publication examines bus and underground services in London, economic theory and empirical analysis, and different approaches towards optimal quality, including empirical studies on bus and underground demand, organizational and political history, and microeconomics of the representative consumer. The book is a valuable source of data for researchers interested in public enterprise economics.

The Economics of Public Choice

Author : Paddy McNutt
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781956649
Total Pages : 368 pages
Book Rating : 4.9/5 (566 download)

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Book Synopsis The Economics of Public Choice by : Paddy McNutt

Download or read book The Economics of Public Choice written by Paddy McNutt and published by Edward Elgar Publishing. This book was released on 2002-03-27 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economics of public choice.

Encyclopedia of Public Administration and Public Policy: A-J

Author : Jack Rabin
Publisher : CRC Press
ISBN 13 : 9780824709464
Total Pages : 734 pages
Book Rating : 4.7/5 (94 download)

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Book Synopsis Encyclopedia of Public Administration and Public Policy: A-J by : Jack Rabin

Download or read book Encyclopedia of Public Administration and Public Policy: A-J written by Jack Rabin and published by CRC Press. This book was released on 2003 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Nuremberg trials to the Civil Service Reform Act of 1978 to recent budget reconciliation bills, the Encyclopedia of Public Administration and Public Policy provides detailed coverage of watershed policies and decisions from such fields as privatization, biomedical ethics, education, and diversity. This second edition features a wide range of new topics, including military administration, government procurement, social theory, and justice administration in developed democracies. It also addresses current issues such as the creation of the Department of Homeland Security and covers public administration in the Middle East, Africa, Southeast Asia, the Pacific, and Latin America.

Public Sector Efficiency

Author : Alexander Kalb
Publisher : Springer Science & Business Media
ISBN 13 : 3834986976
Total Pages : 190 pages
Book Rating : 4.8/5 (349 download)

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Book Synopsis Public Sector Efficiency by : Alexander Kalb

Download or read book Public Sector Efficiency written by Alexander Kalb and published by Springer Science & Business Media. This book was released on 2010-08-09 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alexander Kalb applies advanced and novel econometric as well as linear programming techniques to investigate the sources of potential inefficiencies for local governments in Germany. He uncovers socio-economic, fiscal as well as political sources of inefficiencies. Finally, he makes recommendations how these inefficiencies in the provision of public goods and services can be reduced in the future.

Inefficient Markets

Author : Andrei Shleifer
Publisher : OUP Oxford
ISBN 13 : 0191606898
Total Pages : 295 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis Inefficient Markets by : Andrei Shleifer

Download or read book Inefficient Markets written by Andrei Shleifer and published by OUP Oxford. This book was released on 2000-03-09 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents and empirically evaluates models of such inefficient markets. Behavioral finance models both explain the available financial data better than does the efficient markets hypothesis and generate new empirical predictions. These models can account for such anomalies as the superior performance of value stocks, the closed end fund puzzle, the high returns on stocks included in market indices, the persistence of stock price bubbles, and even the collapse of several well-known hedge funds in 1998. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets.

The Encyclopedia of Public Choice

Author : Charles Rowley
Publisher : Springer Science & Business Media
ISBN 13 : 0306478285
Total Pages : 1142 pages
Book Rating : 4.3/5 (64 download)

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Book Synopsis The Encyclopedia of Public Choice by : Charles Rowley

Download or read book The Encyclopedia of Public Choice written by Charles Rowley and published by Springer Science & Business Media. This book was released on 2008-01-25 with total page 1142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Encyclopedia provides a detailed and comprehensive account of the subject known as public choice. However, the title would not convey suf- ciently the breadth of the Encyclopedia’s contents which can be summarized better as the fruitful interchange of economics, political science and moral philosophy on the basis of an image of man as a purposive and responsible actor who pursues his own objectives as efficiently as possible. This fruitful interchange between the fields outlined above existed during the late eighteenth century during the brief period of the Scottish Enlightenment when such great scholars as David Hume, Adam Ferguson and Adam Smith contributed to all these fields, and more. However, as intell- tual specialization gradually replaced broad-based scholarship from the m- nineteenth century onwards, it became increasingly rare to find a scholar making major contributions to more than one. Once Alfred Marshall defined economics in neoclassical terms, as a n- row positive discipline, the link between economics, political science and moral philosophy was all but severed and economists redefined their role into that of ‘the humble dentist’ providing technical economic information as inputs to improve the performance of impartial, benevolent and omniscient governments in their attempts to promote the public interest. This indeed was the dominant view within an economics profession that had become besotted by the economics of John Maynard Keynes and Paul Samuelson immediately following the end of the Second World War.

New Public Management

Author : Jan-Erik Lane
Publisher : Routledge
ISBN 13 : 1134574118
Total Pages : 255 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis New Public Management by : Jan-Erik Lane

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.

Behavioral Economics For Dummies

Author : Morris Altman
Publisher : John Wiley & Sons
ISBN 13 : 1118085035
Total Pages : 384 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Behavioral Economics For Dummies by : Morris Altman

Download or read book Behavioral Economics For Dummies written by Morris Altman and published by John Wiley & Sons. This book was released on 2012-02-28 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the study of how and why you really make financial decisions While classical economics is based on the notion that people act with rational self-interest, many key money decisions—like splurging on an expensive watch—can seem far from rational. The field of behavioral economics sheds light on the many subtle and not-so-subtle factors that contribute to our financial and purchasing choices. And in Behavioral Economics For Dummies, readers will learn how social and psychological factors, such as instinctual behavior patterns, social pressure, and mental framing, can dramatically affect our day-to-day decision-making and financial choices. Based on psychology and rooted in real-world examples, Behavioral Economics For Dummies offers the sort of insights designed to help investors avoid impulsive mistakes, companies understand the mechanisms behind individual choices, and governments and nonprofits make public decisions. A friendly introduction to the study of how and why people really make financial decisions The author is a professor of behavioral and institutional economics at Victoria University An essential component to improving your financial decision-making (and even to understanding current events), Behavioral Economics For Dummies is important for just about anyone who has a bank account and is interested in why—and when—they spend money.

General X-efficiency Theory and Economic Development

Author : Harvey Leibenstein
Publisher : Oxford University Press, USA
ISBN 13 : 0195023803
Total Pages : 200 pages
Book Rating : 4.1/5 (95 download)

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Book Synopsis General X-efficiency Theory and Economic Development by : Harvey Leibenstein

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: