X-Efficiency: Theory, Evidence and Applications

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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.

General X-efficiency Theory and Economic Development

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Author :
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:

General X-Efficiency Theory and Economic Development

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Author :
Publisher : Oxford University Press
ISBN 13 : 0195365410
Total Pages : 200 pages
Book Rating : 4.1/5 (953 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. This book was released on 1978-08-31 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inflation, Income Distribution and X-Efficiency Theory

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000648745
Total Pages : 60 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Inflation, Income Distribution and X-Efficiency Theory by : Harvey Leibenstein

Download or read book Inflation, Income Distribution and X-Efficiency Theory written by Harvey Leibenstein and published by Taylor & Francis. This book was released on 2022-08-30 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1980, Inflation, Income Distribution and X-Efficiency Theory presents an exploratory theoretical study of the linkages between income distribution, the degree of X-efficiency, and inflation and the level of employment in the context of developing society. It discusses themes like concept of income distribution; maximization versus non-maximization models; theory of inert areas; microtheory and inflation; monopoly and X-Efficiency theory; contracts, bargaining and inflation; theory of bargaining; survival strategies in the face of inflation; and policy implications of inflation. This book is a must read for students and scholars of macroeconomics and economics in general.

Studies in Economic Rationality

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Publisher : University of Michigan Press
ISBN 13 : 9780472101542
Total Pages : 418 pages
Book Rating : 4.1/5 (15 download)

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Book Synopsis Studies in Economic Rationality by : Klaus Weiermair

Download or read book Studies in Economic Rationality written by Klaus Weiermair and published by University of Michigan Press. This book was released on 1990 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the X-efficiency paradigm in relation to the theory of the firm

The Beginnings of Behavioral Economics

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Publisher : Academic Press
ISBN 13 : 0128157054
Total Pages : 258 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis The Beginnings of Behavioral Economics by : Roger Frantz

Download or read book The Beginnings of Behavioral Economics written by Roger Frantz and published by Academic Press. This book was released on 2019-10-05 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior – XE relationship. This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy. Reviews the powerful, but neglected contributions of mid-20th century scholars, like Leibenstein and Katona in building the roots of behavioral economic theory Amalgamates and reviews 50 years of empirical research and over 200 empirical papers on X-efficiency theory Establishes how X-efficiency can aid modern behavioral economics in further developing firm theory and understanding efficiency wages

The Theory of Dynamic Efficiency

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Publisher : Taylor & Francis
ISBN 13 : 041542769X
Total Pages : 372 pages
Book Rating : 4.4/5 (154 download)

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Book Synopsis The Theory of Dynamic Efficiency by : Jesús Huerta de Soto

Download or read book The Theory of Dynamic Efficiency written by Jesús Huerta de Soto and published by Taylor & Francis. This book was released on 2009 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers a collection of multidisciplinary essays by Jess Huerta de Soto, examining the dynamic processes of social cooperation which characterize the market, with particular emphasis on the role of both entrepreneurship and institutions.

The Efficiency Paradox

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Publisher : Vintage
ISBN 13 : 0525520309
Total Pages : 320 pages
Book Rating : 4.5/5 (255 download)

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Book Synopsis The Efficiency Paradox by : Edward Tenner

Download or read book The Efficiency Paradox written by Edward Tenner and published by Vintage. This book was released on 2018-04-17 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A bold challenge to our obsession with efficiency—and a new understanding of how to benefit from the powerful potential of serendipity. Algorithms, multitasking, the sharing economy, life hacks: our culture can't get enough of efficiency. One of the great promises of the Internet and big data revolutions is the idea that we can improve the processes and routines of our work and personal lives to get more done in less time than we ever have before. There is no doubt that we're performing at higher levels and moving at unprecedented speed, but what if we're headed in the wrong direction? Melding the long-term history of technology with the latest headlines and findings of computer science and social science, The Efficiency Paradox questions our ingrained assumptions about efficiency, persuasively showing how relying on the algorithms of digital platforms can in fact lead to wasted efforts, missed opportunities, and, above all, an inability to break out of established patterns. Edward Tenner offers a smarter way of thinking about efficiency, revealing what we and our institutions, when equipped with an astute combination of artificial intelligence and trained intuition, can learn from the random and unexpected.

Machine Learning with PyTorch and Scikit-Learn

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Publisher : Packt Publishing Ltd
ISBN 13 : 1801816387
Total Pages : 775 pages
Book Rating : 4.8/5 (18 download)

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Book Synopsis Machine Learning with PyTorch and Scikit-Learn by : Sebastian Raschka

Download or read book Machine Learning with PyTorch and Scikit-Learn written by Sebastian Raschka and published by Packt Publishing Ltd. This book was released on 2022-02-25 with total page 775 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book of the bestselling and widely acclaimed Python Machine Learning series is a comprehensive guide to machine and deep learning using PyTorch s simple to code framework. Purchase of the print or Kindle book includes a free eBook in PDF format. Key Features Learn applied machine learning with a solid foundation in theory Clear, intuitive explanations take you deep into the theory and practice of Python machine learning Fully updated and expanded to cover PyTorch, transformers, XGBoost, graph neural networks, and best practices Book DescriptionMachine Learning with PyTorch and Scikit-Learn is a comprehensive guide to machine learning and deep learning with PyTorch. It acts as both a step-by-step tutorial and a reference you'll keep coming back to as you build your machine learning systems. Packed with clear explanations, visualizations, and examples, the book covers all the essential machine learning techniques in depth. While some books teach you only to follow instructions, with this machine learning book, we teach the principles allowing you to build models and applications for yourself. Why PyTorch? PyTorch is the Pythonic way to learn machine learning, making it easier to learn and simpler to code with. This book explains the essential parts of PyTorch and how to create models using popular libraries, such as PyTorch Lightning and PyTorch Geometric. You will also learn about generative adversarial networks (GANs) for generating new data and training intelligent agents with reinforcement learning. Finally, this new edition is expanded to cover the latest trends in deep learning, including graph neural networks and large-scale transformers used for natural language processing (NLP). This PyTorch book is your companion to machine learning with Python, whether you're a Python developer new to machine learning or want to deepen your knowledge of the latest developments.What you will learn Explore frameworks, models, and techniques for machines to learn from data Use scikit-learn for machine learning and PyTorch for deep learning Train machine learning classifiers on images, text, and more Build and train neural networks, transformers, and boosting algorithms Discover best practices for evaluating and tuning models Predict continuous target outcomes using regression analysis Dig deeper into textual and social media data using sentiment analysis Who this book is for If you have a good grasp of Python basics and want to start learning about machine learning and deep learning, then this is the book for you. This is an essential resource written for developers and data scientists who want to create practical machine learning and deep learning applications using scikit-learn and PyTorch. Before you get started with this book, you’ll need a good understanding of calculus, as well as linear algebra.

Allocative Efficiency Vs."x-efficiency."

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (5 download)

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Book Synopsis Allocative Efficiency Vs."x-efficiency." by : Harvey Leibenstein

Download or read book Allocative Efficiency Vs."x-efficiency." written by Harvey Leibenstein and published by . This book was released on 1966 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Dictionary of Business and Management

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Publisher : OUP Oxford
ISBN 13 : 0191036722
Total Pages : 999 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis A Dictionary of Business and Management by : Jonathan Law

Download or read book A Dictionary of Business and Management written by Jonathan Law and published by OUP Oxford. This book was released on 2009-01-01 with total page 999 pages. Available in PDF, EPUB and Kindle. Book excerpt: This wide-ranging and authoritative dictionary contains 7,000 entries covering all areas of business and management, including marketing, organizational behaviour, business strategy, law, and taxation. Written by a team of experts, it features the very latest terminology, for example, the recent vocabulary associated with structured finance and the associated subprime lending crisis, including collaterized debt obligation and special purpose vehicle. The new edition of this established bestseller dispels modern financial and management jargon, defining entries in a clear, concise, and accessible manner. It contains US business terms, general management concepts (e.g. competence, knowledge management), named theories (e.g. Tannenbaum and Schmidt, Blake and Mouton) as well as expanded coverage of the contemporary theory of the firm and human resources. New terms are included from the fast-moving areas of current affairs (e.g. MiFID), Internet business and information technology and there is full coverage of the new Companies Act. With recommended web links for many entries, accessible and kept up to date via the Dictionary of Business and Management companion website, this edition is more informative than ever. This A-Z reference work is essential for business students, teachers and professionals, and useful for anyone needing a guide to business terminology.

Measurement of Productivity and Efficiency

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Publisher : Cambridge University Press
ISBN 13 : 110703616X
Total Pages : 631 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Measurement of Productivity and Efficiency by : Robin C. Sickles

Download or read book Measurement of Productivity and Efficiency written by Robin C. Sickles and published by Cambridge University Press. This book was released on 2019-03-28 with total page 631 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a comprehensive approach to productivity and efficiency analysis using economic and econometric theory.

Fee-based Services and Cost Efficiency in Commercial Banks

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Fee-based Services and Cost Efficiency in Commercial Banks by : Robert DeYoung

Download or read book Fee-based Services and Cost Efficiency in Commercial Banks written by Robert DeYoung and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Locating Efficiency and Productivity Champions in a new Banking Environment

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Publisher : diplom.de
ISBN 13 : 3832417915
Total Pages : 132 pages
Book Rating : 4.8/5 (324 download)

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Book Synopsis Locating Efficiency and Productivity Champions in a new Banking Environment by : Georg-Stephan Barfuß

Download or read book Locating Efficiency and Productivity Champions in a new Banking Environment written by Georg-Stephan Barfuß and published by diplom.de. This book was released on 1999-09-27 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: Part one of the thesis states the changes and developments that have markedly altered the banking world. This analysis is followed by a discussion about the consequences these transformations have on credit institutions in general. Special focus is devoted to the universal bank, the advantages and disadvantages of which are linked to the changes mentioned above. Part two begins with the introduction of a prominent member of the universal banking type: ING Group and its banking operations in the Netherlands, ING Bank, respectively. Both are shortly introduced and their performance measured with the help of "traditional" tools. To go deeper than the mere standard comparison of data given in annual reports, however, a new method will be introduced that approximates the relative efficiency and productivity of companies - in this case banks. This method is called "Data Envelopment Analysis" (DEA) and offers some advantages that complement "traditional" ways of assessing company performance. DEA is then run with the help of a special software programme, processing data about 65 credit institutions that are operating in the Dutch market. The focal point of interest in this analysis is on the performance of ING Bank as measured by DEA. This kind of "benchmarking" will be performed in two ways: first statically (comparison within a certain year), then dynamically (comparison over the years 1992 to 1995). Subsequently, the credit institutions will be summed up into categories like "best-practice" or "worst-practice" to conduct further analyses. The conclusions from this analysis is then taken as a basis to evaluate, whether ING Bank has been able to adopt to the growing demands of an ever faster changing banking environment. The concluding chapter relates mainly to an additional usage of DEA that is not related to benchmarking directly. DEA and the results it yields can be used to find out, which firms are especially successful in incorporating the all-important "soft factors" like firm culture, tradition, values, employee motivation, and the like. This application uses DEA as a kind of "navigator", that helps annalists to save time by pointing directly to potential owners of "soft factors". The appendix gives the sources of data used and the quality and reliability thereof. Furthermore, the credit institutions used in the analysis will be stated in name. A list of mathematical formulae that make up the DEA analysis and the logic [...]

Factor X

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Publisher : Springer
ISBN 13 : 3319500791
Total Pages : 446 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Factor X by : Harry Lehmann

Download or read book Factor X written by Harry Lehmann and published by Springer. This book was released on 2017-09-28 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes and analyses necessities for a more resource-efficient world. It discusses solutions for a more sustainable use of natural resources, addressing decision-makers and experts from the fields of policy development, industry, academia, civil society, and the media. The book presents strategies, concrete ways and examples of achieving more sustainable resource use in practice. Following on from two previous titles published on Factor X by the Umweltbundesamt (German Environment Agency), entitled “Factor X: Policy, Strategies and Instruments for a Sustainable Resource Use” (2013) and “Factor X: Re-source – Designing the Recycling Society” (2014), this book further investigates how savings in natural resources and resource efficiency improvements could be achieved, focusing on good practice examples that cover different resource categories, pursue different efficiency strategies and come from different sectors, e.g. innovative products or services, technology, man agement approaches, systemic approaches, etc. The background against which this work is done has a highly comprehensive span, from the first Declaration of the Factor X Club in the nineties, to the European Commission’s Roadmap to a Resource Efficient Europe that was published in September 2011, through to the German Federal government’s German Resource Efficiency Programme (ProgRess I and II) in 2012 and 2016, the G7 Alliance for Resource Efficiency, and most recently the development and implementation of the Sustainable Development Goals (SDG).

X-Efficiency Evolution

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis X-Efficiency Evolution by : Nathanael Smith

Download or read book X-Efficiency Evolution written by Nathanael Smith and published by . This book was released on 2009 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: While mainstream economics assumes that firms are always on the production frontier, there is an evolutionary interpretation of competition according to which firms have different degrees of what Leibenstein (1964) called quot;X-efficiency,quot; and competition selects for higher X-efficiency. This concept of competition is implemented in an quot;agent-based simulation.quot; Firms producing a generic consumption good are endowed with X-efficiencies, which undergo mutation. Even when mutations are mostly negative, selection effects can make productivity rise over time. There is no logical limit to the increase in productivity due to quot;X-efficiency evolution,quot; which is thus a potential explanation of long-run productivity (or quot;TFPquot;) growth.

Efficiency versus Sustainability in Dynamic Decision Making

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Publisher : Springer Science & Business Media
ISBN 13 : 9783540439066
Total Pages : 268 pages
Book Rating : 4.4/5 (39 download)

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Book Synopsis Efficiency versus Sustainability in Dynamic Decision Making by : Bodo Glaser

Download or read book Efficiency versus Sustainability in Dynamic Decision Making written by Bodo Glaser and published by Springer Science & Business Media. This book was released on 2002-07-23 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops and analyzes dynamic decision models (DDM) with one trajectoral objective according to the methodology of multi-criteria decision making (MCDM). Moreover, DDMs which concomitantly pursue multiple objectives are analyzed, with special emphasis given to hybrid models with scalar and trajectorial objectives as well as models with multiple trajectorial objectives. Introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs with nonexistent utopia trajectory or with sustainability as objective. The notions of efficiency and sustainability are formally developed and counterposed by means of the construct of trajectorial objective, which is presented here, along with its implications, as a natural advance upon the classical scalar objective.