Efficiency (economics)

There are several measures of economic efficiency:

Pareto efficiency
Kaldor-Hicks efficiency
X-efficiency
Allocative efficiency

See also inefficiency.

For applications of these principles see:

Efficient market hypothesis
Welfare economics
production theory basics

Retrieved from "http://www.mywiseowl.com/articles/Efficiency_%28economics%29"

This page has been accessed 637 times. This page was last modified 18:13, 15 Jun 2004. All text is available under the terms of the GNU Free Documentation License (see Copyrights for details).