Economic efficiency

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  • Large expenses associated with rice production and dependence on energy related inputs like fuel and fertilizer in particular compel rice producers to use management practices that are input efficient and result in least cost. This study uses data envelopment analysis (DEA) to calculate technical efficiency (TE), allocative efficiency (AE), and economic efficiency (EE) for rice production in Arkansas at the field level using data from 137 fields enrolled in the University of Arkansas, Rice Research Verification Program (RRVP) from 2005 to 2011.

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  • Chapter 9 - Pure competition. After completing this unit, you should be able to: The four basic market models, conditions for pure competition, profit maximization for competitive firms, the competitive firm supply curve, industry entry and exit, industry cost structure, economic efficiency.

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  • In this chapter we showed you why economists and policymakers believe well-functioning competitive markets can lead to economically efficient levels of production and consumption in equilibrium. This chapter examined six important reasons for market failure and suggested some ways that government policymakers may remedy these failures.

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  • Part II of this book focuses on financial markets, markets in which funds are trans- ferred from people who have an excess of available funds to people who have a short- age. Financial markets such as bond and stock markets are crucial to promoting greater economic efficiency by channeling funds from people who do not have a pro- ductive use for them to those who do. Indeed, well-functioning financial markets are a key factor in producing high economic growth, and poorly performing financial markets are one reason that many countries in the world remain desperately poor.

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  • Measures the economic efficiency of the project: if net benefit is positive, the project is a more efficient allocation of resources than the alternative (the world “without” the project).

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  • In this chapter you will learn: The foundation of economics, the nature of economic efficiency, how to achieve economic growth, the two general types of economic systems society can choose to co-ordinate production & consumption decisions, what the circular flow model is.

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  • When you finish this chapter, you should: Understand the information given by a production function; explain two efficiency concepts: technical efficiency and economic efficiency; define and give examples of three types of inputs used in production: variable inputs, fixed inputs, and quasi-fixed inputs;...

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  • Tài liệu về kinh tế học pháp luật. Tài liệu bằng tiếng Anh, mời các bạn cùng tham khảo. Excursus: Coase Theorem: “In a world of zero transaction costs an efficient allocation of resource will ensue regardless of the initial distribution of resources.“

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  • What can’t be measured can’t be improved. Even though Supply Chain Management is the most talked about topic today, currently no tool is available to measure any manufacturing organizations’ supply chain efficiency. Unlike productivity and or quality measurement, where the parameter can be measured objectively and expressed in unit or ratio, supply chain measurement is currently more of a qualitative statement.

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  • If better management (BMP) was adopted in Vietnam there is evidence that the current trends and past environmental degradation can be stopped and even reversed, and shrimp production efficiency can be increased.

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  • Three essays consider implications of the strong association between student background characteristics and academic performance. Chapter One considers the incentives that school choice policies might create for the efficient management of schools. These incentives would be diluted if parents prefer schools with desirable peer groups to those with inferior peers but better policies and instruction. I model a “Tiebout choice” housing market in which schools differ in both peer group and effectiveness.

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  • Perform the essential function of channeling funds from economic players that have saved surplus funds to those that have a shortage of funds Promotes economic efficiency by producing an efficient allocation of capital, which increases production Directly improve the well-being of consumers by allowing them to time purchases better

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  • The members of America’s Health Insurance Plans (AHIP) are committed to working with policymakers, health care providers, and consumers to contribute to our common fundamental interests in promoting a vibrant health care system and a vital economy. For the nation, and in the states, lack of health insurance is a major economic drain, one that costs $50 billion annually. We believe that access to health insurance coverage should be our number one domestic priority. In late 2006, we released a blueprint for achieving that goal.

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  • Disability is an important issue for the transition countries of Eastern Europe and the former Soviet Union. Not only is a significant portion of their population either in poor health or disabled-with implications for labor force participation and productivity-but their aging demographics project an increase in the share of disabled people, raising concerns about the sustainability of social protection programs.

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  • AN INQUIRY ll’TO THE EFFECTS OF PERSONALITY VARIABLES ON THE ECONOMIC RETURN TO EDUCATION The potential efficiency-enhancing effects of increased Tiebout choice operate through the assumption that parents prefer schools with j μ -promoting policies. To the extent that this is true, Tiebout choice induces a positive correlation between j μ and j x , since high- i x families will outbid lower- i x families for homes near the most preferred schools.

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  • 3 functions: 1/ Medium of Exchange—promotes economic efficiency by minimizing the time spent in exchanging goods and services Must be easily standardized Must be widely accepted Must be divisible Must be easy to carry Must not deteriorate quickly 2/ Unit of Account—used to measure value in the economy: we measure the value of goods & services in terms of money. 3/ Store of Value— power - used to save purchasing power; most liquid of all assets (that why we want to keep money) but loses value during inflation ...

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  • Since other public investments can provide greater short-term employment and business activity per dollar spent, transportation projects would not be selected if economic stimulation were the only objective. Transportation investments justified if they also increase future economic productivity by reducing business transportation costs, such as traffic congestion and energy consumption, or achieve other objectives such as improved mobility for non-drivers.

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