Efficiency

X-efficiency
A comprehensive analysis of X-efficiency, its meaning, and significance in economics.
Efficiency Frontier
Exploring the Efficiency Frontier and its significance in economics, closely related to the Production Possibility Frontier.
Cost-Effectiveness
The achievement of results in the most economical way, assessing efficiency by resource utilization at the lowest possible cost.
Efficiency
An overview of the concept of efficiency in economics, its types, implications, and associated frameworks.
Efficiency Audit
An examination process assessing organizational efficiency, implemented either internally for profitability improvement or externally by regulatory bodies.
Efficiency–Equity Trade-off
The observation that policies designed to achieve economic efficiency often have detrimental effects on distributional equity.
Hausman Test
Model specification test to compare estimators for consistency and efficiency.
Learning Curve
Understanding the Learning Curve: its definition, historical context, and major analytical frameworks.
Output per Hour Worked
A measure of output per unit of labour input, used in comparing productivity.
Productive Efficiency
An exploration of the concept of productive efficiency within economics and its various theoretical perspectives.
Rationalization - Definition and Meaning
Rationalization refers to the reorganization of production processes in the interest of enhancing efficiency or profits, often involving significant, non-marginal changes such as the centralization or dispersion of production facilities.
X-inefficiency
An examination of the failure of firms or organizations to achieve maximum possible efficiency with their inputs.