General Concepts and Computation Methods of Efficiency
16 Pages Posted: 3 Nov 2010
Date Written: September 29, 2010
This general note critically evaluates on the concept of efficiency deals, firstly, on the theoretical concepts which uses as the dictum to understand and asses the economic efficiency namely Pareto, and Kaldo-Hicks efficiency and its revised forms; secondly, what are the types of measurement of efficiency in economics; and finally, the methodologies which used to calculate those efficiency measures.
Keywords: Efficiency, Pareto Efficiency, Kaldor Hicks Efficincy, Legal Efficiency, Price Efficiency, Technical Efficiency, Disposal Rate, Scale Efficiency, Total Factor Productivity, Data Envelopment Analysis, Frontier Production Fuction, Malmquist Index
JEL Classification: C18, D24, D61, D14, H 21
Suggested Citation: Suggested Citation