Market Failures and Misallocation: Decomposing Factor Misallocation by Source

  • Ajay Shenoy, Ann Arbor, AJAY SHENOY
  • Published 2012

Abstract

This paper defines a measure of factor allocative efficiency that decom­ poses into measures of factor market versus financial market efficiency. The implementation of this measure and its decomposed components is then demonstrated in the rice sector in Thailand to answer a longstanding question of how flawed rural land and labor markets are relative to… (More)

Topics

11 Figures and Tables

Cite this paper

@inproceedings{Shenoy2012MarketFA, title={Market Failures and Misallocation: Decomposing Factor Misallocation by Source}, author={Ajay Shenoy and Ann Arbor and AJAY SHENOY}, year={2012} }