X-efficiency and technical efficiency

@article{Button1994XefficiencyAT,
  title={X-efficiency and technical efficiency},
  author={Kenneth John Button and Thomas G. Weyman-Jones},
  journal={Public Choice},
  year={1994},
  volume={80},
  pages={83-104}
}
Efficiency measurement has become a very popular field in applied economics in recent years, and with this interest there has been a large intellectual investment in refining the empirical methods available to researchers in the area. In this paper we relate these developments to Harvey Leibenstein's original 1966 insight into the psychological ideas underlying the notion that economic agents may not achieve maximal efficiency in their productive decisions and behaviour. Of course, it is always… CONTINUE READING

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