Just a quick note......
I am still new with this "blog" thing. So, I won't be posting as much, but I will try my best.
Feel free to drop me any comments at: X.Efficiency@gmail.com
posted by X at 11:59 p.m.
X-Efficiency
Comments are welcome at X.Efficiency@gmail.com
Saturday, February 12, 2005
Feel free to drop me any comments at: X.Efficiency@gmail.com
What is X-Efficiency?
- "A monopolist may be X-inefficient either because it does not have an incentive to be more efficient due to lack of competition or it does not have the opportunity to observe and learn from other more efficient firms in the industry. In an industry high profits may imply high prices due to x-inefficiency. However, excess profits do not necessarily mean that consumers are paying higher prices. And, lack of excess profit does not necessarily indicate competition or cost efficiency." Leibenstein, Harvey. 1966. "Allocative Efficiency vs. 'X-Efficiency'," American Economic Review 56, (June), pp. 392-415
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- Dave Radio
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- I'm Here at a Place on a Thing in a Space
- In The Dead of the Night
- Leone's Blog
- Mentok the Mind-Taker
- Responsible Government League
- Stardog Photos
- V for Victory
- When Irish Eyes Are Smiling
About Economics
- Aplia Econ Blog
- Becker-Posner Blog (The)
- Brad DeLong's Semi-Daily Journal
- Brad DeLong's Website
- Brad Setser's Web Log
- EC 10: Principles of Economics at Harvard
- Economist (The)
- Freakonomics Authors' Blog
- Greg Mankiw's Blog
- Marginal Revolution - By Tyler Cowen & Alex Tabarrok
- More to come....
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- Norman Spectator - By Norman Spector
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3 Comments:
I like the blog Dan! You choose a very cool layout!
I'll link it to mine, if you don't mind.
Feel free to link it to your page (I should link you guys' to mine as well!!)
Again, I won't do as much updating as you guys though!!
dc
Anybody knows how to add a "section" to the left hand side of my blog for links to other pages?
Seems like my template doesn't have this "feature", but I'm sure that I can make it happen with some HTML coding.
dc
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