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X-inefficiency

X-inefficiency is a concept used in economics to describe instances where firms go through internal inefficiency resulting in higher production costs than required for a given output. This inefficiency can result from various factors, such as outdated technology, inefficient production processes, poor management, and lack of competition, and it results…

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Overview

Causes to X-inefficiency

Measurements of X-inefficiency

Solutions of X-inefficiency

Advanced semantic analysis

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Map overview Semantic statistics

X-inefficiency

Nodes32
Edges31
Triples45
Avg. degree1.94
Density0.0625
Components1

How this topic connects Entity context

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X-inefficiency

Top relations

related to Solutions of X-inefficiency · 10
X-inefficiency → Antitrust Laws, Government Regulation, Hovenkamp, In, Removing Barriers, Rules, Sappington, Stiglitz, Studies, The
related to Arguments about X-inefficiency · 7
X-inefficiency → According, Based, Empirical, Leibenstein, Proponents, The, Therefore
has cause · 5
X-inefficiency → Bergsman, Consequently, Monopoly Effect, Suggested, The
related to Conclusion · 5
X-inefficiency → By, However, In, Industries, These
related to overview · 3
X-inefficiency → Companies, For, The
is a · 2
X-inefficiency → concept used in economics to describe instances where firms go through internal inefficiency resulting in higher production costs than required for a given output, much more realistic explanation of corporate behaviour

Important terminology Word statistics

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Important terminology

efficiency costs firms competition output management monopoly companies level production inefficiency productive given concept economic leibenstein may lack market profits

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
X-inefficiencyis aconcept used in economics to describe instances where firms go through internal inefficiency resulting in higher production costs than required for a given output0.90text
X-inefficiencyis amuch more realistic explanation of corporate behaviour0.90text
over investmentinstance ofThe sources of X-inefficiency have been ascribed to things0.80text
empire building by managersinstance ofThe sources of X-inefficiency have been ascribed to things0.80text
lack of motivation stemming from a lack of competitioninstance ofThe sources of X-inefficiency have been ascribed to things0.80text
and pressure by labor unions to pay above-market wages.Suggested by Bergsmaninstance ofThe sources of X-inefficiency have been ascribed to things0.80text
The sum of X-inefficiencyinstance ofThe sources of X-inefficiency have been ascribed to things0.80text
monopoly returns is much larger than costs of mis-allocation.In realityinstance ofThe sources of X-inefficiency have been ascribed to things0.80text
industries with strong monopoly capacity will be more restricted by legal regulationsinstance ofThe sources of X-inefficiency have been ascribed to things0.80text
strained industrial relationsinstance ofThis arises from various factors0.80text
As a result employees may purposefully take extended breaksinstance ofThis arises from various factors0.80text
not exert their best effort in order to increase profitabilityinstance ofThis arises from various factors0.80text

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