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optimum allocation
(redirected from Allocative efficiency)

    Also found in: Financial, Wikipedia 0.02 sec.
optimum allocation [′äp·tə·məm ‚al·ə′kā·shən]
(statistics)
A procedure used in stratified sampling to allocate numbers of sample units to different strata to either maximize precision at a fixed cost or minimize cost for a selected level of precision.
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According to 'orthodox neoclassical theory,' trade liberalisation was supposed to enhance allocative efficiency and lead to faster economic growth.
External Liberalization in Asia, Post-Socialist Europe, and Brazil by Slavov, Slavi T. / Comparative Economic Studies
Essays by Chief Judge Frank Easterbrook, Judge Douglas Ginsburg, and Professor George Priest explore the considerable influence that Bork's writings have had in refining contemporary conceptions of exclusionary conduct, promoting an understanding of the Sherman Act as directed primarily to allocative efficiency, and distilling the economic teaching of the Chicago School into a single, workable standard for antitrust analysis.
Preface by Porter, Robert R. / Harvard Journal of Law & Public Policy
Other than the two mentioned, there are other forms of efficiency measures and these include: Kaldor-Hicks Efficiency, Allocative Efficiency, Distributive Efficiency and others.
Different Types of Economic Efficiency Measures by Sam Miller / Business community
 
 
 
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