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optimum allocation
(redirected from Allocative efficiency)

   Also found in: Wikipedia 0.04 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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The nonliberal economies of Japan and Germany are both less concerned with short-term allocative efficiency and the elimination of monopoly rents than the Anglo-American economies.
Henry(2002), "Capital Account Liberalisation : Allocative Efficiency or Animal Spirits?
Indeed, Japan literally feeds off of our blind adherence to such outdated concepts as "consumer welfare," "free trade," and "global allocative efficiency.
 
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