From a structuralist perspective, a RwL is a research infrastructure in which interpretative schemes and norms as well as allocative
and authoritative resources are mobilized for real-world experiments.
The production efficiency was decomposed into technical, allocative
and economic efficiency.
While this idea is not new, it was Hsieh and Klenow (2009), using detailed plant-level data on the Chinese and the Indian manufacturing sectors, who first estimated the quantitative importance of the within-country allocative
efficiency on aggregate TFP.
efficiency, is substantial in an accounting sense.
Some studies have extended their analyses to deal with the issues of scale effect and allocative
uses in which the resources are employed to execute a production-process-research project--a research-project aimed at discovering a production process whose use will lower the average allocative
total cost or perhaps the average private total cost of producing a relevant quantity of an existing product (where the allocative
cost of using a resource in any way equals the allocative
value the resource would have generated in its alternative use [the "opportunity cost" of using the resource in the way in question]);
output in a market characterized by allocative
efficiency are Pareto
This entails, of course, a more sophisticated evaluation than that involved in the assessment of specific allocative
In its variable returns to scale (VRS) method, DEA does not require a priori knowledge of prices for the inputs and outputs so as to compute allocative
efficiency of decision making units.
Assuming that farming in order to meet profit should allocate minimal cost of persisted input, or it meant farming successes to meet allocative
A degree to which a given auction design manages to maximize the total surplus will be referred to as its allocative