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- Title
A NOTE ON X-EFFICIENCY.
- Authors
Crew, M. A.; Rowley, C. K.
- Abstract
Features comments on the analysis of the effects of X-inefficiency as an additional welfare loss from monopoly. Failure of the analysis to take into account the significant differences between different forms of welfare loss; Recommendation of the authors for further research into the X-inefficiency concept; Representation of X-inefficiency an unambiguous welfare loss under second-best as well as under first-best conditions.
- Subjects
ECONOMICS; MONOPOLIES; COMPETITION; MONOPOLY capitalism; WELFARE economics; ECONOMIC policy
- Publication
Economic Journal, 1972, Vol 82, Issue 328, p1395
- ISSN
0013-0133
- Publication type
Article
- DOI
10.2307/2231319