X-efficiency: economists and managers view it differently
Robert Mefford ()
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Robert Mefford: University of San Francisco
Journal of Behavioral Economics for Policy, 2017, vol. 1, issue 2, 25-30
Leibensteinâ€™s X-efficiency theory offers a view of productivity that differs from traditional neoclassical economics in terms of whether inefficiency exists, what causes it, and how to eliminate it. Extensive discussion of X-efficiency has occurred among economists but little has been said by the group that in the theory is primarily responsible for reducing inefficiency â€”managers of firmsâ€”. This article examines the viewpoints of economists and managers on the basic tenets of X-efficiency theory and what the policy implications for firms and society are of these differing views.
Keywords: X-efficiency; management; productivity; socio-technical theory; economic development (search for similar items in EconPapers)
JEL-codes: D01 D20 D21 D24 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:beh:jbepv1:v:1:y:2017:i:2:p:25-30
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