Rational Inefficiencies

Peter Bogetoft and Jens Hougaard ()

No 24191, Unit of Economics Working Papers from Royal Veterinary and Agricultural University, Food and Resource Economic Institute

Abstract: In this paper, we suggest that inefficiency may be an indirect, on-the-job compensation to agents in an organization. We show how to use actual production data to reveal the trade-offs between different inefficiencies (slacks). Moreover, we discuss how to use this to improve productivity analysis as well as decision making and incentive provisions in organizations.

Keywords: Productivity; Analysis (search for similar items in EconPapers)
Pages: 34
Date: 2001
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Citations: View citations in EconPapers (8)

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Journal Article: Rational Inefficiencies (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:rvaewp:24191

DOI: 10.22004/ag.econ.24191

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