An Essay on the Concept of Dynamic Efficiency and its Implications for Assessments of the Benefits from Regulation and Price Control

Jie Zhang, Neil Quigley and Lewis Evans

No 19010, Working Paper Series from Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation

Abstract: Allocative and productive efficiency are static concepts in the sense that they relate to welfare at a point in time. Allocative and productive efficiency reflect the outcome at a single point in time of resource allocation and production decisions.

Keywords: dynamic efficiency; regulation (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcsr:19010

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