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

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

Zhang, Jie; Quigley, Neil; Evans, Lewis

URI: http://researcharchive.vuw.ac.nz/handle/10063/3911

Date: 2000

Rights: Permission to publish research outputs of the New Zealand Institute for the Study of Competition and Regulation has been granted to the Victoria University of Wellington Library. Refer to the permission letter in record: http://researcharchive.vuw.ac.nz/handle/10063/3777

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.

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