The measurement of dynamic productive efficiency

Article Abstract:

A study was conducted to develop a model of dynamic technical efficiency by generalizing the concept of static efficiency advocated by M.J. Farrell. The adjustment cost approach was utilized to formulate the generalization. Results indicated that the technique of adjustment costs supports the function of incremental inputs with current inputs and different types of adaptive behavior on the part of companies.

Research, Analysis, Industrial efficiency, Economic efficiency, Industrial productivity, Microeconomics

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The (non-) equivalence of input and output taxes under monopoly

Article Abstract:

Governments can use tax profile continuums to tax monopolies that pollute, and can achieve first-best allocation, transferring income into the public sector from the firm.

Economic aspects, Pollution, Taxation, Monopolies

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