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Efficiency in Production and Consumption

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Book cover Applications of Modern Production Theory: Efficiency and Productivity

Part of the book series: Studies in Productivity Analysis ((SPAN,volume 9))

Abstract

Efficiency is what makes a thing what it is, serving a purpose or realizing a utility; it is a relation between ends and means. Its measure is the extent to which these are matched, so with given ends it would be the choice criterion for the means. It is a pervasive idea, and it would be excessive to regard it as belonging peculiarly to economics.

Research supported by a grant from the Social Sciences and Humanities Research Council of Canada.

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Authors
  1. Sydney N. Afriat
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Editors and Affiliations

  1. Rutgers University, USA

    Ali Dogramaci

  2. Department of Economics, Southern Illinois University, IL 62901, Carbondale, USA

    Rolf Färe

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© 1988 Kluwer Academic Publishers, Boston

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Afriat, S.N. (1988). Efficiency in Production and Consumption. In: Dogramaci, A., Färe, R. (eds) Applications of Modern Production Theory: Efficiency and Productivity. Studies in Productivity Analysis, vol 9. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-3253-1_11

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  • DOI: https://doi.org/10.1007/978-94-009-3253-1_11

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-7959-4

  • Online ISBN: 978-94-009-3253-1

  • eBook Packages: Springer Book Archive

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