Discover how allocational efficiency optimizes resource use, balancing societal needs with economic growth. Learn essential ...

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The paper investigates the effect of state ownership on efficiency of firms using an econometric model that allows for the separation of technical from allocative efficiency in a dynamic setting. The ...

This is a preview. Log in through your library . Abstract This paper generalizes a globally concave and flexible cost function to accommodate allocative distortions. These distortions are introduced ...