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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

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  • Zhang, Jie
  • Quigley, Neil
  • Evans, Lewis

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.

Suggested Citation

  • Zhang, Jie & Quigley, Neil & Evans, Lewis, 2000. "An Essay on the Concept of Dynamic Efficiency and its Implications for Assessments of the Benefits from Regulation and Price Control," Working Paper Series 19010, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    • Handle: RePEc:vuw:vuwcsr:19010
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    File URL: https://ir.wgtn.ac.nz/handle/123456789/19010
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    References listed on IDEAS

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