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- Allocative_efficiency abstract "Allocative efficiency is a state of the economy in which production represents consumer preferences; in particular, every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing. At the point of allocative efficiency, price is equal to marginal cost. At this point the social surplus is maximized with no deadweight loss, or the value society puts on that level of output produced minus the value of resources used to achieve that level, yet can be applied to other things such as level of pollution. Allocative efficiency is the main tool of welfare analysis to measure the impact of markets and public policy upon society and subgroups being made better or worse off.Although there are different standards of evaluation for the concept of allocative efficiency, the basic principle asserts that in any economic system, choices in resource allocation produce both "winners" and "losers" relative to the choice being evaluated. The principles of rational choice, individual maximization, utilitarianism and market theory further suppose that the outcomes for winners and losers can be identified, compared and measured.Under these basic premises, the goal of maximizing allocative efficiency can be defined according to some neutral principle where some allocations are objectively better than others. For example, an economist might say that a change in policy increases allocative efficiency as long as those who benefit from the change (winners) gain more than the losers lose.".
- Allocative_efficiency wikiPageID "478097".
- Allocative_efficiency wikiPageLength "4316".
- Allocative_efficiency wikiPageOutDegree "17".
- Allocative_efficiency wikiPageRevisionID "682521865".
- Allocative_efficiency wikiPageWikiLink Category:Economic_efficiency.
- Allocative_efficiency wikiPageWikiLink Category:Price_controls.
- Allocative_efficiency wikiPageWikiLink Contract_theory.
- Allocative_efficiency wikiPageWikiLink Deadweight_loss.
- Allocative_efficiency wikiPageWikiLink Externalities.
- Allocative_efficiency wikiPageWikiLink Externality.
- Allocative_efficiency wikiPageWikiLink Financial_market_efficiency.
- Allocative_efficiency wikiPageWikiLink Kaldor-Hicks_efficiency.
- Allocative_efficiency wikiPageWikiLink Kaldor–Hicks_efficiency.
- Allocative_efficiency wikiPageWikiLink Market_failure.
- Allocative_efficiency wikiPageWikiLink Monopoly.
- Allocative_efficiency wikiPageWikiLink Oligopoly.
- Allocative_efficiency wikiPageWikiLink Pareto_efficiency.
- Allocative_efficiency wikiPageWikiLink Production-possibility_frontier.
- Allocative_efficiency wikiPageWikiLink Production–possibility_frontier.
- Allocative_efficiency wikiPageWikiLink Productive_efficiency.
- Allocative_efficiency wikiPageWikiLink Utilitarianism.
- Allocative_efficiency wikiPageWikiLink X-inefficiency.
- Allocative_efficiency wikiPageWikiLinkText "Allocative efficiency".
- Allocative_efficiency wikiPageWikiLinkText "Allocative inefficiency".
- Allocative_efficiency wikiPageWikiLinkText "Allocative".
- Allocative_efficiency wikiPageWikiLinkText "allocative efficiency".
- Allocative_efficiency wikiPageWikiLinkText "allocative".
- Allocative_efficiency wikiPageWikiLinkText "allocatively efficient".
- Allocative_efficiency wikiPageWikiLinkText "distribution of a social revenue".
- Allocative_efficiency wikiPageWikiLinkText "increases consumer utility".
- Allocative_efficiency wikiPageWikiLinkText "inefficiency".
- Allocative_efficiency wikiPageWikiLinkText "inefficient".
- Allocative_efficiency wikiPageWikiLinkText "optimal allocation".
- Allocative_efficiency hasPhotoCollection Allocative_efficiency.
- Allocative_efficiency wikiPageUsesTemplate Template:Refimprove.
- Allocative_efficiency wikiPageUsesTemplate Template:Reflist.
- Allocative_efficiency subject Category:Economic_efficiency.
- Allocative_efficiency subject Category:Price_controls.
- Allocative_efficiency hypernym State.
- Allocative_efficiency type Article.
- Allocative_efficiency type PopulatedPlace.
- Allocative_efficiency type Article.
- Allocative_efficiency comment "Allocative efficiency is a state of the economy in which production represents consumer preferences; in particular, every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing. At the point of allocative efficiency, price is equal to marginal cost.".
- Allocative_efficiency label "Allocative efficiency".
- Allocative_efficiency sameAs Eficiencia_asignativa.
- Allocative_efficiency sameAs Allokointitehokkuus.
- Allocative_efficiency sameAs m.02fb7y.
- Allocative_efficiency sameAs Efektívnosť_ekonomiky.
- Allocative_efficiency sameAs Алокативна_ефикасност.
- Allocative_efficiency sameAs Allokativ_effektivitet.
- Allocative_efficiency sameAs Q4175604.
- Allocative_efficiency sameAs Q4175604.
- Allocative_efficiency wasDerivedFrom Allocative_efficiency?oldid=682521865.
- Allocative_efficiency isPrimaryTopicOf Allocative_efficiency.