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Economic Geography Glossary

(http://faculty.washington.edu/krumme/gloss/x.html)

xX

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- X -

X-Efficiency / X-Inefficiency (Leibenstein)

Managers are merely x-efficient due, to (1) selective rationality; (2) individual inadequacies; (3) discretionary effort; (4) pervasive inertia; (5) organizational entropy; see Leibenstein, JEL June 1979, pp .484ff . [see also: Hayter, p.251]


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