Rational Inefficiencies

In this paper, we suggest that inefficiency may be an indirect, on-the-job compensation to agents in an organization. We show how to use actual production data to reveal the trade-offs between different inefficiencies (slacks). Moreover, we discuss how to use this to improve productivity analysis as well as decision making and incentive provisions in organizations.


Issue Date:
2001
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/24191
Total Pages:
34
Series Statement:
Unit of Economics Working Paper 2001/14




 Record created 2017-04-01, last modified 2017-04-04

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