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Economic efficiency ppt @ bec doms

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Babasab Patil
Babasab Patil

Economic efficiency ppt @ bec doms

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ECONOMIC EFFICIENCY
ECONOMIC EFFICIENCY
ECON EFFICIENCY: CONDITIONS ,[object Object],[object Object],[object Object]
EQUAL MARGINAL BENEFIT ,[object Object],[object Object],[object Object]
EQUAL MARGINAL COST ,[object Object],[object Object],[object Object]
MARGINAL BENEFIT/COST ,[object Object],[object Object]
ECONOMIC EFFICIENCY V.S. TECHNICAL EFFICIENCY ,[object Object],[object Object],[object Object],[object Object]
ADAM SMITH ’ S INVISIBLE HAND: PRICE ,[object Object],[object Object],[object Object],[object Object],[object Object]
INVISIBLE HAND ,[object Object],[object Object],[object Object],[object Object]
EXAMPLE OF INVISIBLE HAND ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
INVISIBLE HAND ,[object Object],[object Object],[object Object],[object Object],[object Object]
DE-CENTRALIZATION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
DECENTRALIZATION ,[object Object],[object Object],[object Object],[object Object]
UCLA ANDERSON SCHOOL, 1989 ,[object Object],[object Object],[object Object]
TAX: COMMODITY TAX ,[object Object],[object Object],[object Object],[object Object],[object Object]
TAX: EQUILIBRIUM 0 800 900 e Quantity (Thousand tickets a year) Price ($ per ticket) supply demand $10 b h 804 794 920
TAX: SURPLUSES 0 800 900 e Quantity (Thousand tickets a year) Price ($ per ticket) supply demand $10 b h 804 794 920 f d j buyer surplus loss = fdge + egb seller surplus loss = djhg + ghb revenue gain = fdge + djhg g
INCIDENCE ,[object Object],[object Object],[object Object]
RETAILING: HOW SHOULD MANUFACTURER CUT PRICE? ,[object Object],[object Object]
INCIDENCE: REDUCING RETAIL PRICES

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Economic efficiency ppt @ bec doms

Hinweis der Redaktion

  1. 1
  2. 2 Intellectual foundation for capitalist system: markets work better than central planning; to some extent, similar principle applies within an organization -- internal markets; study limitations of internal markets later in Chapter 12 (Asymmetric Information) and 13 (Incentives and Organization) This Chapter concludes presentation of Competitive Markets.
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9 Competitive market achieves three sufficient condition for economic efficiency: buyers and sellers in a market system act independently and selfishly, yet the overall outcome is efficient i) users buy until marginal benefit equals price; ii) producers supply until marginal cost equals prices; iii) users and producers face same price.
  10. 10
  11. 11
  12. 12
  13. 13 Decentralization achieves conditions for economic efficiency
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19 Apply competitive market model
  20. 20 Incidence the same with wholesale price cut and coupons (assuming all consumers use coupons)