Free competitive markets will automatically take care of allocative efficiency.

Critics believe this will only occur when the public demands a better allocative efficiency.

So far we have discussed the impact of indirect taxes on allocative efficiency.

The first is the question of allocative efficiency.

An economy may have productive efficiency but not allocative efficiency.

The result is a loss of allocative efficiency.

Suppose we are interested only in allocative efficiency.

It is possible to have Pareto efficiency without allocative efficiency.

The key concept for normative economic analysis is efficiency, in particular, allocative efficiency.

Externalities and public goods are classic cases of market failure where intervention may improve allocative efficiency.

Government intervention in a market economy should be assessed against the criteria of distributional equity and allocative efficiency.

They help to increase allocative efficiency.

Efficiency in this sense is gauged in terms of allocative efficiency.

That aside, VAT does fit the rules of allocative efficiency quite well.

The first-best criterion relates only to allocative efficiency.

The social cost of this monopoly power is a decrease in both allocative efficiency and the equity of income distribution.

CICs assume allocative efficiency amongst members of the community.

We began by showing that in the absence of any distortions a freely competitive equilibrium would ensure allocative efficiency.

When a market fails to achieve allocative efficiency and resources are not allocated efficiently, there is said to be market failure.

Allocative efficiency refers to when prices function properly, markets tend to allocate resources to their most valued uses.

Society therefore loses from the imposition of a minimum wage due to the loss of allocative efficiency.

In addition, allocative efficiency may be improved if the shift to an M-form of internal organization leads to behaviour that is more profit-oriented.

Simple double auctions tend to achieve high levels of allocative efficiency even when they are populated by zero-intelligence traders.

According to the approach of mainstream neoclassical economics, anti-price gouging laws prevent allocative efficiency.

One solution to the allocative efficiency problem posed by natural monopolies is public ownership, as in Britain in the postwar period.