Effort and efficiency in the neoclassical firm ∗
Bibliographic Data
| ID | 12229162 |
|---|---|
| Authors | Donald W Katzner (corresponding author) |
| Year | 1994 |
| Volume | 6 |
| Issue | 1 |
| Pages | 62-71 |
| Publication date | 1994-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Review of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0953-8259 • E-ISSN: 1465-3982 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/09538259400000004 |
| OpenAlex | W4211104850 |
| Language | EN |
| References cited | 6 |
This article demonstrates that the production function assumed in typical, neoclassical, microeconomic analyses is rather specialized; when worker effort is variable it will obtain only under institutional conditions that are, in part, idealized versions of those described by Ouchi (1980). It is also shown that if the latter conditions are not met, then the firm need not be technically efficient and the allocation of effort within it is not necessarily ‘internally’ Pareto optimal in production
Economics · Function (biology · Mathematical economics · Mathematical optimization · Microeconomics · Multi-objective optimization · Operations management · Pareto efficiency · Pareto optimal · Pareto principle · Production (economics · Production function · Variable (mathematics · Economic Theory and Institutions · Economic Theory and Policy · Mathematics · Political Economy and Marxism
| Highly cited | No |
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