The new household economics, general X‐efficiency theory, and developing countries
Bibliographic Data
| ID | 20301404 |
|---|---|
| Authors | Jeffrey James (0000-0001-7012-4963, Boston University, corresponding author) |
| Year | 1983 |
| Volume | 19 |
| Issue | 4 |
| Pages | 485-503 |
| Publication date | 1983-07-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of Development Studies (JOURNAL) |
| Journal identifiers | ISSN: 0022-0388 • E-ISSN: 1743-9140 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00220388308421878 |
| OpenAlex | W2135413542 |
| Language | EN |
| Citations received | 1 |
| References cited | 16 |
Economics has traditionally been concerned with efficiency in production rather than consumption. There is a vast literature on the former, almost none on the latter. Yet common observation suggests consumer choice can be a significant source of welfare loss. This paper, accordingly, attempts to provide a framework in which problems of consumption efficiency can be analysed. This is accomplished by regarding the household as a unit which produces characteristics from purchased inputs and labour‐time and in which X‐inefficiencies similar to those which arise in the firm are frequently encountered. Some, but not all forms of X‐inefficiency are shown to be more pronounced in developing as compared to developed countries
Consumption (sociology) · Developing country · Economic growth · Economics · Inefficiency · Market economy · Microeconomics · Production (economics) · Public economics · Unit (ring theory) · Welfare · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics
| Citations per year | 0.03 |
|---|---|
| Citation span | 1986 - 1986 (1) |
| Highly cited | No |