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.

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Year of publication:	2001
Authors:	Bogetoft, Peter ; Hougaard, Jens Leth
Institutions:	Institut for Fødevare- og Ressourceøkonomi, Københavns Universitet
Subject:	efficiency \| preferences \| incentives \| bargaining \| planning \| Productivity Analysis

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Extent:	application/pdf
Series:	Unit of Economics Working papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Food and Resource Economic Institute>Unit of Economics Working papers Number 24191
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005477250