Boussemart, Jean-Philippe; Crainich, David; Leleu, Hervé - IÉSEG School of Management, Université Catholique de Lille - 2012
The paper addresses the decomposition of firms’ profit inefficiency (i.e. the difference between the observed profit … this inefficiency into price expectation error, expected profit loss due to risk preference and technical inefficiency …. Within this decomposition, the allocative inefficiency is explicitly defined as the result of price expectation error and …