1984
DOI: 10.1017/s0081305200016575
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Methods for Evaluating Economic Efficiency in Agricultural Marketing

Abstract: An economically efficient allocation of resources maximizes consumer and producer surpluses. It can be shown that under perfectly competitive conditions, an efficient allocation of resources will evolve. It may be the global welfare optimum, but for a given set of conditions, consumer and producer surpluses can be maximized.

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Cited by 8 publications
(5 citation statements)
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“…Economic efficiency (%) for weight gain was expressed as Kg rabbit production thought the study and estimated using Kilmer and Armbruster (1984) equation as following:…”
Section: Economic Efficiencymentioning
confidence: 99%
“…Economic efficiency (%) for weight gain was expressed as Kg rabbit production thought the study and estimated using Kilmer and Armbruster (1984) equation as following:…”
Section: Economic Efficiencymentioning
confidence: 99%
“…For economic efficiency (EE) evaluation of using the input-output analyses Kilmer and Armbruster (1984) for the tested feeds and additives in does' rabbit diets. The study used the records of total feed consumption/dam and feed consumption for does with their litter and total weight rabbits/dam up to the local market prices for both costs and return.…”
Section: Economic Efficiencymentioning
confidence: 99%
“…Hubbard and O'Brien (2012) define the economic efficiency as a result of the market in which the marginal benefit of the consumer of the last unit produced is equal to the marginal cost of production and in which the sum of the consumer surplus and the producer surplus is at the maximum. According to Kilmer and Armbruster (1984), it is an economically efficient allocation of resources, maximizing the consumer and producer surpluses. Skaggs and Carlson (1996) define the economic efficiency as obtaining the maximum benefit for the given cost or minimizing the cost for the given benefit.…”
Section: Doi: 1017221/153/2014-agriceconmentioning
confidence: 99%