什么是技术效率、代理效率?
发布网友
发布时间：2023-05-02 12:46
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热心网友
时间：2023-10-15 22:16
firm uses the least-costproction process
ΔT: difference in technical efficiency
difference between costs ofin-house proction costs and market costs
It is positive (outside supplier can aggregate demand from allbuyers and benefit from economies of scale)
Declines when asset specificity increase
Agency efficiency
Exchange of goods and services in the vertical chain has been organizedto minimize the coordination, agency, and transaction cost.
ΔA: difference in ‘exchange’costs when a component is proced in-house (agency and influence costs) orpurchased on the market (negotiation, writing and enforcing contract: hold upcosts…)
Declines when assetspecificity increases
