Allocational efficiency, also known as allocative efficiency, is a characteristic of an efficient market where the optimal distribution of goods in an economy meets the needs and wants of society.

One way is to think of efficiency as allocative – that is distributing resources according to their correct use or need. Another way is to think of efficiency in technical terms – that is ...

Using these estimates, we assess the market’s allocative efficiency by comparing actual input allocations to optimal allocations given various objectives. Overall, the market for science is moderately ...

Currently, the United States leads the world among our sample countries in allocative efficiency, a measure of how well an economy’s resources are distributed to its most productive uses. We calculate ...

Using these estimates, we assess the market’s allocative efficiency by comparing actual input allocations to optimal allocations given various objectives. Overall, the market for science is moderately ...