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- W1973852499 abstract "Abstract This investigation uses a subjective well-being approach to provide a novel empirical answer to an old normative debate in economic literature: whether consumers use efficiently their income. Based on a large database from Mexico, the paper shows that there exists substantial X -inefficiency in the use of income; even when a relaxed criterion to define the thick frontier is followed. X -inefficiency in the use of income can emerge from personal errors and from social-organization deficiencies. Sustainable development concerns make it critical to focus on reducing X -inefficiency as an alternative way to increase economic well-being." @default.
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- W1973852499 date "2008-12-01" @default.
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- W1973852499 title "X-inefficiency in the use of income to attain economic satisfaction" @default.
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