神马品牌网蓝田玉原石价格:什么是技术效率、代理效率？
来源：百度文库 编辑：神马品牌网 时间：2024/05/03 04:45:06
Technical efficiency
firm uses the least-costproduction process
ΔT: difference in technical efficiency
difference between costs ofin-house production 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 produced in-house (agency and influence costs) orpurchased on the market (negotiation, writing and enforcing contract: hold upcosts…)
Declines when assetspecificity increases