This typically yields a broad range of potential negotiated solutions, making it unlikely that the efficient outcome will be the one selected.

The price of keeping the bonus down to manageable proportions is a somewhat less efficient outcome.

It can also show the difficulty of moving to an efficient outcome in the presence of bilateral monopoly.

The Center's vision is to assure that electronic commerce processes and applications achieve their efficient outcomes promised for the digital age.

Competitive markets do sometimes fail to produce efficient outcomes, they note.

This could lead to an efficient outcome approaching perfect competition.

Thus, under Kaldor-Hicks efficiency, a more efficient outcome can in fact leave some people worse off.

X-inefficiency, however tends to increase average costs causing further divergence from the economically efficient outcome.

Donor countries believed that a reduction in the size and the reach of the state could provide a more efficient outcome.

Free-market economists say that might be the most efficient outcome, but no industry disappears without a fight.