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They say it prevents states and localities from using more efficient fees, rather than taxes, to finance activities like trash collection and discourages privatization and the contracting-out of services.
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Investment banks essentially act as efficient fee-seeking missiles.
Many lawyers and law professors have argued in recent years that the legal market will either stagnate or shrink as technology allows more low-end legal work to be handled overseas, and as corporations demand more cost-efficient fee arrangements from their firms.
If you have investments, it pays to look for the most efficient, low-fee funds, because large fees are no signal of quality.
We also explore the relationship between revenue maximization and efficiency, showing that a revenue maximizing seller will typically employ both higher-than-efficient reservation prices and higher-than-efficient entry fees.
The subsidies have fueled explosive growth in the least-efficient plans, fee-for-service plans, which do little or nothing to justify their 17percentt overpayment.
They claim to be able to enter any organisation, watch its workers for a short period, and then – using graphs, algorithms, and a jargon that makes quantum physics look like Sesame Street – render it dramatically more efficient, for a fee.
Speed dating is efficient, though the attendance fees can be costly, and it's not for the faint of heart.
But with minimal fees, tax-efficient structures and the collective wisdom of the market baked in, marketcap- weighted indexes are still the performance champs over the long haul.
More efficient insurers could charge lower fees.
Persuading them that the system would be more efficient if they accepted lower fees and less autonomy will be difficult.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com