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At the aggregate level, overeducation could reflect skill mismatch and an inefficient allocation of workers to jobs.
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When the stock of educated workers is at its socially optimal level, there is an inefficient allocation of search and jobs across the formal and informal sectors.
Drug companies' pursuit of private gain results in an inefficient allocation of resources and a social loss.
The Times agrees, arguing that "stamp duty is almost perfectly designed to ensure the inefficient allocation of housing".
Protectionism is widely believed by market liberals to hamper economic growth by creating inefficient allocation of resources.
These include industrial overcapacity and the monopolistic grip of many state-owned enterprises, as well as the inefficient allocation of loans.
Bad ones lead not just to the inefficient allocation of capital but also to a loss of confidence in the markets and, when fraud is involved, to huge shareholder losses.
Thus, even PHARM measures the inefficient allocation of resources due to managerial incompetence.
Subsidized entry suppresses capacity prices and induces an inefficient allocation of capacity.
This behavior leads to an inefficient allocation of resources in the federation, which may be "unattractive" for the minority region.
The problem is that there's a lag time of 3 or 5 years, and it makes for an inefficient allocation of people.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com