But by agreeing to purchase new F-16 fighter planes without first sorting out the defence budget, the government has made that job harder.When President Ricardo Lagos took office in March 2000, he promised to review an inefficient arrangement under which Chile's armed forces receive an off-budget allocation from Codelco, the state-owned copper company, to finance purchases of equipment.
Already, manufacturing firms in southern China are struggling to cope with the rising yuan, because there is no currency-futures market for hedging.Similarly, Chinese firms are forced into inefficient financing arrangements.
A genuinely competitive but efficient solution often requires exclusive dealing, various side constraints and other seemingly "inefficient" contractual arrangements to assure both sides of fair dealing in idiosyncratic markets.
One third of the studies reported patients experiencing limited availability and access to services, often due to time constraints on health care providers and inefficient referral arrangements between physicians and specialists.
The ship dispensed with the inefficient hexagonal turret arrangement of previous German battleships; instead, three of the five turrets were mounted on the centerline, one forward and two of them arranged in a superfiring pair aft.
She disposed with the inefficient hexagonal turret arrangement of previous German battleships; instead, three of the five turrets were mounted on the centerline, with two of them arranged in a superfiring pair aft.
"The antiquated and inefficient shelf-and-pole arrangement is giving way to better utilization," he said.
The government believes this arrangement is inefficient and confusing for consumers, with a lack of coherence between the strategies and business plans of the three services".
This arrangement proved inefficient, however, as 12 B-29 sorties between India and China were needed to transport enough fuel and other supplies to enable one of the heavy bombers to fly a round trip between China and Japan.
Trust is negatively related to the level of formalization of the contractual relationship, thus confirming our original assumption (H3.3.1) and the findings of Farrell (Farrell 2005) stating that in local production (and consumption) systems characterized by social cohesion and a relatively inefficient legal systems, informal contractual arrangements are more efficient than formal contracts.
