first best
名词 n.
形容词 adj.
英文释义
名词 n.
- A situation where all optimality conditions are satisfied.
形容词 adj.
-
Characterized by all optimality conditions being satisfiable.
— Here the government should avoid any policy that affects the workers' decision rules since it would harm efficiency, and the first-best way of pursuing distributional goals is through lump-sum transfers.
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数据来源: Wiktionary