first best

名词 n. 形容词 adj.

英文释义

名词 n.
  1. A situation where all optimality conditions are satisfied.
形容词 adj.
  1. Characterized by all optimality conditions being satisfiable. not-comparable
    — 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.

词形变化

first-best alternative first bests plural first-best alternative
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