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theory of the second best

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  • Theory of the Second Best — The Theory of the Second Best concerns what happens when one or more optimality conditions are not satisfied in an economic model. Canadian economist Richard Lipsey and Australian American economist Kelvin Lancaster showed in a 1956 paper that if …   Wikipedia

  • The theory of a second-best solution — concerns the events that happen when a condition for an optimal outcome isn t met. In that case a second best solution should be sought. But the second best solution isn t always the one where every other condition is met except the one missing… …   Wikipedia

  • Theory of the firm — The theory of the firm consists of a number of economic theories that describe the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.[1] Contents 1 Overview 2 Background …   Wikipedia

  • The Second Coming (poem) — The Second Coming is a poem by William Butler Yeats first printed in The Dial (November 1920) and afterwards included in his 1921 verse collection Michael Robartes and the Dancer . The poem uses religious symbolism to illustrate Yeats anguish… …   Wikipedia

  • Jerusalem during the Second Temple Period — The Temple Mount …   Wikipedia

  • The World as Will and Representation — The title page of the expanded 1844 publication The World as Will and Representation (Die Welt als Wille und Vorstellung) is the central work of the German philosopher Arthur Schopenhauer. The first edition was published in December 1818,[1] and… …   Wikipedia

  • The Myth of the Rational Voter —   Author(s) Bryan Caplan …   Wikipedia

  • The Lord of the Rings — This article is about the novel. For other uses, see The Lord of the Rings (disambiguation). The Lord of the Rings Tolkien s own cover designs for the three volumes Volumes: The Fellowship of the Ring …   Wikipedia

  • The Low End Theory — Infobox Album Name = The Low End Theory Type = studio Artist = A Tribe Called Quest Released = September 24, 1991 Recorded = 1991; Battery Studios Greene Street Studios Soudtrack Studios (New York, New York) Genre = Alternative hip hop, jazz rap… …   Wikipedia

  • The Hurt Locker — Hurt Locker redirects here. For the song by American Rapper Xzibit, see Hurt Locker (song). The Hurt Locker …   Wikipedia

  • The Republic (Plato) — The Republic   Author(s) Plato …   Wikipedia

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