| 单词 |
second fundamental welfare theorem |
| 释义 |
Second Fundamental Welfare Theorem Second Fundamental Welfare TheoremThe theory that one can achieve any desired Pareto efficient outcome by a one-time redistribution of wealth, followed by a reversion to the invisible hand of the market. Pareto efficiency is the allocation of resources such that one cannot improve the lot of one economic actor without hurting the lot of another economic actor. |
| 随便看 |
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