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A Paradox in the Theory of Second Best

Author

Listed:
  • Roger L. Faith

    (Virginia Polytechnic Institute and STate University)

  • Earl A. Thompson

    (UCLA)

Abstract

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Suggested Citation

  • Roger L. Faith & Earl A. Thompson, 1979. "A Paradox in the Theory of Second Best," UCLA Economics Working Papers 156, UCLA Department of Economics.
    • Handle: RePEc:cla:uclawp:156
    as

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    File URL: http://www.econ.ucla.edu/workingpapers/wp156.pdf
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    References listed on IDEAS

    as
    1. O. A. Davis & A. B. Whinston, 1967. "Piecemeal Policy in the Theory of Second Best," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(3), pages 323-331.
    2. Paul A. Samuelson, 1956. "Social Indifference Curves," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 1-22.
    3. P. Bohm, 1967. "On the Theory of "Second Best"," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(3), pages 301-314.
    4. Allingham, M. G. & Archibald, G. C., 1975. "Second best and decentralization," Journal of Economic Theory, Elsevier, vol. 10(2), pages 157-173, April.
    5. Otto A. Davis & Andrew B. Whinston, 1965. "Welfare Economics and the Theory of Second Best," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(1), pages 1-14.
    6. R. G. Lipsey & Kelvin Lancaster, 1956. "The General Theory of Second Best," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 24(1), pages 11-32.
    Full references (including those not matched with items on IDEAS)

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