Concepedia

Second-best Efficiency

Second-Best Efficiency is an allocative efficiency condition in which the optimal outcome, given binding constraints that prevent first-best optimization, is achieved by maximizing social welfare subject to those constraints, thereby representing the best feasible allocation under limited policy instruments or market imperfections.

35

Publications

3.8K

Citations

68

Authors

58

Institutions

Publications per year

2017–2026

3

Parents

Publications

35

The General Theory of Second Best

Richard G. Lipsey, Kelvin Lancaster · The Review of Economic Studies · 1956 · 2K citations

, , +15

Cash versus Kind, Self-selection, and Efficient Transfers

Charles Blackorby, David Donaldson · American Economic Review · 1988 · 328 citations

, , +17

Mechanism Design with Collusion and Correlation

Jean‐Jacques Laffont, David Martimort · Econometrica · 2000 · 320 citations

, , +13

Energy-Efficient Mobile Charging for Wireless Power Transfer in Internet of Things Networks

Na Woongsoo, Junho Park, Cheol W. Lee et al. · IEEE Internet of Things Journal · 2017 · 123 citations

, , +17

Welfare Economics and the Theory of Second Best

Otto A. Davis, Andrew B. Whinston · The Review of Economic Studies · 1965 · 111 citations

, , +13

1–5 of 35

Authors

68

  1. AB
    Andrew B. Whinston

    The University of Texas at Austin, United States

    2 publications · 150 citations

    2

    h-index

  2. GB
    Gregory Besharov

    Duke University, United States

    2 publications · 47 citations

    2

    h-index

  3. PB
    Peter Böhm

    Stockholm University, Sweden

    2 publications · 50 citations

    2

    h-index

  4. OA
    Otto A. Davis

    Carnegie Mellon University, United States

    2 publications · 150 citations

    2

    h-index

  5. RW
    Robert W. Helsley

    University of British Columbia, Canada

    1 publications · 46 citations

    1

    h-index

1–5 of 68

Institutions

58

  1. University of Pennsylvania

    Philadelphia, United States

    2 h-index

    4 publications

    260 citations

  2. National Bureau of Economic Research

    Cambridge, United States

    2 h-index

    4 publications

    183 citations

  3. Ifo Institute for Economic Research

    Munich, Germany

    2 h-index

    2 publications

    101 citations

  4. University of Virginia

    Charlottesville, United States

    2 h-index

    2 publications

    203 citations

  5. National University of Singapore

    Singapore, Singapore

    2 h-index

    2 publications

    89 citations

  6. Carnegie Institution for Science

    Washington, United States

    2 h-index

    2 publications

    150 citations

  7. University of British Columbia

    Vancouver, Canada

    1 h-index

    1 publications

    46 citations

  8. London School of Economics and Political Science

    London, United Kingdom

    1 h-index

    1 publications

    15 citations

1–8 of 58

Venues

  1. The Review of Economic Studies

    7 publications · 2.2K citations

    7

    h-index

  2. SSRN Electronic Journal

    Repository · 6 publications · 167 citations

    6

    h-index

  3. Economica

    3 publications · 99 citations

    3

    h-index

  4. National Bureau of Economic Research

    Repository · 2 publications · 68 citations

    2

    h-index

  5. Southern Economic Journal

    2 publications · 68 citations

    2

    h-index

1–5