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second best
(redirected from Theory of the Second Best)

    Also found in: Legal, Wikipedia 0.01 sec.
second best
n.
One that is next to the best.
adv.
Next to the best.
second-best (sknd-bst) adj.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.second best - the competitor who finishes second
runner-up
challenger, competitor, contender, rival, competition - the contestant you hope to defeat; "he had respect for his rivals"; "he wanted to know what the competition was doing"
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6) However, if more attention had been paid to the theory of the second best the outcome would not have seemed so strange.
What did the study of the Soviet economy contribute to mainstream ... by Ellman, Michael / Comparative Economic Studies
20) Similarly, the theory of the second best warns that when distortions are present, fewer distortions are not necessarily better, because one distortion might be offsetting another.
Law and economics: realism or democracy? by Smith, Henry E. / Harvard Journal of Law & Public Policy
52) For an overview of the theory of the second best, see Richard S.
Patents, tax shelters, and the firm by Burk, Dan L.; McDonnell, Brett H. / Virginia Tax Review
 
 
 
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