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
Second Life — Developer(s) Linden Research, Inc Engine Proprietary … 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
Second Stadtholderless Period — The Second Stadtholderless Period or Era ( nl. Tweede Stadhouderloze Tijdperk) is the designation in Dutch historiography of the period between the death of stadtholder William III on March 19 [This is the date from the Gregorian calendar that… … Wikipedia
theory — 01. Einstein s famous [theory] that E = mc2 has been shown to be true by modern physics. 02. I studied practical linguistics to become an ESL teacher, but some other people in my classes were studying [theoretical] linguistics in order to do… … Grammatical examples in English
Second language acquisition — is the process by which people learn a second language in addition to their native language(s). The term second language is used to describe the acquisition of any language after the acquisition of the mother tongue. The language to be learned is … Wikipedia
Competition law theory — covers the strands of thought relating to competition law or antitrust policy. Contents 1 Classical perspective 2 Neo classical synthesis 3 Chicago School 4 Othe … Wikipedia
Second language phonology — Second language (L2) phonology is different from first language (L1) phonology in various ways. The differences are considered to come from general characteristics of L2, such as slower speech rate (Derwing and Munro, 1997) and lower proficiency… … Wikipedia
Best response — In game theory, the best response is the strategy (or strategies) which produces the most favorable outcome for a player, taking other players strategies as given (Fudenberg Tirole 1991, p. 29; Gibbons 1992, pp. 33–49). The concept of a … Wikipedia
Second law of thermodynamics — The second law of thermodynamics is an expression of the universal law of increasing entropy, stating that the entropy of an isolated system which is not in equilibrium will tend to increase over time, approaching a maximum value at… … Wikipedia
