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by Erling Moxnes
Fri Apr 11, 1997 9:37 am
Forum: SD Mailing List Archive
Topic: consequences of optimising all subsystems
Replies: 12
Views: 10282

consequences of optimising all subsystems

Economics deal with "optimising all subsystems" in its literature on the "second best". In general, when one policy is not "first best", it is not obvious that one should strive for fist best policies to other problems. See for instance: Copeland, B.R. (1994). "Int...

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