Definition:
The Second Welfare Theorem is that a Pareto efficient allocation can be achieved by a Walrasian equilibrium if every agent has a positive quantity of every good, and preferences are convex,
continuous, and strictly increasing.
Terms related to Second Welfare Theorem:
None
About.Com Resources on Second Welfare Theorem:
None
Writing a Term Paper? Here are a few starting points for research on Second Welfare Theorem:
Books on Second Welfare Theorem:
None
Journal Articles on Second Welfare Theorem:
None

