KnowraSecond welfare theoremLinked fromLinked fromThe 10 pages that link to Second welfare theorem, each with the reason it gives.All 10Broader topic 1Related 8Compared with 1Pareto efficiencyRelated: It separates choosing an efficient outcome from choosing its initial distribution.Welfare economicsRelated: It separates efficiency from distribution by assigning redistribution to transfers before market exchange.Kenneth ArrowRelated: It separates the efficiency of market exchange from choices about initial distribution.General equilibrium theoryRelated: It separates the roles of redistribution and decentralized market allocation.First welfare theoremCompared with: It reverses the direction of the first theorem: from efficiency to support by markets.Allocative efficiencyRelated: It clarifies how redistribution and market efficiency can be separated in an idealized setting.Economic efficiencyRelated: It separates the theoretical choice of an efficient allocation from its initial distribution.Arrow–Debreu modelRelated: Its equilibrium framework separates efficient allocation from the distribution of initial resources.Public economicsRelated: It separates redistribution from efficiency in theory, while highlighting practical limits of that separation.Fundamental theorems of welfare economicsBroader topic: It states the reverse direction, with redistribution changing the allocation supported by prices.