Word.ws English Dictionary

first-best

first-best is the alternative spelling of first best.

Meaning of first best

Adjective

first best (not comparable)

  1. Characterized by all optimality conditions being satisfiable.
    • Here the government should avoid any policy that affects the workers' decision rules since it would harm efficiency, and the first-best way of pursuing distributional goals is through lump-sum transfers.2018, Lars Ljungqvist and Thomas J. Sargent, Recursive macroeconomic theory, 4th edition, MIT Press, page 200

See all 2 meanings of first best

Questions about first-best

What is first-best the alternative spelling of?
First-best is the alternative spelling of first best.

Words near first-best in the dictionary

  1. first-aid kits
  2. first-aider
  3. first-aiders
  4. first-angle projection
  5. first-angle projections
  6. first-best
  7. first-born
  8. first-chance exception
  9. first-chance exceptions
  10. first-chop
  11. first-class

Source and license

Adapted from Wiktionary: first-best (page history and authors); first best (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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