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Concluding Comments to the Debate

机译：结论辩论

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摘要

In this final piece to the symposium for a special issue of Pacific Economic Review on the theories and applications of second-best and third-best theories, Richard Lipsey and Yew-Kwang Ng provide their final comments to the debate. Several issues of agreement and disagreement are discussed. Most importantly, while both agree on the formal correctness of both the second-best and third-best theories, Lipsey believes the main proposition of third-best theory (following the first-best rules under Informational Poverty) is applicable only to a situation (status quo) where the first-best rule (such as taxing a pollution at the marginal damage of $N) is already being followed; Ng regards it as applicable whether or not the first-best rule is currently being followed. This also partly explains their difference on the practical policy relevance and the importance of that theory.
机译：在太平洋经济评论关于第二好和第三好理论的理论和应用的专刊的最后一部分中，Richard Lipsey和Nw-Kwang Nw对辩论进行了最后评论。讨论了同意和不同意见的几个问题。最重要的是，尽管双方都同意第二和第三最佳理论的形式正确性，但利普西认为，第三最佳理论的主要主张（遵循信息贫困下的第一最佳规则）仅适用于以下情况：现状）遵循最佳规则（例如以$ N的边际损害征税）； Ng认为当前是否遵循最佳规则都是适用的。这也部分解释了它们在实际政策相关性和该理论重要性方面的差异。

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