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单词 free lunch
释义 free lunch

A policy or combination of policies which produces advantages without any offsetting disadvantages. The term arises from the saying that ‘there is no such thing as a free lunch’. Any policy normally has some adverse side-effects: for example tariffs benefit some domestic firms but damage consumers. It may be possible to find a combination of policies, including compensation for losers, which is beneficial all round. Adoption of a free lunch policy package is Pareto-optimal: such a package must be difficult to devise, since any obvious free lunch policy package would have been adopted already.

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更新时间:2025/3/9 23:01:55