Editing Theory of the second best (section)

==Implications==

In an [[economy]] with some uncorrectable [[market failure]] in one sector, actions to correct market failures in another related sector with the intent of increasing economic efficiency may actually decrease overall economic efficiency. In theory, at least, it may be better to let two market imperfections cancel each other out rather than making an effort to fix either one. Thus, it may be optimal for the government to intervene in a way that is contrary to usual policy. This suggests that economists need to study the details of the situation before jumping to the theory-based conclusion that an improvement in market perfection in one area implies a global improvement in efficiency.<ref>{{cite news|title=Making the second best of it|url=https://www.economist.com/blogs/freeexchange/2007/08/making_the_second_best_of_it|accessdate=27 June 2014|work=Free Exchange|publisher=Economist|date=August 21, 2007}}</ref>