The Pareto front consists of all Pareto-efficient situations. In addition to the context of efficiency in allocation, the concept of Pareto efficiency also...

Kaldor-Hicks efficiency, a less stringent version of Pareto efficiency Allocative efficiency, the optimal distribution of goods Efficiency wages, paying...

least as well off. Under Kaldor–Hicks efficiency, an improvement can in fact leave some people worse off. Pareto-improvements require making every party...

related to the Pareto efficiency. Mathematically, the 80/20 rule is roughly described by a power law distribution (also known as a Pareto distribution)...

economic efficiency, depending on the context, is usually one of the following two related concepts:[citation needed] Allocative or Pareto efficiency: any...

concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to claim that income follows a Pareto distribution...

Ordinal Pareto efficiency refers to several adaptations of the concept of Pareto-efficiency to settings in which the agents only express ordinal utilities...

situation as Pareto-efficient if there is no other social state that at least one person favors (or prefers) and no one disfavors. Pareto efficiency is often...

The Pareto distribution, named after the Italian civil engineer, economist, and sociologist Vilfredo Pareto, is a power-law probability distribution that...

being made better or worse off. It is possible to have Pareto efficiency without allocative efficiency: in such a situation, it is impossible to reallocate...

multi-objective optimization, the Pareto front (also called Pareto frontier or Pareto curve) is the set of all Pareto efficient solutions. The concept...

distributive efficiency when goods are distributed to the people who can gain the most utility from them. Pareto efficiency is an efficiency goal that is...

computer science, Fractional Pareto efficiency or Fractional Pareto optimality (fPO) is a variant of Pareto efficiency used in the setting of fair allocation...

analysis is efficiency, in particular, allocative efficiency. A common concept of efficiency used by law and economics scholars is Pareto efficiency. A legal...

individualistic sense to derive Pareto efficiency (optimality). Paul Samuelson (2004, p. 26) notes that Bergson's function "could derive Pareto optimality conditions...

absorption capacities. In none of these cases does the criterion of Pareto efficiency obtain. Different economists have different views about what events...

decision-making abilities as Crusoe. Along with this, conditions of Pareto efficiency can be analysed by bringing in the concept of the Edgeworth box. Similar...

include: Pareto analysis, a statistical analysis tool in problem solving Pareto distribution, a power-law probability distribution Pareto efficiency Pareto front...

productive efficient points are Pareto efficient: impossible to find any trade that will make no consumer worse off. Pareto efficiency is achieved when the marginal...

following properties of a division rule R: Pareto-efficiency (PE): the rule R returns only divisions which are Pareto-efficient. Division independence (DI):...

implication is that any desired Pareto optimal outcome can be supported; Pareto efficiency can be achieved with any redistribution of initial wealth. However...

Multi-objective optimization or Pareto optimization (also known as multi-objective programming, vector optimization, multicriteria optimization, or multiattribute...

combination of votes. This is often replaced with the slightly stronger Pareto efficiency: if voters unanimously support candidate A over candidate B, then...

determining output targets and achieving economic equilibrium and Pareto efficiency. In this model, the state owns non-labor factors of production, and...

goal is to divide the resources among the agents in a way that is both Pareto efficient (PE) and envy-free (EF). The goal was first defined by David Schmeidler...

private firm. Excess burden of taxation Land value tax Optimal tax Pareto efficiency Tax choice Dickson, Vaughan; He, Jian (1997). "Optimal Concentration...

their rights. An underlying objective of water trading is to achieve Pareto efficiency. This is the point of water right distribution in which no further...

alternatives Kaldor–Hicks efficiency – State leading to a Pareto-efficient outcome, concerning the compensation principle Pareto efficiency – Weakly optimal allocation...

efficient allocation can be decentralized as a competitive equilibrium. Pareto efficiency Social welfare function Welfare economics Constrained optimization...

implementing the alternative with the lowest cost–benefit ratio can improve Pareto efficiency. Although CBA can offer an informed estimate of the best alternative...