The Pareto front consists of all Pareto-efficient situations. In addition to the context of efficiency in allocation, the concept of Pareto efficiency also...
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Kaldor-Hicks efficiency, a less stringent version of Pareto efficiency Allocative efficiency, the optimal distribution of goods Efficiency wages, paying...
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least as well off. Under Kaldor–Hicks efficiency, an improvement can in fact leave some people worse off. Pareto-improvements require making every party...
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related to the Pareto efficiency. Mathematically, the 80/20 rule is roughly described by a power law distribution (also known as a Pareto distribution)...
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economic efficiency, depending on the context, is usually one of the following two related concepts:[citation needed] Allocative or Pareto efficiency: any...
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concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to claim that income follows a Pareto distribution...
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Ordinal Pareto efficiency refers to several adaptations of the concept of Pareto-efficiency to settings in which the agents only express ordinal utilities...
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Liberal paradox (section Pareto efficiency)
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...
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The Pareto distribution, named after the Italian civil engineer, economist, and sociologist Vilfredo Pareto, is a power-law probability distribution that...
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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...
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multi-objective optimization, the Pareto front (also called Pareto frontier or Pareto curve) is the set of all Pareto efficient solutions. The concept...
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Welfare economics (section Efficiency)
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...
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computer science, Fractional Pareto efficiency or Fractional Pareto optimality (fPO) is a variant of Pareto efficiency used in the setting of fair allocation...
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Law and economics (section Pareto efficiency)
analysis is efficiency, in particular, allocative efficiency. A common concept of efficiency used by law and economics scholars is Pareto efficiency. A legal...
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Social welfare function (redirect from Social efficiency)
individualistic sense to derive Pareto efficiency (optimality). Paul Samuelson (2004, p. 26) notes that Bergson's function "could derive Pareto optimality conditions...
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absorption capacities. In none of these cases does the criterion of Pareto efficiency obtain. Different economists have different views about what events...
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Robinson Crusoe economy (section Pareto efficiency)
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...
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include: Pareto analysis, a statistical analysis tool in problem solving Pareto distribution, a power-law probability distribution Pareto efficiency Pareto front...
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Production–possibility frontier (section Efficiency)
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...
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following properties of a division rule R: Pareto-efficiency (PE): the rule R returns only divisions which are Pareto-efficient. Division independence (DI):...
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implication is that any desired Pareto optimal outcome can be supported; Pareto efficiency can be achieved with any redistribution of initial wealth. However...
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Multi-objective optimization (redirect from Pareto optimization)
Multi-objective optimization or Pareto optimization (also known as multi-objective programming, vector optimization, multicriteria optimization, or multiattribute...
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combination of votes. This is often replaced with the slightly stronger Pareto efficiency: if voters unanimously support candidate A over candidate B, then...
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determining output targets and achieving economic equilibrium and Pareto efficiency. In this model, the state owns non-labor factors of production, and...
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Efficient envy-free division (redirect from Pareto-efficient envy-free division)
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...
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Deadweight loss (redirect from Efficiency loss)
private firm. Excess burden of taxation Land value tax Optimal tax Pareto efficiency Tax choice Dickson, Vaughan; He, Jian (1997). "Optimal Concentration...
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Water trading (section Pareto efficiency)
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...
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alternatives Kaldor–Hicks efficiency – State leading to a Pareto-efficient outcome, concerning the compensation principle Pareto efficiency – Weakly optimal allocation...
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efficient allocation can be decentralized as a competitive equilibrium. Pareto efficiency Social welfare function Welfare economics Constrained optimization...
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implementing the alternative with the lowest cost–benefit ratio can improve Pareto efficiency. Although CBA can offer an informed estimate of the best alternative...
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