Pareto efficiency

They are used to determine whether an activity moves the economy toward Pareto efficiency.

Hence, Pareto efficiency is a necessary, but not a sufficient condition for social welfare.

No one can be made better off without making someone else worse off (Pareto efficiency).

An underlying objective of water trading is to achieve Pareto efficiency.

To determine whether an activity is moving the economy towards Pareto efficiency, two compensation tests have been developed.

Pareto efficiency requires making every party involved better off (or at least no worse off).

The 1967 policy was organized along classic first-best principles of Pareto efficiency.

Of course, the first equilibrium is better than the second (in the sense of Pareto efficiency).

This paradigm stresses the importance of Pareto efficiency standard.

It is possible to have Pareto efficiency without allocative efficiency.

Pareto efficiency is often used in economics as a minimal sense of economic efficiency.

They explain that voluntary (non-coerced) transactions always have a property called pareto efficiency.

Many economists use Pareto efficiency as their efficiency goal.

A common concept of efficiency used by law and economics scholars is Pareto efficiency.

This model has been used in general equilibrium theory, particularly to show existence and Pareto efficiency of economic equilibria.

Other methods allow multiobjective optimization, such as the calculation of a Pareto efficiency.

Each can (and commonly does) incorporate Pareto efficiency.

He introduced the concept of Pareto efficiency and helped develop the field of microeconomics.

Indeed, Pareto efficiency, as well as the demand for non-imposition, seems acceptable to most people.

The latter corresponds to least-cost-price of production from Pareto efficiency reached in competitive equilibrium.

The notion of Pareto efficiency can also be applied to the selection of alternatives in engineering and similar fields.

Pareto efficiency is named after him.

Thus, in practice, ensuring that nobody is disadvantaged by a change aimed at achieving Pareto efficiency may require compensation of one or more parties.

The term "Pareto principle" can also refer to Pareto efficiency.

In order to achieve this Pareto efficiency, however, a set of conditions must be formulated through a number of sequential stages.